Credit Cards?

I watched Oprah show about Credit Cards effect on some people. It is different on every people, it really depends on how they view a credit card and if they are wise enough to use it. As to me, I found it useful especially when I need some funds in an emergency. I can return the money I drew from it the next month before it's due, that way I don't have to pay the interest.

I have applied for credit card before to use it for travelling but to no avail. Lastly I have to use my own money that is cash for travelling. I don't know why they dissapprove my application but since it is then I take it.

Hi!redeemgurl. For me, it's good to have a credit card. Credit card is very convenient to use. There's no need to bring cash with you when shopping. It will also help you on those times that you run out of cash and for emergencies as well. If ever you decided to get one, just apply and maintain only one credit card. If you have many, the tendency is you might overspend unless of course, if you have a lot of self control and discipline to resist the temptation of overspending and impulse buying. Have a nice day!

It's a good choice that you decided not to acquire a credit card if you believe you are not financially stable. Having a credit card can really be tempting and you might get into trouble if you're not responsible enough to maintain it. Credit cards are for emergency purposes only and that is if you really ran out of cash. Rule of thumb in getting a credit card is that you should be responsible enough to pay your credit once you have extra cash to avoid debt.

There are nothing related to worth it or not worth it to use credit card since you don't need to pay anything to apply for a credit card. Having credit card actually have it advantage if you know how to use it in a proper way and the most important is that you must have very strong self control and good discipline. Or else you will definitely bring your self into a deep mud once your have overspend and cannot afford to pay off the debt. For me, credit card is very convenience that I do not need to bring a huge sum of money along. So, for me it is good to have a credit card.

In my opinion from my own experience they can be good to keep around for emergenices such as if your car breaks down. Or if your bank account goes under zero a linked card can provide overdraft protection. Otherwise I say try to avoid credit cards if you can. I know they can be tempting especially when you are in need of money, but they have a way of drawing you in. It can easily become a crutch if you know what I mean. If you do decide to get one make sure you do a little research first. You want one that has a low interest rate, and preferably no annual fees. Also, look for one that limits your credit to a certain amount. Why?.. I say this because when you see you have a 2500 dollar limit instead of say a 500 dollar limit it becomes so easy to want to use that money :)

When deciding to get a credit card, the first thing a person should decide is just exactly what do they want the credit card for. There are many different types of credit cards and the correct choice for an individual should be based on what they want the credit card to do. Many people who have gotten into trouble with credit cards did so partly because they chose the wrong type of credit card. If you are trying to establish credit only, then the easiest and sometimes safest way is with a store or gas station credit card. They are often easier to get than a major bank credit card and are generally only good at the particular chain of stores or gas stations. This can help people to not overspend. However, if used wisely they can establish a good credit rating. If you are needing a nationally recognized credit card for car rentals or to take care of emergencies then a secured credit card can be a good way to start. A deposit is made with the credit card company or bank which gives you a credit limit up to that amount. This type of card will also establish credit. Your local banker is a good place to start. They should be willing to explain the options available to you and help you choose the method of establishing credit that fits your particular situation. You can also search the internet for 'credit cards for people with no credit' and 23,500,000 pages come up. That is more than enough information to find the right one. Credit is only a tool. It can be used wisely or handled poorly. If handled correctly you can wind up with a good credit rating, a card that pays you back cash each month, no annual fee and no interest if you pay it in full each month. If handled poorly a person can wind up with a poor credit rating and debts that they will be paying on forever. Just do your homework. It can be confusing but it is worth the time, in the long run.

It really depends on the type of person you are, if you know ur not going to be spend-hungry, why not get one for the ease? If your some1 hu wud spend money like its water dat needs to flow, then obviously you shouldn't get any credit cards, you didn't tell us how you operate in life so we can't help you make your decisions right??

Hmm... I don't quite understand what it means to 'build credit'. For me, personally, I still prefer to spend only if I have money to spend. I generally do now want to spend money that I don't have yet. Who knows, what if something happens and I don't get that money I'm expecting? Or what if something comes up and I am forced to spend the money elsewhere. But that's just me. I understand that for some people, credit cards can be a help. But I think they have to make sure that they are able to exercise enough discipline when using these credit cards. =P Do not overspend. Do not let credit cards give you a false sense of security. Always think whether you will be able to cover the charges in time. And when it comes time to pay, pay right and on time. Do not delay as much as possible.

Simply, keep in mind these 6 points: 1. If you are not financially stable, avoid credit cards. 2. If you have a good monthly/weekly income, and it is stable, then think thrice about credit card, its requirements, and pros & cons... If you really feel need of it, then apply for one. 3. If you feel weight of paper money, use debit cards. (avoid credit cards) 4. If you have credit cards, think thrice before use it. 5. If you really buy on credit, fund your card/bank as soon as possible. 6. Never use credit cards in suspected places/websites/situations (e.g: nearby peoples/friends/surveillance cameras). Hope this really helps! Have a nice day!