You’ve probably seen the credit card trope on various TV shows – where someone gets a credit card, goes on a shopping spree and later, falls in massive debt. Sound familiar?
Despite their reputation, credit cards can be useful and offer significant advantages, such as providing financial flexibility due to their revolving credit.
If you’re unsure about getting a credit card, let’s weigh the good and bad to see if credit card can work for you.
How credit cards can work for you
All the negativity on credit cards are due to the fear of uncontrolled spending, but when used wisely, they can be valuable, convenient tools that benefit your financial well-being. Here are some advantages: