The Federal Reserve recently issued its ‘5 Tips for Getting the Most from Your Credit Card”

The Federal Reserve, an independent government agency known more in the past few months for its efforts in bailing out ailing financial institutions, also has a consumer component which aims to inform and educate.

Its ‘5 Tips’ list, released in July, gives advice on how to more effectively manage credit card use, including making timely payments.

Five Tips:

1. Pay on time.
2. Stay below your credit limit.
3. Avoid unnecessary fees.
4. Pay more than the minimum payment.
5. Watch for changes in the terms of your account.

See the full list and details here.