Different myths have emerged around credit cards and some people are still reluctant to apply for them. But is it totally bad to get credit cards? Well, no. It really depends on the financial education you have. And if you know how to use them you can take advantage of it. Know the reasons to use your credit card .
You build your credit history
A credit card is a good way to start your credit history. You can start with a departmental card with a not very high credit line. Make consumptions and always pay on time, that way you will have a good reputation before the credit bureau.
By using money through cards, more secure transactions can be made. Why? Because you avoid making counterfeit money by not knowing how to identify the original when they give you the change.
Also because you reduce the risks of cash theft by walking with high amounts in the portfolio. When you have credit cards, if they get to steal your wallet, then just call the bank to block or cancel your card and voila, money safe!
Benefit of months without interest
Not all cards offer this benefit, so compare well before accepting a line of credit . Thanks to the months without interest you can buy products paying in installments their total value, without adhering to the bank. Great right?
You know where and what you spend
When you only handle cash, you are not sure what you spent all the money on, with a credit card it is not like that since you will always know when, where and what you spend your money on. You can even restrict your consumption so as not to exceed what you can pay each month.
You can have a larger line of credit
When you get a good payment behavior you can access benefits such as expanding your credit line or even access to fast loans.
Having credit cards is not bad. It is a matter of knowing how to use them, of being good payers and of choosing the card that suits us. Having a good payment behavior, thanks to credit cards , opens many doors, such as accessing a vehicle credit or a mortgage loan in the future.