How to handle your credit cards and improve your score in a few steps

Paying your credit cards correctly not only prevents interest and problems but can also be your best ally in building a solid history and achieving financial goals. In this article, we teach you the keys to optimizing your card management and how to use important dates to boost your credit score.

1. Key Dates for Credit Card Management

Knowing when and how to make your payments is fundamental. These are the two dates you need to identify:

• Monthly payment date: This is the day you must make at least the minimum payment to avoid late charges. A common example is the 28th of each month. Make sure not to be late, as this directly affects your credit history.
• Statement closing date: This is the day when the bank closes your statement and reports your balance to credit bureaus, for example, the 3rd of each month.

2. Strategy to Optimize Your Credit Score

After paying the minimum amount on the payment date, make a strategic second payment:
👉 Between 70% and 90% of the total balance, three days before the closing date.
Why? Because the bank will report reduced credit usage, ideally less than 30%, which is viewed as healthy by credit bureaus.

3. Practical Tips for Maintaining a Good Credit History

• 📅 Set up reminders: Use phone alarms to remember your key dates.
• 💳 Pay more than the minimum: If possible, pay more than the required minimum to avoid accumulated interest.
• 🔄 Automate your payments: Set up automatic payments for peace of mind and to avoid delays.

Managing your credit cards doesn't have to be complicated. With some organization and strategy, you can avoid problems and work toward a better credit score, opening the door to more financial opportunities.

Need personalized help?

At Oplaics, we're here to guide you every step of the way and help you achieve your financial goals. Contact us today and let's start building your financial success!