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The new year brings new opportunities to reap the rewards of smart credit card spending. Whether you’re aiming to earn some extra airline miles, score some free nights at your favorite hotel chain or see some cash back land in your checking account, the first step toward those benefits is making sure that you’re hitting a home run with your credit score. Here are five simple tasks to help you gauge the health of your credit and improve it for a successful 2017.

1. Check your score

If you’re like the majority of Americans, you lack one essential piece of knowledge: your FICO score. A 2015 LendingTree survey revealed that nearly 60% of American adults are clueless when it comes to their credit scores. If you’re in this category, the beginning of 2017 is the time to empower yourself with knowledge. Discover will let everyone — even if they aren’t customers — check their credit scores for free.

2. Give yourself a personal assessment

Take the time to ensure you’re effectively managing payments and avoiding carrying a balance. Image courtesy of triloks via Getty Images.

Credit agencies offer a well-rounded perspective of how outsiders see you, but it’s equally important to look inside yourself. Think about your personal spending habits. Have you been making minimum payments? Carrying a big balance from month to month? Simply put, would your mother be disappointed in you? Be honest with yourself about how you’re managing your money. Make 2017 the year you rein in expenses to avoid paying any unnecessary late fees or interest charges.

3. Get organized

You don’t have to rely solely on yourself to manage your money. Log in to your online banking folder to browse the free tools that can help you stay on track toward financial fitness in 2017. Set up payment reminders, or enroll in auto pay. Since your payment history makes up approximately 35% of your credit score, being on time should be at the top of your list.

4. Review your current card portfolio

There are some fantastic low-fee cards to get this year.
Make sure the cards in your wallet are the best picks for you.

In most cases, I do not advocate closing any of your credit cards. If you’re in good standing with each of them, they all help strengthen your credit history. However, there are some occasions when it might make sense to close a credit card. For example, if you used to travel all the time for work, a hotel-branded credit card may have helped you score some free vacations. If you’ve switched jobs and stay at home most of the year, you may not be able to justify the card’s annual fee anymore. However, be sure to take these five important steps before you close a credit card.

5. Consider requesting a credit limit increase

If your assessment reveals that you’re doing an A+ job with your money, take a look to see when your bank last increased your credit. A higher credit limit will strengthen your credit utilization ratio and your overall credit score. However, note that asking for an increase may trigger a hard pull on your credit report, which could lead to a short-term dip in your score.

Thinking about opening a new credit card in the new year? Check out the top travel reward credit card offers for January 2017.

Featured image courtesy of AndreyPopov via Getty Images.

The Business Platinum® Card from American Express OPEN

LIMITED TIME OFFER. Aside from the 100,000 points welcome bonus (available until 8/8/18), Amex recently made huge improvements to the Business Platinum Card, including the fact that you will now earn 50% more points on purchases of $5,000 or more, earn 5x on flights and eligible hotels at and cardholders will receive a $200 airline fee credit each year.

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More Things to Know
  • Limited Time Offer: Earn up to 100,000 Membership Rewards® Points.
  • Earn 50,000 Membership Rewards® points after you spend $10,000 & an extra 50,000 points after you spend an additional $15,000 all on qualifying purchases within your first 3 months of Card Membership. Offer ends 8/8/18.†
  • Get 5X Membership Rewards® points on flights and prepaid hotels on
  • Get 50% more Membership Rewards® points. That's 1.5 points per dollar, on each eligible purchase of $5,000 or more. You can get up to 1 million additional points per year.
  • 35% Airline Bonus: Use Membership Rewards® Pay with Points for all or part of a flight with your selected qualifying airline, and you can get 35% of the points back, up to 500,000 bonus points per calendar year.
  • You can also receive 35% points back on all First and Business class flights, with all airlines available through American Express Travel.
  • You can enjoy access to The American Express Global Lounge Collection℠ offering access to the most lounges across the globe, when compared with other U.S. credit card offerings. As of 11/2017
  • Terms Apply
  • See Rates & Fees
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Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.