Credit cards

Becoming a credit card owner

Credit cards long ago became an essential part of our everyday life. With their common acceptance in virtually every store and easy access to online purchases, credit cards are nowadays one of the most popular means of payment all over the world. While credit cards interest rates are higher than in other lending products and irresponsible usage of credit cards can lead to tremendous amounts of debt, it is still worth becoming a credit card holder, and here is why.

Advantages of credit cards

• Credit cards help to improve your creditworthiness. With the growing popularity of various consumer loans, credit history has become a decisive factor in obtaining attractive loan conditions. If you have a bad credit score, a credit card can help you solve this issue by rebuilding your credit history and enhancing your scores. Start with getting a 'bad rating' credit card, keep your card balance low, repay it in full each month, and your credit scores will surely go up.
• Get back a percentage of your expenditures. Cashback cards enable you to earn cash reward (from 1% to 5% back on your purchase) every time you shop.
• Buy airline miles, hotel nights, groceries and many other things. Some cards have a point system, when you earn points for each dollar spent and afterwards use them to pay for hotels, airplane tickets,  gift cards and online shopping.
• Credit cards protect your finances from fraud. When a criminal gets access to your debit card, the money from your account are immediately lost. With a credit card, you don't pay for the transactions you didn't make and usually let your credit card company tackle the issue.

Apply a credit card

With a responsible approach to credit cards, you will get numerous benefits in the form of cash, credit score improvement, bonuses or other perks. Mike Credit free search tool below will help you find the best credit card offers with different types of cashback programs and rewards. Just specify the features that sound most appealing to you, compare various credit cards and choose the one that will perfectly work for your needs.