CHASE - CREDITCARDS

Tips For Taking Charge Of Your Credit Cards

• Follow the 20/10 rule of debt—Do not borrow more than 20% of your annual net (after taxes) income. Keep your monthly payments to less than 10% of your monthly take home pay.
• Ask, “Do I really need this?”—Before buying something, determine whether it is really a need or just a want. You can lower your expenses by eliminating spending on things you do not need.
• Understand the total cost of your purchase—If you charge an item and do not pay it off right away, you will end up paying more than the original price with interest included.
• Pay more than the minimum—If you only pay the minimum due on your credit card statement each month it will take more time to pay off the balance.
• Keep your balance lower than your credit limit—Maxing out your credit cards may look bad on your credit report. You may want to have credit available for emergencies as well.

More General Credit Information