Credit Cards are gaining more and more importance. In many cases the credit card is the only possible way of paying: for instance booking hotels or flights online, renting a car or doing online shopping. Furthermore your debit card is likely not to be accepted on your holiday abroad.
Credit Cards, in contrast, are worldwide accepted!
There are some more advantages why a credit card is very useful. First, if your card gets stolen, the bank will freeze the account and you are only liable for the first fifty pounds. Of course, the main advantage of credit cards is the credit limit. It is very useful to have this, as you can make expensive purchases without taking out a loan. The money will be booked from your account on the end of the month, and you have this time to settle the debts. However, don’t forget that this credit limit can also be a debt trap. You shouldn’t overuse it as some companies charge high interest rates. Usually, credit card companies want their customers to be over 18 years old and with a good credit rating. However, everyone can apply for them as there are some special offers for people with a bad credit rating.
When you do your research for the perfect credit card, you will find some special offers. Why don’t you get a personalised credit card which gives you discounts for e.g car rentals, hotel stays or flights?
However, never forget to compare the fees and interest rates from each company.