Knowledge is power, especially when it comes to spending.
Credit cards are easier than ever to open. But how easy are they to use and manage properly? The fact is, many of us are stuck in unhealthy relationships with our credit cards.
At Thrivent Federal Credit Union, we want members to know and understand the financial tools they use, before they make decisions that could impact their money journey. In this article, we dissect the three must-know categories involved with credit card ownership, and offer answers to common questions:
- Plan: Do I have a reason to open a credit card? What is my spending plan?
- Payment: Am I prepared to make monthly payments or pay down my card in full each month?
- Terms: Do I understand the terms of my card?