How to use a credit card correctly: tutorials and tips
The credit card has been a huge facilitator in the lives of all consumers. The credit market constantly innovates customer opportunities, offering cards with attractive benefits and various credit opportunities.
However, using this credit excessively can bring headaches and consequences of great impact for the holder.
That's why we brought this material on how to use your credit card correctly and keep your financial life healthy.
How to use credit card?
Credit card is a form of short-term loan . The financial institution releases a credit limit according to the customer's profile and the payment of the invoice is monthly.
The customer receives a free credit limit to use as many times as he wants , and payment is made in one go, according to the due date of the invoice .
The value of purchases (whether in cash or in installments ) can only reach, at most, the value of the card's credit limit .
See, the credit limit isn't money in the account and it's not monthly, it's a total limit you can spend on that card .
When splitting a purchase, the installment amount must fit within your total limit. In installments, your limit is committed to the number of installments .
For example, if you have a R$1,000 limit, this is the maximum amount you can spend, either in installments or all at once.
Therefore, if you have spent your entire available limit, you will only be able to make new purchases on this card as you pay the invoice and release your limit.
How to use virtual credit card?
The virtual credit card can be created for use in online purchases. To create a virtual card, just enter the bank application and generate a card .
A new number and security code are generated , which you can use for online purchases, informing your card details when requested.
This functionality is safer , as the consumer does not inform his physical card number.
In addition, the virtual card can be created and deleted, which makes it even safer for internet purchases.
How to use credit card online?
To make online purchases, when selecting the desired products or services, to finalize the purchase, card details are requested to complete .
Just insert all requested data such as card number, name of the holder, security code , etc.
You can use the physical card number or generate a virtual card to complete your purchases.
Warning : Before making online purchases, remember to research the site, its reputation and whether it is a safe environment.
To make online purchases, when selecting the desired products or services, to finalize the purchase, card details are requested to complete .
Just insert all requested data such as card number, name of the holder, security code , etc.
You can use the physical card number or generate a virtual card to complete your purchases.
Warning : Before making online purchases, remember to research the site, its reputation and whether it is a safe environment.
How can I use my cell phone as a credit card?
Currently it is also possible to use the cell phone as a credit card , using Near Field Communication (NFC), which means “communication by proximity field”.
Therefore, you need to bring your cell phone close to the payment device and complete the transaction.
This modality is similar to using the approximation card , but in this case, using the cell phone.
The customer creates a kind of digital wallet on his cell phone , registering his data and cards, to use them in making payments.
More current cell phones already have this technology and it is possible to check in the device manual if it has this function.
There are also some bank applications that allow this functionality, making it even easier to use your cell phone as a credit card.
Currently it is also possible to use the cell phone as a credit card , using Near Field Communication (NFC), which means “communication by proximity field”.
Therefore, you need to bring your cell phone close to the payment device and complete the transaction.
This modality is similar to using the approximation card , but in this case, using the cell phone.
The customer creates a kind of digital wallet on his cell phone , registering his data and cards, to use them in making payments.
More current cell phones already have this technology and it is possible to check in the device manual if it has this function.
There are also some bank applications that allow this functionality, making it even easier to use your cell phone as a credit card.
How to use credit card for the first time?
After applying for a credit card and having your application approved, you will receive the physical card at your registered address within a few days.
Upon receipt, depending on the financial institution, you will need to unlock the card . The way to unlock it varies greatly from one institution to another.
Some ask for the unlock to be carried out through the bank's application , others by calling the institution.
After unlocking, you will be able to use your card normally for purchases and various transactions.
After applying for a credit card and having your application approved, you will receive the physical card at your registered address within a few days.
Upon receipt, depending on the financial institution, you will need to unlock the card . The way to unlock it varies greatly from one institution to another.
Some ask for the unlock to be carried out through the bank's application , others by calling the institution.
After unlocking, you will be able to use your card normally for purchases and various transactions.
How to use your credit card intelligently (in your favor)?
We know that credit card use is part of our daily lives, but its use must be conscious to avoid problems in the future.
That's why we've separated some tips for using your credit card intelligently , avoiding crises. See below.
We know that credit card use is part of our daily lives, but its use must be conscious to avoid problems in the future.
