Credit Card

When I was still a student, that was two (2) years ago, it was really hard for me to obtain my own credit card since there are a lot of requirements. And take note, those requirements are somewhat difficult. Well, thanks to my dear mom since she decided to make me as her extension line in one of her credit cards. After I received my own credit card, it was really a dream come true! All I was thinking was never ending shopping! LOL. And not only that, I was able to verify my Paypal account as well. It means that I can finally withdraw all the money I saved from doing lots of SP’s.

So guys, do you also have your own credit cards? Well, to those who still don’t have and planning to get one for themself, here are some pros and cons:

With credit cards, your are able to pay for purchases without carrying around cash or writing cheques. You can shop online too or just by phone. You are able to purchase items and enjoy interest free credit for a specified period. You are able to spread the cost of purchases over a long period. Being able to enjoy credit up to your specified limit making it easier to buy the things you want without having to wait and save up. Being able to benefit from rewards (subject to card used) such as cash back, rewards points, or air miles. And many many more.

Well, good things do have it’s disadvantages too. With credit cards, there’s the risk of getting into high levels of debt that becomes unmanageable. There’s a risk of credit card fraud. And you are being charged often high interest rates on balances that are not paid in full each month.

It’s good to have your own credit card but you must also remember that using too much of it will give you headaches. LOL. Just be sure to use it wisely. =)

Category: Useful Stuffs