Some people would not ever use a credit card; they even consider them evil. A past bad experience with credit cards may be an excuse for not wanting to use them again. If they got into heavy debt they wouldn’t want a repeat experience.
They may have had parents who strongly taught against credit card use, perhaps after having a bad experience themselves, or they may just see no need for credit cards and the mess that goes with them.
There are also people who are on the other side in this discussion and most of the room in their wallet is taken by dozens of credit cards. Very few people with multiple credit cards used frequently actually pay off their balance every month and this means that they are borrowing money on a very high interest rate.
Have you forgotten what a dollar bill looks like because you charge so many things, or do you avoid using credit like the plague?. Probably, you are reading this article because you are somewhere in the middle or perhaps you do not have a credit card, but you are thinking of applying for one.
The type of personality you have and the financial ability you espouse. If everyone could say they managed their money perfectly, it would be good, but that however, is not the case.
If you have trouble budgeting your money, getting a credit card should not be your top priority, because you have to be ready for credit. If you are on a monthly budget, putting away money into savings every month, paying all your bills on time and buying only what you need, it may be easy for you to handle credit. If it has been possible for you to stay away from being in debt, a credit card may work for you, but first think about exactly why you want a credit card in the first place.
Is it because you want to borrow money to buy what you want because you can’t afford the life you want to live?. If this is the case, you should seriously reconsider your finances and you should NOT get a credit card.
If you just want a card to swipe and then go on when you are shopping, it is just as easy to use a debit card from the bank the same way. They will often ask you debit or credit, and if you choose credit you can sign and go just as with a credit card.
If you are confident you can always pay off your balance in full every month, getting a card for gas reward credit card might work out. If you get this type of credit card, it will be worth it only if you pay off the balance each month, otherwise the amount you should receive from the reward points will be canceled out by the added interest charges.
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