Credit cards can save you money or cost you dearly. The difference is strategy

Used wisely, credit cards are a powerful tool for reducing living costs, building credit, and earning rewards. Used poorly, they become a trap of compounding debt and fees.

Here are 10 smart credit card strategies to stay ahead:

1. Maximise rewards – Cashback and points on groceries, fuel, dining, or travel.
2. Pay in full – Avoid interest by never carrying a balance.
3. Use 0% intro offers – Finance big purchases or consolidate debt interest-free.
4. Build credit – Improve your credit score for cheaper loans and better terms.
5. Stay protected – Credit cards come with built-in fraud protection and warranties.
6. Get perks – Discounts, extended warranties, and price protection = real savings.
7. Track spending – Credit statements help you stay on budget and spot overspending.
8. Consolidate debt – Use balance transfers to cut down interest costs.
9. Avoid fees – No annual fee cards + autopay = no late or hidden charges.‘
10. Use as emergency buffer – For unexpected costs, better than payday loans or overdrafts.

Avoid these pitfalls: carrying a balance, missing payments, impulse spending, cash advances, co-signing, or ignoring your credit terms.

Financial literacy turns debt traps into opportunity tools. Make your credit cards work for you, not against you.