There was a time that money had to be brought out form the wallet to buy certain items at the store. Since the purchasing power of the consumer has increased in the past decades, checks and credit cards are now accepted and the person will just have to pay for it when the bill comes.
A credit card is money given in advance by the card company so that other items can be paid in cash. This is a good arrangement especially for those who do not own a company and have to wait until the next paycheck comes in.
Is it easy to get a credit card? Yes, this is because a lot of these credit card companies have people on the streets giving away application forms while others operate online.
The application can be approved within a few minutes online if everything checks out. The only thing that individual will have to do is wait for the credit card to come in the mail and once activated, can be used to buy shop certain things that are needed for the home.
Doing it the online way will allow the customer to compare the interest rates of the credit card companies before deciding on which one will serve the interest of the individual. Some of these are too high while there are those that are just right and have perks like discounts in other stores.
A lot of stores will offer a credit card to the customer. It is best to only stick with those that have a good reputation such as VISA, MasterCard, Discover and American Express. These are the only ones accepted when the individual is out of the country and this will be converted to American dollars when the bill comes in.
Those who have had a bad credit history may not be as lucky as those who are able to get a card online. Fortunately, there are supermarkets and other establishments that offer this to customers at lower interest rates.
If the individual does not have enough cash around and credit card is almost maxed out, it will be a good idea to get another one. The cutoff dates should be different so the bills will not come at the same time.
Carrying around a credit card takes on some responsibility. For security reasons, the person should sign it at the back. There have been a lot of cases of fraud and identity theft and this is one way to act as a deterrent.
Another way will be for the person to make sure it is in the wallet or in a safe place at all times. If someone calls on the phone regarding the details, it is best to call the card company to verify if this is legitimate.
The individual should also not overspend beyond the limit. This can cause problems later on if the person is not able to pay for the full amount and the debt just gets bigger because of interest rates.
Should this happen, it is best to cut down the number of credit cards until the debts have been paid and the person is in the green again.
Credit cards are here to stay until another form has been invented to pay goods. It is up to the individual whether to apply for one then carry it around or stay away from it.