By Justin Boyle
I traveled back to my hometown for an extended holiday this winter, and it isn't a full trip home without the whole crowd of my aunts and uncles standing in coats and hats around the brick firepit outside, drinking whiskey by the glass and jawing loudly about one thing or another deep into the darkness of the early morning.
One of my uncles has long been the butt of jokes among his siblings for some hilariously bad mistakes he'd made with money in his 20s. This year, though, he put the fun on ice -- he'd been smarter than ever with his money over the last several years and things had really turned around.
Hang on, he said amid chuckles of disbelief, look at this. He then reached into an inside pocket of his jacket and pulled out a stack of envelopes.
"Look," he said, "they're trying to give me platinum cards!"
If you've been doing all the right things with your own credit cards -- keeping tabs on your credit score, paying your bills on time, staying well below your limit, and so on -- then sooner or later you'll also find yourself with better credit than you've ever had. Here are some tips to help you hang on to it once you get there.
1. Resist new credit opportunities
As you might expect, the best credit card reward programs and low interest credit cards are often reserved for customers with credit ratings that prove them to be an acceptable lending risk. So once your credit gets into shape, you're likely to start getting some tantalizing offers.Read the full article »