If you learn to manage your credit cards correctly, they offer a number of advantages and can save you a lot of money (I know that sounds strange, but it’s true). Having no credit history is nearly as bad as having a bad credit history and with so many financial instruments tied to your credit score in some way (mortgages, insurance…even possibly your job), using a credit card to build credit and up your credit score is a wise decision (again, if you can manage them correctly). Here are ten reasons spelled out in my latest TheStreet.com article:
1. Boost Your Credit History and Score
2. Internet Purchases
3. Emergency Money
4. Rewards
5. History of Purchases
6. No Fear of Loss or Theft
7. Interest-Free Money
8. Merchant Protection
9. Insurance on Purchases
10. Convenience When Traveling
For those that have the discipline to pay off their credit cards each month, they are a great financial tool that can save and earn you quite a bit of money.
Jeffrey strain is a freelance author, his work has appeared at The Street.com and seekingalpha.com. In addition to having authored thousands of articles, Jeffrey is a former resident of Japan, former owner of Savingadvice.com and a professional digital nomad.
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