Credit cards are a convenient method of payment and offers different privileges. They allows you to use a certain amount of money that you do not have immediately. However, we must not forget that every time you use your card in a shop, you’re sealing a commitment that you must meet with the bank that offered you the credit.

For this reason, having a credit card is only beneficial when used responsibly and monthly payments are made on time. Otherwise, these can become a real headache and your credit rating will be affected for other applications.

Now if you are a customer who likes to keep up with the bank, surely, you will perceive these short-term benefits:

• You can make special reservations in hotels, air tickets, car rentals, among others.
• Depending on the type of card, you receive prizes and rewards like travel miles, points, discounts, cash back, etc.
• No need to walk with a lot of cash, so you will be relaxed.
• With some banks providing detailed information about your statements, you can make a more thorough management of your budget.
• Most commercial establishments accept credit cards as payment.
• Users have a protection service that will look after you if unauthorized purchases or stolen cards.
• Greater chance of creating a credit history, which will serve as a reference to request additional credits.
• Make your purchases and pay in installments.

Of course, we can not ignore the disadvantages of having a credit card:

• When hiring one of the options that you like must be very attentive to the conditions you propose the bank. Therefore, you have to read carefully and ask all the questions necessary.
• If you do not pay on time you should cancel additional penalty fees that will increase your debt.
• Each purchase represents a debt. In this sense, your goal should always be solvent.
• You need to keep track of your purchases so you can organize your expenses.
• Sometimes, if you exceed your credit limit, you’ll be forced to pay an extra interest.

To avoid these problems, it is best to enjoy the benefits of your card consciously. So, choose an option that gives you great benefits and live the life you deserve with your favorite credit card.