Make sure that you make your payments on time when you have a credit card. The extra fees are where the credit card companies get you. It is very important to make sure you pay on time to avoid those costly fees. This will also reflect positively on your credit report. Only carry credit cards that you intend on using with you. This makes it easier to keep track of your cards and the charges you make. Theft is rampant in our society today, so remember to be aware of where you place your credit cards. If you think that your card has gone missing you should contact the credit card company to have it cancelled straight away. Think about receiving an unsecured line of credit from a credit card company after you have been paying down a secured card reliably. Offers will start arriving in the mail around the same time. You will need to decide which cards are best suited for your use and circumstances after a thorough evaluation of the situation.
Make a real commitment to start paying off the high balances you have on your credit cards. Your financial stability and health does depend on a solid credit report. Paying off outstanding credit debts gives the appearance of a responsible consumer and improves your credit score. Have a pre-determined minimum payment you will make monthly, and allow for this within your budget. If you have several credit cards, try to set a priority for them, based on APR. Make an effort to use the cards with the lowest interest rates whenever possible. The best thing to do is limit the debt you carry over on a monthly basis. If you need to have a balance, ensure you carry higher balances on cards with a lower APR.
The reason why card companies suggest minimum payments is simply because this amount is how much they want you to pay in order for them to get the largest amount of money from you as possible over a longer period of time. Try to make a larger payment than just the minimum. By doing this, you will avoid paying high amounts of interest that can really add up in the long run.