Previous | Read this before investing in an IPO Next | Preparing for a recession
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
Preparing for a recession
Preparing for a recession

Preparing for a recession

July 10, 2024 / Warren Hurt

The importance of renters’ insurance
The importance of renters’ insurance

The importance of renters’ insurance

July 03, 2024 / Laura Lowry

Teaching children how to budget
Teaching children how to budget

Teaching children how to budget

June 24, 2024 / Danielle Ritter

How to save money at the grocery store
How to save money at the grocery store

How to save money at the grocery store

June 19, 2024 / Lisa Hogue

Turning your hobby into a source of income
Turning your hobby into a source of income

Turning your hobby into a source of income

June 12, 2024 / Kia Treml

Is it time to sell your home?
Is it time to sell your home?

Is it time to sell your home?

June 05, 2024 / Katie Rittel

Seven tips to help you save for vacation
Seven tips to help you save for vacation

Seven tips to help you save for vacation

May 17, 2024 / Megan Witmer

Gig economy offers workers independence
Gig economy offers workers independence

Gig economy offers workers independence

May 14, 2024 / Shelby Yinger

Budgeting for home improvements
Budgeting for home improvements

Budgeting for home improvements

May 09, 2024 / Jenny Madden

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.