Redstone Federal Credit Union

6 | r e d f c u.o r g Ready to make the big leap into the land of credit? Credit cards offer great ways to earn points and rewards, get peace of mind in emergencies, and build your credit history. But, some credit cards can also come with surprise fees, high interest rates, and a scary cycle of debt. Do your homework and in no time, you'll be spending with confidence. 1. Look for a card with good benefits. Compare offers such as cash back and travel rewards to see what makes the most sense for your spending habits. Student and secured cards are also good options for first-time cardholders. 2. Read the fine print. Make sure you understand what the terms and conditions are before you apply, especially regarding features like fees and payment schedules. 3. Pay off your entire bill every month. It's simple. When you pay off your balance every month, you'll avoid paying any interest and going into debt. 1. Pay a fee for your card. Credit cards with annual fees aren't necessarily a bad idea, as they often come with many perks. But at this stage in your life, basic is better. 2. Spend more than 30% of your credit limit. Consider this: You have a $1,000 limit. Try and keep your balance below $300 at any given time. is is a good habit to form and one that also helps protect your credit score. 3. Apply for multiple cards at once. Opening several credit applications over a short time will reflect poorly on your credit score. Do your research and apply for the one card you really want. You can now safeguard and monitor your Redstone credit card activity. It's easy to create customized notifications with Credit Card Control to monitor credit card activity and receive immediate updates. • Turn your card on and off • Decide where, when, and how it can be used • Receive account information • Set up alerts Now available in online banking or through the mobile app.* Select Credit Card Info > Account Services > Credit Card Control. en, follow the prompts to customize notifications about your credit card activity. Receive real-time email notifications, and coming soon, text notifications too. *Must have online banking and/or mobile banking, and PIN/password to access Credit Card Control. Standard wireless carrier text message and/or data rates and fees may apply; check with your carrier for more information. Must have compatible mobile device to use service. Certain functions of the service may not be available for all transactions or at all times. Controls and alerts based on the location of mobile device or location of merchant may not apply appropriately in some transactions and in some card-not-present transactions. GETTING YOUR FIRST CREDIT CARD CREDIT CARD SECURITY IN YOUR HANDS The Do's and Don'ts Do: Don't:

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