Credit cards – more than just a necessary evil

Wednesday, August 3rd, 2011
Updated: August 3rd, 2011
The content is accurate at the time of publication and is subject to change.

The image associated with a credit card today is quite unlike what it used to be a decade or so back. People today are more afraid of their credit card than considering it to be something that could be a beneficial method to spend their money. In fact, you might perhaps want to know more about this before dismissing it for something else. There are multiple benefits associated with a credit card, but there are also some factors to account for before going out there and sliding at your whim. If you are careful, this is definitely a beneficial method of paying for your purchases.

First, keep in mind that a credit card should not treated like a long term loan. Aim to pay your credit card bills as quickly as possible, preferably within a month or two. The reason why you find it to be so dissuading to use a credit card is the fact that you take your own time to pay the bill, which will keep increasing thanks to the interest charged by the credit card companies. Therefore, these things can work against you, which could ultimately make it harder to pay the money back in its entirety.

Next, you should treat your credit card with the same amount of care that you would do with your cash. Just like how you wouldn`t want to spend your cash purchasing unnecessary things, you would also want to take care to ensure that you are not going to slide your card when not necessary, which could result in big bills and a lot of avoidable expenses. Therefore, think twice before you would use your card to make a purchase as it is quite possible that you would be able to avoid these expenses.

Some people might also be interested to learn about choosing the right credit card when deciding on one. There are some unique features that could ultimately cause you to pick a particular card over some other option that might be out there. For example, you would perhaps want to go with a credit card that comes with 0 interest on balance transfers if you intend to use the credit card for a lot of balance transfers. These cards typically are harder to obtain and normally require a pretty good credit score. Therefore, unless you are able to get the right credit rating, it is unlikely that you would want to go in for these cards and might want to check other options.

For those that don`t fancy a low rate balance transfer, it should be possible to perhaps ensure that you are able to get a credit card with some other lucrative offer. People go in for cards that come with very good cash back schemes. This is a very good alternative to consider instead of low balance transfer rates. In this manner, you will be able to easily get money for each time you swipe the card, which can in turn be cashed in for a check. There are other ways to earn from your transaction as well.

Beyond that, you should learn to use your credit card in a manner that will encourage lenders to provide you with larger limits. For example, using your credit card to the maximum limit every billing cycle and only paying back a minor part of it does not add up to good credit card management. Learn to impose restrictions and stick to them in order to avoid debt and ensure that you are not going to be spending more money unnecessarily. This is a very important thing that you would probably want to account for, as it forms the foundation of good credit history.

Also, keep only a small number of active credit cards with you. At any time, you shouldn`t have more than three credit cards, which is definitely a sufficient number of cards to deal with. In fact, try and hold onto one credit card for a significant period of time, as this can also build a good credit line. However, if you absolutely want another card and already have three or four credit cards, it might be a good idea to close some of the other credit cards on hand. This will help you easily manage cards and also avoid going into debt unnecessary.

Sometimes it might also be necessary to read the terms and conditions carefully before you do sign on the dotted line. In this manner, you will not be left with some ugly surprise later on, when you get your monthly statement. People tend to neglect this, which is why the end up with an unnecessary big credit card bill. If you have any doubts or queries, have them clarified before you sign up for the credit card. This is necessary in order to be absolutely sure that you are not going to be stuck with charges and fees that you had absolutely no idea about.

When using the credit card, it is possible that you might end up stumbling across some charges that you don`t recognize. If this is the case, you will probably want to consult with the credit card company and have it taken care of. The good news is that most credit card companies today provide free fraud protection for their customers. Therefore, you should avail these offers to ensure that you don`t end up paying unnecessarily or become a victim of false charges. The protection might also extend in the case of theft, which can be very handy.

Credit cards are also great in case you want to build your credit line. Therefore, people with poor credit lines would want to look into this and verify that they are able to get a better credit card that can handle their needs which can potentially help in ensuring that they are not unnecessarily denied auto or home loans because of a poor credit score. Thus, in this manner, you too should be able to save big and stand to gain tremendously from all that the credit card has to offer.

All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.

Latest Other Card News

Tuesday, June 20th, 2023

A student loan refinancing typically involves taking out a new loan to pay off your existing debt. Refinancing student loans can potentially lower your interest rate, fees, or/and allow you to get better repayment terms, helping you save money. However, it is important to consider whether your loan is private or federal and what benefits […]

Saturday, December 26th, 2020

2020 has definitely been a very unusual and challenging year. Many of us have been waiting for its end more than ever. And now, when there is less than a week left until the beginning of the new year, it’s time to sum up the outgoing one and find out the results of the annual […]

Friday, September 11th, 2020

Walmart is finally ready to introduce a new subscription service offering free same-day delivery and fuel discount. Walmart+ was supposed to go live back in July, however, it was delayed due to the COVID-19 outbreak. Now the launch is planned to take place on September 15. The new product will help you order any goods […]

Thursday, August 27th, 2020

This month, American Express introduced its new tool called MyCredit Guide. The Amex website says: “We believe everyone should know their credit score and have the tools to understand it better.” That’s why the new feature was developed. Using the tool, you can find out your credit score and take a look at your credit report, […]

Saturday, March 7th, 2020

A virtual credit card is a unique credit card number that is linked to your main credit card account but is different from the physical card number. The virtual credit card number allows to shop online or over the phone without using your physical credit card. The numbers can usually be used once and expire if not used. The cardholders can also delete the numbers if they want or need to.

Best Credit Offer
Surge® Platinum Mastercard®
Check off the cards you want to compare. Then click the Compare link to go to the comparison table.
Consumer Rating: 4 / 5
Horizon Card Services Group One Freedom Card
Copyright © 2001-2024 All Rights Reserved.

See the credit card's terms and conditions on the online application page. Note that this website may be compensated by credit card issuers when the visitor applies for a card through the links on this website. We do our best to maintain all information accurate and up to date. However, we do not warrant the credit card information won't change. Click the "Apply Online" button and review the current info on the secure credit card terms page.

Information in these articles is brought to you by Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.

The webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the website are property of their respective owners.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer. Opinions expressed here are the author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions. makes every effort to keep information up to date and accurate. However, the information regularly changes and is presented without warranty. Therefore, we strongly recommend all our readers to visit the credit card application page by clicking "Apply Online!" button to review the detailed credit card's terms and conditions. Note that may be compensated by the credit card issuers when the readers apply for a credit card through this site. is an independent, advertising-supported website which receives compensation from the credit card issuers and companies whose offers appear on the site. Compensation may impact how and where products appear on our site, including, for example, the order in which they may appear on the site pages. does not review or list all available financial or credit offers.

You've successfully subscribed!

Please specify the following:All these fields are optional

Thank you for providing this information! We will make sure our letters are useful for You.

User Generated Content Disclaimer: These responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.