Should you use credit cards?

Since diner's club (® Registered trademarks of diner's club) introduced the first credit card in the 1950, numerous others came to the market.

Master Card (Registered trademarks of MasterCard International Incorporated)
and

American Express.
( American Express Trademarks AMERICAN EXPRESS®)

Many consumer good store chains have their own card.
Others use the Visa or Master Card banner and have cards emitted in their color.
The major cards are honored widely around the world.It is very practical to have one or more card. It prevents you to carry substantial amount of cash.

Sort your purchases

You can use one card for anything that refers to your car, another one for buying groceries or clothing and so on.
At the end of the month, you will get your card statement and have only one check to write and have a sorted listing of your monthly purchases.
It will help you to budget .If you do not want to write a check, subscribe to online banking .

What is the cost of credit card?

You can get a card that costs nothing. That is good news!

What do you get for nothing?

You get the right to charge your purchases to your card account up to the credit limit you were accepted for.
As long as you pay your account when you receive it or at the latest on the payment due date mentioned on your statement there is no fee.

If you do not pay on time, you can be charged hefty amount of interest.

That is where Card Company make much of their profits, overdue balances. Companies also charge a fee to the merchants that accept credit cards.

If you are not disciplined, better not have cards, it can turn to nightmare.

Incentives

Some cards company will let you use you credit on any vehicle new or used.
If you travel a lot, get points on airline fares.

If you are a regular client of a certain store chain, some of them will let you earn points that you will transform in merchandise when needed if you pay with their card.

Some will even add points even if you buy in other stores with their card. Check different options and get the card that suits your way of life.

Annual fee card

Some cards have an annual fee; these will normally have additional benefits.

An example is that if you often rent cars, you may get a discount and will not have to pay for excess insurance.
As long as you pay with the card, the card company will take care of paying in case of accident.
Most people do not usually need this type of card.

A word of caution, beware of credit card phising

Because you have a card does not mean that you have to spend thoughtlessly .

Always check your credit card statements

With each card, you can activate a PIN or password. Sometimes you tend to get mixed up between all those cards, accounts and passwords. Here is a way to help you manage your passwords and PINS.

Web budget-expenses-savings.com