That's why we've separated some tips for using your credit card intelligently , avoiding crises. See below.
How to use credit card points?
Many financial institutions use the points system to maintain customer loyalty.
The score is calculated for each purchase made by the customer on their credit card, offering cashback, discounts and other services .
Not all institutions have this system, so before applying for a card at a bank, it is recommended that you research all the advantages it offers to get the best deal.
Many financial institutions use the points system to maintain customer loyalty.
The score is calculated for each purchase made by the customer on their credit card, offering cashback, discounts and other services .
Not all institutions have this system, so before applying for a card at a bank, it is recommended that you research all the advantages it offers to get the best deal.
How to use credit card miles?
The miles system is similar to credit card points, in which the customer makes purchases using their card and accumulates scores to exchange.
When you reach a high number, you can exchange your accumulated miles for airline tickets with the institution selected by the financial institution in question.
The miles system is similar to credit card points, in which the customer makes purchases using their card and accumulates scores to exchange.
When you reach a high number, you can exchange your accumulated miles for airline tickets with the institution selected by the financial institution in question.
How to use credit card travel insurance?
Some credit cards also allow you to purchase travel insurance , which covers medical expenses during a trip, insurance for flight delays or cancellations, lost luggage, among others.
The ticket must be purchased on the credit card in question for insurance validation.
However, the conditions offered are different for each institution and flag that works with this insurance.
To check if your card offers this insurance and answer other questions about it, you can check it on the website of the card brand, such as Mastercard, Visa, etc.
Create a personal boundary
Set a personal limit for using your credit card, based on an analysis of your monthly income.
Thus, you can use the established limit without going over your spending ceiling and knowing that you will be able to pay all your bills without a headache.
Check the invoice and understand the interest rates
Keep an eye on your invoice constantly , checking that the records match the purchases made by you.
Scammers can often use small purchases on the credit card, going unnoticed by the cardholder.
If you find any unauthorized charges, contact your card issuer immediately to review and resolve the issue.
In addition, it is worth understanding the use of interest rates according to purchase modalities and always seeking to negotiate more accessible conditions with your institution .
Pay off the total bill on time
It is essential that you pay attention to the due dates on your credit card bill to avoid having to pay very high interest rates charged for delay.
Set reminders on your cell phone or organize yourself in some way to remember these dates, as interest rates related to credit cards are quite expensive.
Many banks offer the option to pay your bill in installments or pay only a portion. We do not recommend this practice, as high interest will be charged on late or installment payment.
It is also interesting that you select a due date that fits with the day your salary is received , to avoid delays because of this.
Some credit cards also allow you to purchase travel insurance , which covers medical expenses during a trip, insurance for flight delays or cancellations, lost luggage, among others.
The ticket must be purchased on the credit card in question for insurance validation.
However, the conditions offered are different for each institution and flag that works with this insurance.
To check if your card offers this insurance and answer other questions about it, you can check it on the website of the card brand, such as Mastercard, Visa, etc.
Create a personal boundary
Set a personal limit for using your credit card, based on an analysis of your monthly income.
Thus, you can use the established limit without going over your spending ceiling and knowing that you will be able to pay all your bills without a headache.
Check the invoice and understand the interest rates
Keep an eye on your invoice constantly , checking that the records match the purchases made by you.
Scammers can often use small purchases on the credit card, going unnoticed by the cardholder.
If you find any unauthorized charges, contact your card issuer immediately to review and resolve the issue.
In addition, it is worth understanding the use of interest rates according to purchase modalities and always seeking to negotiate more accessible conditions with your institution .
Pay off the total bill on time
It is essential that you pay attention to the due dates on your credit card bill to avoid having to pay very high interest rates charged for delay.
Set reminders on your cell phone or organize yourself in some way to remember these dates, as interest rates related to credit cards are quite expensive.
Many banks offer the option to pay your bill in installments or pay only a portion. We do not recommend this practice, as high interest will be charged on late or installment payment.
It is also interesting that you select a due date that fits with the day your salary is received , to avoid delays because of this.
Measure your expenses
Organize your finances and remember that even if your credit card limit is high, it doesn't mean money in your account.
