Why Should You Use Credit Cards

Believe it or not, the way society, especially the commercial side, is set up these days, the only alternative to using credit is to pay cash for everything. But it's actually quite hard to do that. For example, if you want to rent a car, you have to have a credit card, even if you pay cash for the rental. The reason for that is because once a company has your credit card with your signature, they'll never lose money. If you default on anything, or if extra charges come up later, all they do is charge your credit card. Many companies require a credit card before they'll do any kind of business with you, for that very reason.

After you enter the workforce, it's a good idea to apply for a credit card with a small limit. Any one of the major credit card companies will help you. Those companies are Visa, MasterCard and American Express. Buy something with your credit card, and pay it off as fast as you can. That's the basics of establishing a good credit record. If you continue to do that, buying bigger and bigger items and paying them off, on time, then you'll end up with an A-1 credit rating. Then when you want to make a major purchase, like a car, or a house, you won't have any trouble qualifying at the bank.

So there's good value in using credit cards. They allow you to buy something you want now, enjoy it now, and pay for it later. That's the reason credit was given in the first place, way back in the 18th century ? to allow you to buy larger items like furniture, that you couldn't afford to pay cash for. The system worked great, and still does today ? as long as you don't abuse it.

Chris Dodd is the author of many informative articles on finance issues. Here at Low Apr Credit cards you can find the latest offers and credit card deals to help you reduce your overall credit costs.

---

Credit Report And Correction Techniques

The three major credit bureaus, Experian, Equifax and Trans Union... Read More

Two Things You Need To Know About Prepaid Debit Cards

According to the September 2004 issue of the Nilson Report,... Read More

Start Building Credit Fast!

There are a couple of reasons for this. You can... Read More

How Credit Scoring Works

The all important credit score! It determines the amount of... Read More

Are You The Only One Using Your Name?

Identity theft has become an epidemic. Millions and millions of... Read More

Getting Your Credit Report and Understanding Whats On It

If you intend to apply for a loan, you need... Read More

Is Your Credit Score Being Held Against You?

Credit Scores That HurtIs your credit score being held against... Read More

Credit Cards, Merchant Accounts, and Your Bottomline

Q: I'm opening a gift shop and want to be... Read More

Credit Worthiness

Credit Worthiness is an important business and personal asset each... Read More

How to Evaluate and Raise Your Credit Score

Why do some people get offers for pre-approved credit cards... Read More

Credit Help for Real Estate Financing: Credit Scores

When you buy real estate, lenders run all of the... Read More

How did a Thief get my Name? Don?t be a Victim of Identity Theft

How do these people get my name? If you have... Read More

5 Things Your Credit Card Company Keeps Quiet About

Credit Cards can bankrupt you if you let them run... Read More

Credit Report Secrets: Do You Know What They Reveal?

If you've ever applied for a credit card or loan,... Read More

Beginners Guide to Credit

I remember back when I was 18 and completely oblivious... Read More

SuperCharged Secret 4, Credit Card Utopia

YOU SCRATCH MY BACK, AND I'LL BUY SOME MORE BEER!Let's... Read More

The Right Way To Credit Repair

If you have a bad credit rating, then you might... Read More

How to Avoid Credit Card Late Fees

Everyone hates late fees and being late will cost you... Read More

Warning: Free Credit Report Imposter Websites Springing Up on the Web

A recent amendment to the federal Fair Credit Reporting Act... Read More

Credit Card Disclosure Table ? Do You Understand It All?

In addition to the APR (annual percentage rate) and the... Read More

Reward Credit Cards: Get the Best Rewards Card Incentive Program

A good credit reward card can contribute to your retirement... Read More

Different Ways to Borrow Money

There are many different ways to borrow money. Outlined below... Read More

Negotiating Rates with Your Credit Card Company

Ok, let's face it, everybody hates high credit card rates,... Read More

How To Avoid Becoming A Victim of Identity Theft

With identity theft statistics currently at an all time high,... Read More

Four Tips How Homeowners Can Rebuild Their Life After a Foreclosure

Let's face it, if you are facing the possibilities of... Read More

Commercial Collections And Credit Granting

It is estimated that billions of dollars in delinquent commercial... Read More

Watch Out For Credit Repairs

It is very easy to find a site that is... Read More

What is Credit Repair and How Can It Help You?

There are millions of consumer credit reports on file from... Read More

Do You Know Whats On Your Credit Report ?

It is important to know your credit rating for a... Read More

Finding and Applying for the Right Credit Card Offer Online

Anywhere you go online nowadays, you will see a multitude... Read More

Automobile Credit Report

When applying for a loan to purchase a car, the... Read More

Stop Credit Card Offers

You can stop receiving credit card offers in the mail!... Read More

Understanding the Function of Credit

What is Credit?Credit is the backbone and the engine behind... Read More