Responsible Ways to Use a Credit Card

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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 to Pay With a Credit Card
How Credit Cards Work Step by Step
1. Making the Purchase
2. Entering the Transaction
3. Transmitting Data
4. Authorizing the Transaction
5. Responding to the Merchant
6. Completing the Transaction
7. Submitting Captured Transactions
8. Depositing Funds
9. Cardholder Receives Billing Statement
Ways to Use a Credit Card
Pay Your Bills on Time
Charge What You Can Afford
Stay Below Your Credit Card Limit
Use Your Rewards
Finding Your First Credit Card
The Takeaway
Frequently Asked Questions
About the Author
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and currently serves as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.
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