Having credit cards is definitely a good way to shop and save if you use your cards wisely. There are many people who do not know how to use their cards and they end up in overspending as well as in debts. One should know how much you earn, and have control of how much you spend. Spend only on what you need. Do not indulge in excessive ‘wants’. There are so many beautiful and nice things around you. There is no need to ‘follow’ fashion. Money should be spent in good use. Invest your money, let your money work for you.
Even though Credit cards are continually in the news with reports of many people running up excessive debt on their cards, there are many people who have gained much advantage and are satisfied with their credit cards. Whatever types of credit cards you have, be it 0% Credit Cards or Free Credit Cards, there are so many credit cards that can offer you rewards, rebates and discounts when you shop with your credit cards. For me, I do not spend money on unnecessary things. I think is all a matter of habits, attitude and your style of living.
To apply for a credit card, you need to have an income and good credit report. In Singapore, you need to have a minimum annual income of $30000 in order to qualify for application of credit card. In UK, it works differently. Free Credit Report can be requested to help on saving on loans, mortgage and credit cards.
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