How to Use a Credit Card: Best Practices and Mistakes to Avoid

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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
How Do Credit Cards Work?
Benefits of Using a Credit Card
Build Your Credit Score
Earn Reward Points or Cash Back
Pay Down Debts
Finance a Purchase
How to Use Your Credit Card Wisely
Make Payments on Time
Pay in Full Every Month
Purchase Only Within Your Cash Payment Limit
Stay Below Your Credit Limit
The Takeaway
Frequently Asked Questions
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About the Author
Jason Steele has been writing about credit cards and award travel since 2008. One of the nation's leading experts in this field, he has contributed to dozens of personal finance and travel outlets and has been widely quoted in the mainstream media.
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