Credit Card Basics: How Cards Help (or Hurt) Your Credit

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Make the Most of Your Credit Card Rewards

Make the Most of Your Credit Card RewardsHow you apply for, use, and manage your credit cards says a lot about your creditworthiness as a borrower.

Your credit, when it comes down to it, is all about establishing a certain trust between parties who, otherwise, don’t know much about the other. Your credit scores and reports establish your general level of risk for lenders, insurers, utilities and others, and give them an idea of what to expect if they choose to approve you.

Naturally, credit cards, (as the very name suggests), play a big role in generating those scores and forming a significant part of your credit history. What you do with your plastic matters–and there’s lots of Dos and Don’ts when it comes to using them and paying them off. Credit cards can be among your credit scores’ best friends…or worst enemies.

How many cards should a person carry, and what kind? What positive or negative effect does closing one–or all–of them have? And what other factors should you consider before applying for a card, or using one? There are lots of important questions to be asked, but, thankfully, we have answers for you!

Read up on how credit cards can help–or hurt–your credit reports and scores with these articles from the Quizzle blog and beyond:

How Many Credit Cards Should I Have?

Closing Accounts Without Scarring Your Credit

What the Heck is Credit Utilization?

5 Situations When You Should Use Your Credit Card

Visa and MasterCard: What’s the Difference?

Additional Resources:

How Credit Cards Affect Your Credit Rating

6 Experts Offer Credit Card Advice for 2012