Smart Credit Rules Millennials Should Follow

Millennials can build a good credit score if they monitor their credit behaviour. Here are some smart rules to follow.

Pay dues on time

The most important mantra for an excellent credit score is to pay your bill by the due date and to avoid defaulting on your loans.

Minimising credit use

Keep a healthy credit score by not spending over your credit limit. Keep your credit usage within reasonable limits.

Review your credit score regularly

Keep an eye on your credit score and always maintain it. If it falls, take corrective action immediately.

Borrow what you can repay

When taking loans, check the fees and interest rates. The EMI should not burn a hole in your pocket.

Do not close old credit cards

Provided you use credit cards responsibly, having multiple credit cards is beneficial as you enjoy a higher limit. 

Take advantage of Metra Trust Credit Cards designed for the millennial lifestyle!