As we reach the midpoint of the year, it’s a good time to revisit financial goals and build awareness around the habits that contribute to strong credit health. Whether you're learning about credit for the first time or looking to build on what you already know, small steps can go a long way in supporting long-term financial confidence.
Here are five credit health tips to explore in the second half of the year:
1. Understand What’s in Your Credit Report
Your credit report provides a detailed summary of your credit history, including accounts, payment history, and inquiries. Reviewing your report regularly can help you better understand how your credit profile is built and what lenders may see. In Canada, you can request free reports from Equifax and TransUnion once per year.
2. Keep Track of Your Payment Schedule
Consistently making payments on time is commonly referenced as a key factor in maintaining a strong credit profile. Tools like AutoPay, payment reminders, or secure digital account management platforms CardWise can help you stay on track with your payment schedule and avoid missed due dates.
Learn more about CardWise
3. Choose a Card That Aligns with Your Goals
Understanding the features of your credit card can help you make more informed financial decisions. From cashback programs to flexible reward structures and travel benefits, the right card can complement your lifestyle and provide value beyond day-to-day purchases. Some cards also offer built-in features like mobile device insurance or purchase protection.Learn more about benefits available to you here
4. Build Awareness Around Your Credit Activity
Checking your account regularly can help you understand your spending patterns, track recurring payments, and stay aware of any unexpected charges. Platforms like CardWise offer a user-friendly way to monitor your card activity and feel more in control of your financial picture.
5. Learn How Credit Works Over Time
Credit history is built over months and years, not overnight. While every person’s credit journey is different, financial literacy resources can help you better understand how everyday decisions like payment consistency, account management, and responsible credit use may contribute to your long-term credit profile.
Keep Learning, Keep Building Confidence
There’s no one-size-fits-all approach to credit health, but building awareness is an important step. By continuing to explore financial tools and credit education, you can make more informed decisions that support your goals, now and in the future.