What's the good in credit cards?

Buy everything with benefits like purchase protection and extended warranty, get reward points, fly for free, pay it off every month, helps for credit and in emergencies.

If you have open credit cards, with all the balances paid, and no annual fees, they're really great at padding your FICO score. In case you feel like buying a house.

Makes lots of investors - money.

You can buy stuff, and pay later. What you want to do, is to pay the full bill every month. That way you can "float" the money for another month and earn interest on it. Plus the credit card companies will give you a rebate or cash discount sometimes on your purchases.

It is a way to have access to money in case an emergency came up and you couldn't get the cash in time. You can get discounts, float the payment and earn a little extra interest..

The first benefit that comes with credit cards is absence of cash. No need to carry wallets stuffed up with cash, carry plastic instead. It is possible to shop with them, buy services, pay for dinner, buy things online or even withdraw cash from banks ATM's. The modern day security methods implemented with credit cards make them one of the most secure methods of carrying financial transaction. Coupled with fraud protection, insurance benefits and various other value adds they offer better service. The reward programs and tie-ups with specialty stores provide lots of savings while you spend with your credit card. Some companies even offer cashback. It means you can get some percentage of cash back when you spend a certain amount with the credit card.

Judicious use of credit card helps in building the credit history of a person. The way you repay your credit card debt, is reflected in your credit report and will help you get good loans at better terms in future.

With all these benefits, credit cards are not without certain drawbacks. These drawbacks do not come by default with any credit card, but improper use of any credit card can cause a lot of financial difficulties. Basically, credit card allows you to pay for things even when you don't have any money. It is a kind of credit which has to be repaid with interest. The credit card issuer gives you this credit limit based on your credit history. So, all the money a person spends with a credit card is basically a loan. Problem occur when the repayment of this loan is delayed, missed, or defaulted. This incurs a penalty, late payment charges, and increased interest rates. Continuous defaults on this front can lead to large volumes of credit card debt, which will can have serious effect on a person's credit history. Some people think that credit cards are good means to withdraw cash from ATM's when needed. This is a very wrong assumption and is the major cause of credit card debt. The credit card companies charge huge interest rates when a person withdraws cash using credit cards. They also charge some penalty for this. Apply online for a best credit card at: http://www.credit-card-gallery.com

you might want to go here to compare them, pick one that is right for u
http://www.bestcreditrates.net

They are good for building your credit if nothing else. Of course if you can afford to pay cash for everything, by all means...

It all depends on how you use them they are good to builds credit www.fastcreditcardapprovals.com has all major credit cards with rewards because if you are smart and have dicipline you are able to make some money with credit cards example use them for every purchase and you will get cash back,. but keep in mind you have to make the full payment at the end of the month.

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