In Part 1 on how to be a successful credit card owner, we covered the importance of using credit cards like cash and making automatic payments. Now, let’s check out two more great ways to ensure that you are a successful credit card owner. These are not only just great tips; they are also obvious advantages to using credit cards wisely.

#1 – No need to worry about interest rates: One of the great things about credit cards is that if you pay off your balance in full each month, your interest rate won’t matter. This is perfect if you don’t have the best credit to begin with.

#2 –Credit card perks outweigh APR costs (usually) – Depending on the kind of card you have, the perks you receive for using your card responsibly throughout the year outweigh the annual rate cost.

Now that you know the additional benefits of owning a credit card, as well as the advantages to handling one successfully, you can apply for your next card wisely. Make sure that the benefits outweigh the cost.