Previous | Read this before investing in an IPO Next | Annual Big Game Predictor
February 03, 2021 / Cynthia Marconi
The three best ways to use a credit card

The three best ways to use a credit card

Credit cards are a secure, convenient alternative to using debit cards, checks or cash to make purchases.

They can serve as a powerful money management tool and can help you boost your credit. Additionally, many offer fraud protection and card replacement in the event your credit card is lost or stolen.

illustration of people making purchases with oversized credit cardHere are the three best ways to utilize the advantages of a credit card:

  1. Earn rewards

Many credit cards offer rewards such as cash, airline miles or retail points. So, it makes sense to earn rewards on purchases you’d be making anyway. The card that’s best for you is contingent upon the types of rewards you’d like to earn.

  1. Build credit

If you’re trying to build credit or improve bad credit, a credit card is a great way to make that happen. Your credit card payment history is usually reported to the three major credit bureaus. Making your payments on time and in full can help you establish a pattern of responsible borrowing and, in turn, increase your credit score.

  1. Finance a large purchase

Some credit cards offer an introductory 0% APR on purchases. If you need to make a large purchase such as a couch or computer, and you’re confident you can pay it off before the end of the introductory rate period, using a credit card may be a great option. Just always be sure to read the fine print.

Cynthia Marconi is vice president, treasury manager at F&M Trust

Recent Articles
An introduction to 401(k) plans
An introduction to 401(k) plans

An introduction to 401(k) plans

December 27, 2021 / F&M Trust

Five things you can do to get out of debt
Five things you can do to get out of debt

Five things you can do to get out of debt

December 17, 2021 / F&M Trust

How to create an emergency fund (before the emergency)
How to create an emergency fund (before the emergency)

How to create an emergency fund (before the emergency)

December 10, 2021 / F&M Trust

How to protect your identity and spot signs of fraud
How to protect your identity and spot signs of fraud

How to protect your identity and spot signs of fraud

December 06, 2021 / F&M Trust

Tax Law Changes: The American Families Plan and how it might impact you
Tax Law Changes: The American Families Plan and how it might impact you

Tax Law Changes: The American Families Plan and how it might impact you

October 14, 2021 / Erin Sunday

Tax Law Changes: A closer look at estate and gift taxes
Tax Law Changes: A closer look at estate and gift taxes

Tax Law Changes: A closer look at estate and gift taxes

October 12, 2021 / Erin Sunday

Tax Law Changes: A closer look at corporate taxes
Tax Law Changes: A closer look at corporate taxes

Tax Law Changes: A closer look at corporate taxes

October 07, 2021 / Erin Sunday

Tax Law Changes: A closer look at individual taxes and what the changes mean for you
Tax Law Changes: A closer look at individual taxes and what the changes mean for you

Tax Law Changes: A closer look at individual taxes and what the changes mean for you

October 05, 2021 / Erin Sunday

Why keeping up with the Joneses is never a good idea
Why keeping up with the Joneses is never a good idea

Why keeping up with the Joneses is never a good idea

September 30, 2021 / F&M Trust

Join our e-newsletter

Sign up for our e-newsletter to get new content each month.

NOTICE: YOU ARE LEAVING F&M TRUST!

You are now leaving the F&M Trust website. Links to third-party sites are provided for your convenience. Such sites are not within our control and may not follow the same privacy, security or accessibility standards as ours. F&M Trust neither endorses nor guarantees offerings of the third-party providers, nor is F&M Trust responsible for the security, content or availability of third-party sites, their partners or advertisers.