This blog post will explain the reasons why you should have a credit card. Credit cards can have some big positives, but they can also be bad. This blog post will hopefully help you decide if you should get one. I will be doing another blog post on what credit cards are the best and what ones you should stay away from.

Rewards

If you use a credit card wisely, you can rack up rewards like cash back or points that can be used for travel. This is a great way to save money or get some extra perks.

Build Credit Rating

If you use a credit card and make your payments on time, you can build up your credit score. This can help you qualify for loans or get better interest rates in the future.

Improve Financial Management Skills

Using a credit card can help you learn how to manage your finances better. You need to be disciplined to not overspend, but if you use your credit card wisely it can help you stay on top of your finances.

Fraud Protection

If your credit card is stolen or used without your permission, you can get your money back. This is not the case with debit cards or cash.

Emergency Cash

If you find yourself in a bind and need cash quickly, you can use your credit card to get an emergency loan. This can be a lifesaver in a pinch.

Extended Warranties

Some credit cards offer extended warranties on purchases. This can be a great perk if you tend to buy expensive items that may need repairs down the road.

Help With Travel Problems

If your luggage is lost or your flight is delayed, your credit card can help you out. Many cards offer travel assistance services thatcan help you find your luggage or get rebooked on a flight.

If you’re traveling abroad, your credit card can also help you out if you run into trouble. Many cards offer travel insurance that can help you pay for medical expenses, trip cancellation, and more.

Improve Fiancial Literacy

Using a credit card can help you learn about things like interest rates, credit scores and more.

Love, Bee xx