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Signs you're using the wrong credit card

Posted at 8:07 PM, Jul 01, 2020
and last updated 2020-07-01 22:07:34-04

There are hundreds of options out there when it comes to selecting a credit card and it's important to make sure you're using the right one for you.

Here are some signs that you may be using the wrong credit card from our friends at Cyprus Credit Union.

Only get rewards cards if you're using the rewards

If your rewards keep piling up and you're not making active plans to use them, like saving air miles for a vacation, this may be a sign that your card isn't the right one for you.

Make sure you're getting the value you deserve

Sometimes a card can seem like such a great deal that you don't even think about how it fits into your current routine.

For example, while getting cash back every time you go to a restaurant is great, if you are only going out to eat every couple of times a month, you may not be getting the full value.

When selecting a card, take your own lifestyle into account and choose one that most closely aligns with your current spending habits.

Updating older cards

While it's important to not close cards that will affect your credit, you should update cards that no longer benefit your life.

The card you selected 10+ years ago may have been a great option at the time, but it may not be anymore.

Examine how your life has changed since you got that starter card and see if there is something that will work better for you now.

Reevaluating when your credit gets better

If you first got your card when you had bad credit, it may not be the best option for you anymore.

People with bad credit tend to have higher interest rates and have to pay additional fees.

Once your credit score improves, looking into an option with a lower interest rate may help you save a little money while still working on your credit.

For more money-saving advice, go to