Plastic Cards
Some intentionally avoid owning a credit card. Just like my dad, who never in his entire 63 years of existence ever tried applying for one and never did he accept credit card offers for the simple reason that he has this “pride” of not wanting to incur any “debts”. He always pays upfront with cash. Well, credit cards are not actually bad and it’s up to a person on how he will manage it and how will will he keep himself from suffering the bad effects or disadvantages.
I maintain 3 active credit cards myself. I filed for credit card applications because of the following advantages in mind: security in emergencies, reduced need to carry cash or checks and enhanced personal responsibility and independence. It also helps you build a positive credit history which you can use in future financial applications like bigger loans for a house, car, etc. Credit cards nowadays also offer rewards and rebates for every purchase. There’s even one that enables you to collect “miles” points which when accumulated in heaps will entitle one to fly in certain destinations for free. So far, owning a credit card works for me and I do not have any problems with it and so if ever, I’ll apply for a new one, I don’t need any credit cards for bad credit because of my credit good standing.
However, as I’ve mentioned, a credit card is not for everyone. Before applying for a credit card, one must ask himself if there’s really a need for one and he can realistically afford the repayments. Also, there are several types of credit cards to choose from. Good options like low interest credit cards, balance transfer credit cards, gas credit cards, rewards credit cards and a whole lot more. There are also credit cards for people with bad credit for those who have encountered difficulty in maintaining their credit cards. Depending which type suits one’s needs, it would be helpful to do a study or comparison first before deciding and passing that application form.
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