There are people who swear that credit cards have saved their lives at many times, but there are also those who say that they are instruments of the devil and that they have caused many problems. So who should we believe?
Credit cards are instruments that allow us to access goods and services without the need to have the money available at the time of payment, with the condition that what is spent is returned plus the interest generated. In order to form your own opinion and see if they really suit you or not, these are three key points that you should consider:
The cards contribute to generate credit history.
Let’s say you want to access a vehicle or mortgage loan, but you have never applied for another loan or appeared in the financial system. This causes approval to be more complicated. In this sense, having a credit card allows you to start forming your credit history (which will be good if you make timely payments) and have more possibilities to access other credits.
Management makes a difference
Plastics can be your best friends or your worst enemies, but the difference is in the use you give them. If you use the card carefully, planning your purchases according to what you can pay, there is nothing to fear, on the contrary, it will take you out of more than a hurry.
On the other hand, if every month you use your entire line of credit, you buy and divide in many installments, etc., you are using it irresponsibly, so it is not surprising that your finances are damaged.
If you choose the right one, you can get the most out of it
Ideally, your credit card will give you something extra to use; for example, that gives you discounts, allows you to access exclusive benefits, accumulate kilometers, etc. There are many types of cards in the market, the ideal is that you compare the alternatives so you can choose the one that suits you best.
When it comes to reviewing credit cards, you will find very different opinions; However, it is worth remembering that everything will depend on the way you use them. Do you want to find the ideal one for you? Use the Marga credit card comparator.