There is no denying the fact that some people shouldn’t carry a single credit card. For example, if you have had issues with this type of debt in the past, it is probably best that you don’t have access to a credit card in the future.
On the flipside, there are reasons why you need a credit card. As long as you can use it in a responsible manner, you can benefit on many levels. Here are three reasons to consider:
Helpful in the event of an emergency
For instance, if your car breaks down you may need a credit card to pay for emergency service. Furthermore, if you are faced with a large debt, such as a medical bill, a credit card could be the best way to take care of it.
Note: no two people are in the same position. For this reason, the way you use a credit card in an emergency may not be the same as the next person.
Big purchases
Maybe you are purchasing an expensive piece of electronic equipment. Or maybe you are booking a vacation. When it comes time to make a large purchase, doing so with cash is not always the best idea. A credit card is much more convenient, not to mention the fact that it is also more secure.
To get something in return for the money you spend
With a rewards credit card, every dollar you spend will earn you at least one point. As these points add up, you will then be in position to redeem them for everything from travel to cash back and much more.
These are just a few of the many reasons why you may want to consider applying for a credit card. As long as you are comfortable with your ability to act responsibly, this is a financial decision that could work in your favor.
