Why Having Credit is King
With so many credit card options on the market, it may be hard to sort through all the incentives and promotions. Many companies offer rewards programs from free flights, to free vacations and discounts on other goods and services. This little plastic card provides convenience and if managed correctly, can help build good credit history.
Credit card companies are quick to mention their benefits but not so forthcoming to disclose their late fees and interest rates. It is up to the consumer to read through reviews and decide which company best suits their needs. Regardless of which credit cards perks are right for you, it is important to know how to earn those points.
Every card is different so making sure you understand how the card works will allow you to get the most out of the card. One of the most important things to consider before you choose a credit card company is to think about what type of user you are. Those who use credit cards based on convince and pay their bill in full do not need to worry about interest rates. For those that run a balance even once in a while, you should be focused on interest rate. This type of user should consider a secured credit card that will not let you overspend or run up high charges.
Once you get used to using this type of card, you can move toward the more traditional credit card. For a new user, you might want a relatively low balance. Having too much credit can tempt you to overspend, especially if you are not used to charging credit cards. If you are one of the few who pays your credit card balance in full and on time, your options are unlimited!