If you don’t already have a few credit cards in your wallet, you might be leaving money on the table … literally. Credit cards can help you build your financial clout, live your best life, and score some sweet perks. If you’re new to the game, here’s what you need to know to crush it.
It’s Giving Financial Power
Your credit score is your money reputation. It’s how lenders, banks, landlords, and even employers decide if they can trust you. A good score can help you snag lower rates on loans, get approved for apartments, or even land a job. Building credit early is like planting seeds for future financial wins.
Credit Cards > Cash or Debit
Cash and debit feel easier than credit sometimes. But debit cards don’t build credit, and cash doesn’t leave a paper trail, so they’re not doing you any favors in the long term. Credit cards, on the other hand, can help you:
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Build your credit: Which can help you edge out other applicants for a dream apartment
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Earn rewards: Cash back and points mean your purchases pay you back
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Fraud protection: If someone gets your debit card info, it’s your money tied up. Credit card gets lost or stolen? We fix it for you.
Starting Out: Keep It Simple
If you’re new to this, don’t overcomplicate things. Dan Scheidtmann, Fremont Bank’s credit card guru, recommends starting with a cash back card. It’s straightforward—you earn money back on your spending, which goes straight into your bank account. Our Fremont Bank Platinum Mastercard® has no annual fee and a low interest rate, making it a solid pick for beginners.
Pro Tips to Flex Your Credit Skills
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Pay in Full Every Month: Treat your credit card like a debit card. Only spend what you can pay off. This builds your credit score, and keeps you from paying interest.
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Start Small: Use your card for regular stuff—think gas, groceries, or your monthly Spotify subscription. Keep your usage under 30% of your credit limit for bonus points on your credit score.
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Separate Cards for Safety: Have one card for recurring bills, and another for daily use. This way, if one gets hacked, your auto payments are safe.
The Real Rewards
Once you’ve mastered the basics, level up to rewards like the World Mastercard®, which gives 3% cash back on dining and travel. Whether you’re grabbing coffee or booking flights, you’ll earn perks along the way.
TL;DR
Credit cards are your key to unlocking responsible adulting. Use them wisely, build your credit, and unlock financial freedom. Got questions? Check out Fremont Bank’s Credit Card Comparison Tool, or hit up our team for advice.
