Tips for Managing Your Credit Cards Properly

Credit cards can be a powerful financial tool if used correctly. At Global Escrow Bank (GEB), we want to help you maximize their benefits while maintaining healthy control over your finances.

1. Pay the Full Balance Every Month

Avoid paying accrued interest by paying off the full balance on each due date.

2. Know Your Credit Limit and Use It Sparingly

Don't spend more than 30% of your available limit to maintain good credit health.

3. Make Timely Payments

Late payments can affect your credit score and result in additional charges.

4. Use Rewards and Benefits to Your Advantage

Take advantage of the points, cashback and insurance programs associated with your card.

5. Avoid Cash Withdrawals

Credit cards are not designed for cash withdrawals due to the high interest rates associated with them.

6. Stay Alert to Fraud

Regularly review your account statements and report any suspicious transactions.

7. Don't Apply for Multiple Cards in a Short Period of Time

Opening many lines of credit in a short period of time can negatively affect your financial history.

8. Use Your Credit Wisely

Make planned purchases and don't finance unnecessary expenses with your card.

9. Read the Terms and Conditions

Understand the interest rates, fees, and benefits of each card before using it.

10. Build a Positive Credit History

Good management of your cards will help you improve your credit rating and access better financial opportunities.

By following these tips, you can take advantage of the benefits of your credit cards without compromising your financial stability.

Manage your credit wisely and make it work in your favor with GEB!