Chances are, managing your credit will be an important part of your finances. Here’s what you need to know about getting the most out of your credit situation.

Unless you have a checking account with a huge sum of money, somewhere along the line you’re going to need access to a line of credit. Most people take out a mortgage for their home and have a loan on their vehicle. Those are forms of good credit. Credit cards, on the other hand, if not used correctly, can pile on a lot of debt quickly. Luckily, there are many ways to pay down your credit card debt and reduce the amount of interest you accrue monthly.

1. Choose the Right Credit Cards

There are a lot of credit cards offered through a wide range of banks and credit unions. It’s important to select cards that work best for you. For instance, if you have a lot of credit card debt and you are unable to pay the debt off quickly, you could apply for a card with a lower interest rate or one with 0% interest for an introductory period ranging from 6 up to 15 months.

Many of these cards also allow you to transfer balances from your existing cards. By doing this, you’ll stop the accruing interest temporarily, giving you months, if not over a year, to pay off the debt without any added fees. The good news is that you can gather information about various cards without the need for searching on your own. Companies like Credit Soup have a list of cards with their interest rates and benefits, allowing you to choose the right one.

2. Lower Your Credit Card Debt

Ultimately, your goal should include lowering your credit card debt. In order to do this, you need to stop using your cards for daily purchases. A credit card should never become something you need in order to make ends meet. If you constantly use them as a way of paying for gas, food and other essentials and then carry the balance, you are living above your means.

Instead, give yourself a weekly amount of spending money, an allowance that you can use for whatever you want. When the money is gone, it’s gone, you cannot use a card or your bank to pay to cover the wanted purchases.