Make sure you only use the credit card limit you can afford , preventing your name from getting dirty in the market, as this makes it very difficult to get new credit later on.
Use best buy day
The best day to buy a credit card is the day after your bill closes . See, the closed invoice still takes about 5-10 days until due.
Purchases made the day after closing will only be charged approximately 40 days later .
Therefore, purchases made on that day are considered smarter, as it may take you a little longer to initiate payment.
Be careful with installments
Installing long-term purchases can be an excellent method of purchasing a more expensive product or service, but it can also be a risk factor .
It is important that, before making a purchase in installments, you check whether it will be interest-free, whether the amount of the installments fits within your budget and whether it is really a good idea to make the purchase in the long term .
Also, organize it along with the other installments you pay to ensure that the purchase will fit within your total income.
Beware of online shopping
Online shopping is also a point of attention, as dubious sites can steal personal data and cards, defrauding and applying scams.
Therefore, before buying online, research the brand , the store's CNPJ, company name, store service methods, address of the company's headquarters, reputation on Reclame Aqui.
In addition, it is also worth using a temporary virtual card to buy on the site, as it can be easily deleted in case of any problems.
Have only one card or diversify
Having too many cards can make it difficult to control your finances, as they have different limits, dates and invoices.
Therefore, it is interesting that you have few cards or even just one , preventing the accumulation of invoices from complicating your financial organization.
Decline cards offered by stores
Who has never been to a store and received an irresistible offer of a card that gives discounts on purchases at the establishment?
It may seem like a great deal to have a card from several different stores, but remember what we said about how difficult it is to organize yourself with so many different cards?
It is worth remembering: having many credit cards is not a financially healthy habit, so refuse these cards.
Organize your finances and remember that even if your credit card limit is high, it doesn't mean money in your account.
Make sure you only use the credit card limit you can afford , preventing your name from getting dirty in the market, as this makes it very difficult to get new credit later on.
Use best buy day
The best day to buy a credit card is the day after your bill closes . See, the closed invoice still takes about 5-10 days until due.
Purchases made the day after closing will only be charged approximately 40 days later .
Therefore, purchases made on that day are considered smarter, as it may take you a little longer to initiate payment.
Be careful with installments
Installing long-term purchases can be an excellent method of purchasing a more expensive product or service, but it can also be a risk factor .
It is important that, before making a purchase in installments, you check whether it will be interest-free, whether the amount of the installments fits within your budget and whether it is really a good idea to make the purchase in the long term .
Also, organize it along with the other installments you pay to ensure that the purchase will fit within your total income.
Beware of online shopping
Online shopping is also a point of attention, as dubious sites can steal personal data and cards, defrauding and applying scams.
Therefore, before buying online, research the brand , the store's CNPJ, company name, store service methods, address of the company's headquarters, reputation on Reclame Aqui.
In addition, it is also worth using a temporary virtual card to buy on the site, as it can be easily deleted in case of any problems.
Have only one card or diversify
Having too many cards can make it difficult to control your finances, as they have different limits, dates and invoices.
Therefore, it is interesting that you have few cards or even just one , preventing the accumulation of invoices from complicating your financial organization.
Decline cards offered by stores
Who has never been to a store and received an irresistible offer of a card that gives discounts on purchases at the establishment?
It may seem like a great deal to have a card from several different stores, but remember what we said about how difficult it is to organize yourself with so many different cards?
It is worth remembering: having many credit cards is not a financially healthy habit, so refuse these cards.
Therefore, only use these credit card withdrawals in an emergency and with the awareness that the amount of interest charged is high for these operations.
How to use prepaid credit card? It is worth it?
The prepaid credit card is a rechargeable credit card , in which the citizen recharges the amount he wants and then can use the card for cash purchases.
Generally, top-up is done by paying a bank slip , which may take a while to release the balance to use the card.
In this card, it is possible to use the same functionalities of the normal credit card , with the difference that purchases are only released if there is enough balance on the card.
To have a prepaid credit card, it is necessary to have an active CPF and it is not mandatory to have a bank account.
However, having a bank account facilitates the payment of the prepaid card by debit, so the balance is available quickly, unlike the bank slip, which can take a few days.
