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Many people wonder why they should have a credit card

. Maybe you don't have a credit card or you have one that you are afraid to use. I am going to show you the benefits to having a credit card and some tips to help you act prudently with it.

Benefit #1: Boost your credit score. You can do this by buying your monthly items with your credit card and then paying it off in full every month. Credit companies will see that you are spending what you have and that you are not exceeding your income.

One benefit to using your credit card is that you don't have to worry about balancing your checkbook every minute. The charges can be found online and you don't have to worry about ever reaching that dreaded zero balance thus incurring a $30 charge for every transaction! Most credit card companies have online statements that are updated daily so you can see what you are spending and then pay it off all at once instead of multiple times out of your bank account.

Take time deciding which credit card to get. If you are using it just to start building your credit score and plan to pay it off every month, then you might as well get some rewards. Look at the different offers, many cards offer a certain percentage back on all purchases, flier miles, or just plain money.

Benefit #4: Fall back plan in case of emergency. The unexpected happens; having a credit card can ease your mind so that you don't drain your bank account and can pay back over time instead of all at once. There will be some interest charges, but as long as this doesn't happen often, it can be very helpful.

While there are definitely some great reasons for credit cards you should always act carefully. Credit cards should never seem like free money. Use it as you would a debit card. As a general rule, only buy things with your card that you could buy right then with your debit card.

Eventually, you are going to care about having a high credit score. Whether you're buying a house, or a car, or something in between, if you are looking for a loan, you are going to wish you had done some work on boosting your credit score. So start NOW.

Start by doing some research. Find the best card for you and apply Today. You can start building your credit score or start doing some credit repair as soon as you are ready.

by: Marcus Meilleur

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