There are good reasons why you need a credit card. First, it is easier for people who travel frequently to have easy access to money, and as a method of paying for things at all times and at different currencies.
Secondly, it is used for shopping on-line. Paying for goods bought online is fast and convenient. However, credit cards also cost money and create the risk of overspending. Credit card holders wish that their credit cards were interest free at all times. If you pay off your full balance on time at the end of every month then the cards will be interest free. Most of us cannot come up with the money to do this.
There is a credit term call ‘grace period’, which is a period within which they can pay their bill without being charged interest (usually the period given is 25 to 30 days)
Many credit card merchants recently offer a low fixed interest rate instead of eliminating grace period. The question is, which one should you choose? A credit card with low interest rate or with grace period?
It is a pros and cons. For you who can pay all at once at the end of the month, to use a credit card with grace period. For you who can afford to pay the credit card bills only partially, to use a credit card with low interest rate.
There are good and bad sides about using a credit card. It will be a useful tool for you who can control it and will become one of the worst enemy for you who cannot control yourselves while using it.
If you do not want to end up in credit card debt, please use your credit card wisely, pay the balance on time and control your spending
Secondly, it is used for shopping on-line. Paying for goods bought online is fast and convenient. However, credit cards also cost money and create the risk of overspending. Credit card holders wish that their credit cards were interest free at all times. If you pay off your full balance on time at the end of every month then the cards will be interest free. Most of us cannot come up with the money to do this.
There is a credit term call ‘grace period’, which is a period within which they can pay their bill without being charged interest (usually the period given is 25 to 30 days)
Many credit card merchants recently offer a low fixed interest rate instead of eliminating grace period. The question is, which one should you choose? A credit card with low interest rate or with grace period?
It is a pros and cons. For you who can pay all at once at the end of the month, to use a credit card with grace period. For you who can afford to pay the credit card bills only partially, to use a credit card with low interest rate.
There are good and bad sides about using a credit card. It will be a useful tool for you who can control it and will become one of the worst enemy for you who cannot control yourselves while using it.
If you do not want to end up in credit card debt, please use your credit card wisely, pay the balance on time and control your spending
