Credit cards can be great but they can also be terrible
. They can build credit as fast as they can destroy it. If you use credit cards correctly, you can have a small monthly loan every month. In today's electronic age, technology is affecting even how we pay our bills. It is very easy to set up auto payments or make payments online by just entering a few pieces of information.
When deciding to pay your bills with credit cards, you first must think about your history with credit cards. Have you abused them? Do you make minimum payments? Have you had several late payments? Do you have maxed out credit cards? If you answered yes to any of those questions, paying your bills with credit cards may not be a good option for you. If you answered no to all of the questions, paying your bills with a credit card might be a good idea.
When using a credit card, you get a small monthly load each and every month with 0% interest as long as you pay the credit card off each month. When setting up to pay your bills, you have to think about the end of the month payment to pay the credit card off that you used to pay your bills. If you have no intention of paying the credit card off, then you will just dig yourself into a deeper hole.
Some people abuse credit cards while others are more responsible. Determining which person you are is a good place to start when determining if you should use a credit card to pay your bills. There is a lot of convenience, but there could also be a lot of head ache.