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  Student Credit CardsCredit cards were first introduced in the 1950's and have not looked back since, almost every working person in the United States today has either applied for, or has a credit card to his name. No matter what use you have for your credit card, there is a credit card that caters to your requirements. From student credit cards, to celebrity credit cards, there is nothing that a credit card cannot buy. Reasonable interest rates, and flexibility have made credit cards even more attractive and easily accessible to people.Why should I have a credit card? This is the most vital and in essence the first question that anyone should ask themselves, the answer is a really simple. No matter what purpose you plan to own a credit card for, you will have a company that will cater to your requirements, all you need to do is look around and settle for a credit card with a reasonable offer. The truth is that today people of all walks of life from students to top notch executives, have credit cards that are essentially tailor made for them. So, the answer to the question why you should have a credit card is simple: Because it helps. I have heard credit cards are very expensive to maintain Once again the thing is whom you have been speaking to, a person who has a platinum American Express credit card, will obviously pay a little more for such exclusivity. The truth is that once you have read through the various charges (if any) involved, you can actually choose a credit card that makes sense to you, take for example student credit cards, they have almost no yearly charges, and offer a decent credit limit to students who need the cash. There is no denying that abuse of credit cards is a reality and if unchecked, defaulting on payments can actually cause damage to your credit rating. But the same is the case of all things in life, abusing anything is harmful. What are the various rates that are involved with credit cards? A very good question, depending on how you are using your credit card, and the volume of usage there are some basic rates that are applicable. Lets start with the most basic, the yearly charge, an yearly charge is the minimum amount you have to pay to retain the credit card. Depending on which company you have chosen to have a credit card with the yearly charges vary. All credit card companies by law have to clearly mention the yearly charge applicable, so there is no fine print here. Another charge that you might encounter is the APR (Annual Percentage Rate), this is the rate that credit cards charge if you plan to split your payments over a longer period of time. For example if you want to buy a car using your credit card, and want to pay the amount in installments spread across 2 years, then the interest rate charged is the APR. Once again, the APR that is applicable to you has to be clearly mentioned either with the credit card, or when you speak with a customer care executive to discuss the purchase. Free Article Source: http://www.za77.org About The Author: Miguel Hernandez the author of this article on why you should have a credit card?. Find more information about why you should have a credit card? here. |