Guide to Credit Cards - Which to Get and How to Use Them
Why it matters?
Credit cards are your opportunity to build credit. Learn how interest and fees work, why consistent payments matter, and tips on leveraging credit for your goals. ASU's iGrad, a financial wellness resource, can help you master budgeting and money fundamentals to keep you on track to financial success.
How do I Use the Principles for Learning?
Treat a credit card like borrowed money, not extra money you suddenly have.
Try not to spend more than what is already in your checking account.
Pay the full statement balance every month so interest does not start stacking up.
Check the APR, fees, and due date before choosing or using a card.
Use one card carefully instead of opening multiple cards just because they are offered.
Try This:
- Look at one credit card statement and find the balance, due date, minimum payment, and APR.
- Before buying something with a credit card, ask: “Could I pay this off today if I had to?”
Recommended Resources:
- ASU Hey Sunny: Everything you need to know about credit cards
- ASU iGrad Financial Wellness
- ASU Financial Aid and Scholarship Services