If you are trying to build or repair your credit, someone may have told you that you need a credit card.
That is because credit cards offer one of the easiest ways to start building a solid credit history. When used correctly, a credit card offers convenience, constant reporting on your credit history, and a solid way to manage your budget.
Credit cards offer numerous conveniences. For one thing, certain retailers only allow you to reserve or make payment using a credit card. Further, credit cards can help you manage your spending and help you to budget your money. One of the biggest benefits of using a credit card for purchases is the opportunity to earn rewards and take advantage of extra benefits that the card might offer.
Can you survive without a credit card? Yes, but that is about all you will do. So many things are sold online and require a credit card to process. Then there are things like car rentals and hotel rooms, which require a credit card or enough money upfront to use the service. Credit cards aren't just convenient ways to pay for purchases and build your credit. They are the keys to accessing things that you wouldn't otherwise be able to right away. Plus, you can choose to pay off large purchases with monthly payments that could be more manageable for your budget.
In today's world nearly everyone needs a credit card, even if it isn't your credit that you are worried about.
If you aren’t sure if you can manage your credit card wisely, set your limit and use it for everyday purchases that you already have in your budget. This allows to you simplify the process of paying your bills while still building your credit. On top of that, if you find yourself in a position where credit cards are required, you'll have it covered.