Credit Card Tips for New Users


When it comes to smart spending, credit cards can serve as a useful tool for making everyday purchases, building your credit, and learning the basics of financial responsibility. However, credit cards can also be complicated, and it’s important to understand all that comes with being a credit card user — interest rates, due dates, cash advance fees, late fees, and more. Responsible credit card use can serve as a huge benefit in the long run, and when you’re paying your balance on time every month, you’ll start noticing an increase in your credit score.


Here are a few things to keep in mind as you responsibly use your Polam VISA credit card:


  • Get to know your overall spending habits.  Some people use a credit card for everyday spending on things like groceries, gas, dining out or ordering takeout, or other non-essential expenditures. On the other hand, there are some who apply for a credit card for it to be used only in an emergency. If you know you have your spending under control, it’s a good idea to use your credit card for everyday purchases, as long as you remember to pay off the balance each month on time. If you’re unsure and feel more comfortable using your VISA debit card for everyday purchases, having a credit card in case of an emergency is a smart decision.


  • Find out your interest rate.  If you don’t know the percentage of interest on your card, find out — you don’t want to be blindsided when your first bill arrives. Your interest rate can depend on a number of factors, including and most notably your credit score — so make sure you pay your bill on time every month to avoid an overly high rate.


  • Understand all the benefits that come with having a Polam VISA credit card.  You’ve applied for your VISA credit card and got approved — now what? Polam’s UChoose Rewards program is an exclusive credit union benefit for our members, and when you use your credit card, every purchase you make earns you rewards points. These points can be redeemed for gift cards through hundreds of popular retailers, as well as travel opportunities (such as airfare, hotel, and car rentals). Our VISA credit card also features no cash advance fees, competitive interest rates, and you can manage your accounts and bill pay through our online and mobile banking services. Visit one of our branches to learn more about applying.