Credit Card Basics

Credit Card Basics: Smart Tips for Getting Started (And Why the BILT Card Might Be the Best First Step)

Let’s get one thing straight before we talk about points, cashback, or fancy rewards: the number one rule of credit cards is this—do not get a credit card because you’ve run out of money.

Credit cards are not emergency funds or extra cash lying around. They are high-interest loans in disguise, and if you spend money you don’t have, you’ll find yourself in a deep hole that’s incredibly hard to climb out of. Trust us—interest rates on credit cards can climb into the 20%+ range, and debt can snowball fast.

So why even get a credit card?

When used responsibly, credit cards can actually work in your favor. They help build your credit score, offer fraud protection, and, yes, reward you with points or cashback for the purchases you were already going to make. But the key is to only spend what you already have in your bank account.

Don’t Chase the Points — Let Them Come to You

Another common mistake? Spending money just because you’ll get points back. That’s a trap. A $300 flight isn’t “free” if you had to spend $10,000 on things you didn’t need just to get it. The best way to earn points is by using your card on life’s necessary expenses—the stuff you’re already paying for anyway.

That’s where a card like the BILT Mastercard® (issued by Wells Fargo) really shines.

Why the BILT Card Is the Perfect Starter Card

Here’s the deal: the BILT card lets you earn rewards on rent—without paying any fees or interest. That’s a game-changer. Rent is one of the biggest monthly expenses for most people, and with BILT, you can finally earn something back from it. No gimmicks. No extra charges.

But that’s just the beginning:

• 1x points on rent payments (up to 100,000 points per year)

• 2x points on all bills charged to the first of the month

• 2x on travel

• 3x points on dining out

• $0 annual fee

• Access to top-tier transfer partners like Hyatt, American Airlines, and more

This is one of the only no-annual-fee cards that offers meaningful points on real-life spending. And when used correctly, it can open the door to free flights, hotel stays, and other travel perks—without you spending a dime more than you were already going to.

The Best Way to Start Your Credit Card Journey

If you’re new to credit cards and want something safe, simple, and rewarding, I’d recommend the BILT card without hesitation. It’s a great way to learn the basics of how credit cards work and how to start racking up travel points with zero risk of annual fees.

Need a little help setting it all up? We offer a quick 30-minute session with one of our credit card experts. You’ll learn how to get the most out of your BILT card and set yourself up for long-term rewards success.

Ready to start earning points on your rent and bills? Sign up for the BILT card here.