Credit Cards, the easiest way of availing credit.
We can use them for cashless purchase and are very convenient to use most especially if you are a shopping addict.
Personally, credit cards are my friends because I know how to discipline myself on using them. I already received a lot of credit card offers and currently I have four of them but only two are in use.
Here are the advantages of having a credit card for me:
Cashless Transaction. You don't have to bring much money when buying expensive things.
Float Advantage. This refers to the time it takes the credit card company to bill you for the purchases you made. You can practically purchase without money and you give yourself enough time to earn that money to pay off that purchase. So there's no urgency to pay off quickly.
Reward Points. A lot of credit cards have these where you can accumulate points for every purchase you make and later on exchange them to freebies like appliances, gift checks, and even free vacation trips abroad!
Huge Discounts. Credit card companies offer huge discounts with their partner establishments. Some even entitles you to a free meal if you met the minimum purchase.
Credit Cards are not only for personal use but also for business use. And that is why there are so-called business credit cards. But how do we compare which one best suits our needs?
You may be asking:
Which one provides the lowest interest rate?
Are there annual fees?
Are there any cashback bonuses?
Do they have partner establishments? If so, which are they and how much discount can I get?
Truly, credit cards are friends that is a must for convenience. If you have a good credit standing, it will be a good basis for you to avail bigger loans like housing or car loans. A good credit standing means higher chances to get your loans approved. However, if you did not maintain your discipline, it can become your worst enemies and may become a quick sand that will swallow all your finances and you'll end up paying for it for the rest of your life.
2 comments:
koreekkk!!!!
Unfortunately, discipline becomes a stranger when the card slips out so easily from the wallet. That's what happened to me and I hope discipline becomes a friend next time I decide to get one.
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