Yeah I know, you have heard all there is to know about credit cards and you are not really interested. The thing is you shouldn’t just listen to the negative hype before making up your mind about getting a credit card. Sure there are a lot of people who have gotten into debt because of credit cards, but that isn’t the cards fault. These people just do not know how to manage their finance or didn’t realize that they had to pay back any money borrowed via the credit card.
That’s right, every time you use the credit card you are virtually taking out a small loan, and that is money that has to re-paid. If you take this into account and use the credit card wisely it is the most useful piece of plastic you will ever come across. It means you don’t have to carry a wad of cash around with you wherever you go. It also allows you to make online purchases as well as enabling you to purchase items and pay bills that just pop up out of nowhere. Just keep in mind not to spend more than you can afford and you will never get into trouble.
With a credit card you can also a Free Credit Report and having one of these handy can save you money when you apply for a loan as, lenders use your credit report to decide whether to make you an offer of credit and if so what level of interest. Also 0% Credit Cards are great for those who pay any purchases off within the required time period as they then pay no interest at all. In this way you have all the benefits and none of the drawbacks.
