A credit card can be a valuable financial tool if you know how to use it properly. Here are three tips to help you get the most out of your credit card!
Stay under 30% of your total credit limit. An effective way to maintain a healthy credit score is to keep your credit utilization ratio under 30%. This is the percentage of total available credit that you’re using. For example, if your limit is $1,000 you should keep your balance under $300.
Use your credit card as a budgeting tool. If you are confident as a responsible credit card user, try using it as a budgeting tool. By making all of your purchases with your credit card, you will know exactly how much you’ve spent at the end of the month. To make sure your credit card spending doesn’t get out of control, never charge more to your card than what you have in your accounts.
Take advantage of your rewards. If you are using a credit card for most of your purchases, it makes sense to use a card that offers rewards. With your SeaComm VISA® Platinum, you earn one point for each $1 you charge with the ScoreCard Rewards Program. Use your points to purchase movie and live event tickets, quality merchandise, or airline and travel services. You can even redeem your points for cash back! Click here to learn more.
As a SeaComm member, you might already be pre-approved for a SeaComm VISA® Platinum through our loan pre-approval program, LoanEngine™. This new program allows you to view and accept loan offers without having to come into a branch or fill out an application! If you qualify for a pre-approved offer, you will be presented with it through our SeaComm Mobile 4.0 app or NetTeller™ in the “My Offers” tab, via email, and/or a letter through the mail.
You have the ability to accept offers immediately by following the prompts, or by calling into our call center at (800) 764-0566. Click here to login to your NetTeller™ to view your current offers! If you don’t have any offers at this time, be sure to check back every 60 days.