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Whether or not you use credit cards is up to you. Some people live and die with plastic in their hand, and others want nothing to do with it. There is nothing wrong with using credit cards if you do so responsibly and are aware of what you are getting into. That being said, some people don’t have what it takes to carry credit cards because they will tally a huge bill.
Whether or not you use credit cards should be based on several details:
1. Your beliefs.
If you feel that credit cards are a good thing you are going to use them. On the other hand, if you think that they can harm you there is a good chance that you will stay away until something changes. Everybody feels differently about using credit cards and the pros and cons that they offer.
2. Your ability to pay your debts.
Are you able to pay back the money when your statement arrives in the mail?
Remember, if you have to pay for something with your credit card if often means that you can’t afford to do so with cash. Will you have enough money to pay off the bill in full when it comes due? If not, you need to think twice about the purchase you are making.
3. Will you receive rewards?
There are many credit card rewards programs that make paying for items with plastic a good idea. When searching for a new credit card it makes good sense to locate one that has a rewards program.
Now how do you feel about using credit cards?
Some people will always use credit cards and others never will. Believe it or not, many consumers get into tons of credit card debt but continue to make things worse anyway. They simply can’t bring themselves to paying with cash or doing without until they have enough money.
One thing is for sure: if you are going to shop with a credit card you need to be financially responsible. Are you?