Some people would not ever use a credit card; they even consider them evil. Part of the reason why someone may not like to use a credit card could be because of having had a bad experience in the past. If they got into heavy debt they wouldn’t want a repeat experience.Â
They may have had it drilled into their head not to have a credit card from their parents who have experienced the woes of credit cards, or they may just see no need for them and would rather avoid the mess altogether.
There are also people who are on the other side in this discussion and most of the room in their wallet is taken by dozens of credit cards. Very few people with multiple credit cards used frequently actually pay off their balance every month and this means that they are borrowing money on a very high interest rate.  Â
Do you avoid credit cards like the plague, or do you charge so often you forget what shade of green a dollar bill is?. The fact that you are reading this article could mean that if you do not now have a credit card, you are thinking of getting one or you are somewhere in the middle.    Â
The type of personality you have and the financial ability you espouse. If everyone could say they managed their money perfectly, it would be good, but that however, is not the case.
If budgeting your finances is troubling for you, your first priority should not be to get a credit card, because maybe you are not ready for credit. It could be easy to handle credit if you are staying on a monthly budget, paying all your bills on time, putting money into savings each month and purchasing only what is needed. If you have been able to stay away from putting yourself in debt, a credit card might be okay, but first think about why you want a credit card in the first place.
Is it because you can’t afford the life you want to live and want to borrow money to buy what you want?. If this is the case, you should NOT get a credit card and you need to seriously reconsider your financial situation.       Â
It is just as easy to take a debit card from your bank and swipe it when shopping, if that is your reason for getting a credit card. They will often ask you debit or credit, and if you choose credit you can sign and go just as with a credit card.
A credit card which earns you reward points may work for you if you are confident you can pay off your balance every month, such as a gas reward credit card. These cards will only be worthwhile if you always pay off your balance, or else you’d be canceling out the amount you receive from the rewards and still owe more in interest charges.