Posted on: Apr. 20, 2017 in Money, Credit

Depending on who you ask, credit cards are either the best thing ever or the worst. While there are some who are able to get by without having one, for most Americans, credit cards are a way of life. What’s more, they may life a lot easier in many ways.


There are many different types of cards and the incentives different companies offer vary widely. Some give cash back, others use points systems, and still others may offer discounts for travel and other things. What kind of card you’re eligible for is partially determined by how good your credit is, so it’s important to use credit wisely in order to have access to more resources later.

If you’ve always heard that credit cards are dangerous, you might be wary of using one. The fact is that if they are used responsibly and paid down every month, a credit card can be a great tool in many ways.

Here are some great reasons to use a credit card:

  1. You’ll need one to build credit. Having a credit history is necessary to apply for an apartment, a car loan, or a mortgage. Some employers will also check your credit. A credit card can help build that credit history. The credit bureaus, the organizations that determine your credit score, will expect you to have a history with revolving credit – credit that is not a fixed amount with set payments, but rather has a borrowing limit and a minimum amount to pay back each month.
  2. Credit cards teach financial responsibility. When you use a credit card, you’ll need to pay off at least a portion of what you owe each month. You’ll learn to budget, as well as the effect of interest when you don’t pay everything back. Messing up with a credit card can create a hard lesson to learn, but success with a card can build great habits to last a lifetime.
  3. Gives you access to things you need. If you need to make a big purchase but you don’t have the cash on hand, having a credit card can give you the funds. When an emergency arises, like an appliance or car breakdown, having a credit card can make it easier to get on with things. Also, a credit card is necessary for things like hotel reservations or rental cars. If you want to buy things online, you’ll likely want to have a credit card as well.

Learning to use a credit card responsibly when you’re young can help you secure your financial future!

If you’re ready for a new car but your credit is keeping you from getting approved, CreditYes can help with our bad credit auto loan program! We can match you with a dealership in your area that will be with you ever step of the way. Our service is fast and free. Fill out our secure online application and get behind the wheel of your next car today!