Over traditional ways of making payments, credit card is the modern way of paying money.
Instead of carrying a large amount of money in cash, credit card is a safer option.
A lot of card companies offer discounts on air tickets, holidays etc.
You need to pay the card loan on time and in case you don't pay it back in time, then you will have to pay high amount of interest.
It is because of this plastic money that people sometimes spend foolishly and then worry about paying back the card loan.
Cards sometimes encourage you to buy products that you don't really need in the first place.
If you lose your credit card then you might have to pay some unwanted expense.
You should keep reminding yourself that this plastic money is a "loan" you need to return to the bank.
This will discourage you from overspending.
Do not cross your credit limit.
You will only put yourself in trouble because you might not have the required amount of money to be returned to the bank Credit cards are a costly way of getting credit because of high interest rates.
You are advised to use credit cards only in emergency situations.
Shopaholics are advised not to use their plastic money because there are high chances that they won't be able to pay back their loans.
You are advised to buy cards from companies who have lower interest rates.
Have a reasonable credit limit.
Always check your statement carefully.
If your card will fall in wrong hands then you might get into trouble and you might have to pay for it.