| Credit cards have both benefits and
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| | you choose one that earns you cash every
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| drawbacks. It is wise to consider both
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| | time you buy something. How much cash you
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| before applying for a credit card. While
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| | get back is calculated as a small
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| they can be very useful, credit cards can
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| | percentage of the amount you have spent
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| also be risky. Even people who are
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| | on the card. Some cards offer incentives
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| usually good with their money get into
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| | other than cash - Air Miles or shopping
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| trouble with credit cards. A credit card
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| | vouchers, for instance.Even if you do not
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| can be useful, but may also end up
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| | pay your monthly bill in full, a credit
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| putting you in a difficult financial
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| | card can be cheaper than running an
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| situation if misused.Here are some of the
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| | overdraft on your current account,
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| benefits of credit cards:Withdraw cash 24
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| | especially if your bank charges a monthly
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| hours a day, anywhere in the world.Buy
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| | fee as well as interest when you
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| online. It is the quickest and easiest
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| | overdraw.Using a credit card can work out
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| way, and you are protected against credit
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| | cheaper than using traveller's cheques or
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| card fraud.Repay in regular instalments.
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| | foreign currency to pay for things
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| Typically, these incur interest.Usually,
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| | abroad. This is because the exchange rate
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| there is an interest-free repayment
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| | used by card companies to convert foreign
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| period, which you can use to repay your
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| | spending into sterling is better than
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| debt in full, interest-free.One of the
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| | normal tourist rates. However, because of
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| main benefits of using a credit card
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| | credit card charges for cash withdrawals,
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| rather than a debit card is the
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| | a debit card is better if you want to use
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| protection provided by the Consumer
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| | plastic to buy currency, whether over the
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| Credit Act. This says that if you have
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| | counter or from a foreign
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| problems with goods or services you can
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| | cash-machine.You can give to charity for
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| get your money back from the card issuer
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| | free if you sign up for a charity credit
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| if you can't get it back from the
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| | card.Credit cards are often cheaper than
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| supplier.Some cards provide purchase
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| | loans for short-term borrowing. You pay
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| protection insurance, which pays out if
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| | interest on the remaining debt, not the
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| something you have bought with the card
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| | full amount - and there are no early
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| is lost, damaged, or stolen within ninety
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| | redemption penalties.Credit cards offer
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| days of the date of purchase.A credit
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| | flexibility to match uneven income and
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| card can cost nothing - if you pick a
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| | expenditure patterns: you choose what to
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| card that doesn't charge an annual fee
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| | pay off each month, between the minimum
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| and you always pay the bill in full every
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| | and the total outstanding.
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| month.A credit card can save you money if
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