Five healthy habits for managing your credit card

Keeping your card under control doesn’t have to be hard. Here are five healthy habits to help you manage your card and protect your credit rating.

Track your spending

By choosing secure electronic statements and checking them each month, you’ll be able to see exactly where your money is going and spot any suspicious activity on your card, so you can report it to the bank.

Remember to pay on time

Get to know your card payment due date, then pay on time or even a little early – you can avoid late fees and keep interest under control.

Don’t just pay the minimum

If you can afford it, paying even just a little extra helps you keep your balance down and reduce your overall interest bill.

Keep an eye on interest rates and fees

There can be big differences in fees and interest rates between cards, so it pays to shop around. Choosing a card like the Teachers Mutual Bank credit card with no annual fee and a very competitive interest rate can make a big difference over time.

Don’t overcommit

It might seem like a handy safety net, but choosing a credit limit higher than you need not only encourages you to overspend, it can also make it harder to get other loans – and even affect your credit rating.

As a teacher, you’re busy caring for your students’ welfare, so it’s good to know there’s a bank dedicated to caring for your own financial wellbeing. If you’re looking for a low interest, no annual fee credit card, why not consider a Teachers Mutual Bank credit card?