Friday, January 1, 2010
Credit Cards are valuable when used wisely. You may be required to have a credit card when making hotel reservations or renting a vehicle. Having a credit card also makes it convenient to order products online. I live out in the middle of nowhere, so I'd be lost if I couldn't shop online! This convenience also comes with the responsibility of keeping track of your finances, so it's important to compare credit cards before deciding which one to use. Some cards offer rewards such as cash back or airline miles, while others are designed for businesses or students.
Don't let bad credit prevent you from having a credit card. There are cards available for people with bad credit, and if you're worried about spending beyond your means, there are prepaid cards that prevent you from spending more than you have. Prepaid cards are perfect when you need instant approval without a credit check. It's impossible to overspend, because your transaction will not go through if you try to use it for more than you have deposited. Find the best credit cards for your situation, and please use them responsibly.