The prepaid card can be requested online and at some points of sale, such as department stores, among others.
This card is interesting for those who want to control expenses , as it is only possible to use the available balance from the recharge previously carried out.
There is also no annual fee on this card and, in general, it is considered more advantageous than the usual credit card .
How to use prepaid credit card? It is worth it?
The prepaid credit card is a rechargeable credit card , in which the citizen recharges the amount he wants and then can use the card for cash purchases.
Generally, top-up is done by paying a bank slip , which may take a while to release the balance to use the card.
In this card, it is possible to use the same functionalities of the normal credit card , with the difference that purchases are only released if there is enough balance on the card.
To have a prepaid credit card, it is necessary to have an active CPF and it is not mandatory to have a bank account.
However, having a bank account facilitates the payment of the prepaid card by debit, so the balance is available quickly, unlike the bank slip, which can take a few days.
The prepaid card can be requested online and at some points of sale, such as department stores, among others.
This card is interesting for those who want to control expenses , as it is only possible to use the available balance from the recharge previously carried out.
There is also no annual fee on this card and, in general, it is considered more advantageous than the usual credit card .
How to use credit card to pay bills?
It is possible to use the credit card to pay bills , although it is not something widely publicized by banking institutions.
It is worth mentioning that not all cards have this functionality , so you should check with your financial institution if this function is available.
It is also important to remember that this modality charges high fees, so it is only recommended to use it as a last resort.
Depending on the institution, it is necessary to unlock this function through an ATM or internet banking.
However, it is essential that before carrying out a procedure like this, you find out about the costs that this operation will bring in the future.
How to stop using credit card?
It is important to remember first of all that the credit card is just a form of payment like the others, however, it is necessary to use this method responsibly .
As it is a type of short-term loan, it is essential that you organize your finances to avoid indebtedness and excessive use of your credit card, which can end up being a snowball.
The first step to stop using your credit card is to make a survey of all your finances, income and expenses so that you only consume what you need .
Therefore, you must include in your survey all expenses that are mandatory in your month, in addition to credit card bills. And it all has to add up to less than your monthly income .
If these accounts do not close, you can also contact the card's financial institution and request an installment payment.
However, this option should only be used as a last resort, as interest is charged on this payment method.
It's important to know that to get out of that snowball that forms around the credit card, you need to have a lot of self-control to master these expenses and make your bills round again.
Gradually there will be money left and, as your invoice is being paid, you will be free of this modality.
All this effort depends on you, so it's worth dedicating yourself to this task to stop using your credit card and not depend on this function to be able to pay your bills, right?
To receive more financial health content and informative articles, sign up below and we'll send our weekly highlights to your email.
It is possible to use the credit card to pay bills , although it is not something widely publicized by banking institutions.
It is worth mentioning that not all cards have this functionality , so you should check with your financial institution if this function is available.
It is also important to remember that this modality charges high fees, so it is only recommended to use it as a last resort.
Depending on the institution, it is necessary to unlock this function through an ATM or internet banking.
However, it is essential that before carrying out a procedure like this, you find out about the costs that this operation will bring in the future.
How to stop using credit card?
It is important to remember first of all that the credit card is just a form of payment like the others, however, it is necessary to use this method responsibly .
As it is a type of short-term loan, it is essential that you organize your finances to avoid indebtedness and excessive use of your credit card, which can end up being a snowball.
The first step to stop using your credit card is to make a survey of all your finances, income and expenses so that you only consume what you need .
Therefore, you must include in your survey all expenses that are mandatory in your month, in addition to credit card bills. And it all has to add up to less than your monthly income .
If these accounts do not close, you can also contact the card's financial institution and request an installment payment.
However, this option should only be used as a last resort, as interest is charged on this payment method.
It's important to know that to get out of that snowball that forms around the credit card, you need to have a lot of self-control to master these expenses and make your bills round again.
Gradually there will be money left and, as your invoice is being paid, you will be free of this modality.
All this effort depends on you, so it's worth dedicating yourself to this task to stop using your credit card and not depend on this function to be able to pay your bills, right?
To receive more financial health content and informative articles, sign up below and we'll send our weekly highlights to your email.
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