Responsible use of a credit card

Credit cards have become a way of life for millions in the developed world. They have many advantages but also many pitfalls. Defaulting on a an agreed payment can result in interest rates of up to 30% and this can lead to increased debt for irresponsible users. The best way to use a ‘pay later’ card is to make small daily purchases such as fuel or groceries. This negates the need to carry cash and when used responsibly can benefit the user by making a positive impact on their credit rating. This is important for major purchases such applying for a car loan or mortgage. Today’s cards offer many attractions. These range from air miles to loyalty points that provide cash back on daily items such as the Woolworths Everyday Money credit card.

Credit card application

Transactions made using a card are also insured and are protected in many countries by law. For instance, if a card is stolen and cancelled quickly by the user, this will limit any potential fraud that could take place. Some cards even offer money back if the user makes a purchase in one place and later finds it cheaper in another. Cards can basically be used as a replacement for cash as long as the user remembers to clear the balance each month. Failure to do this will result in the card being withdrawn and will also have a major negative impact on your credit rating. This will make it harder to apply for a new loan or even a new bank account.

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Algarve - Portugal

Sun in the Algarve, Portugal

(only in spanish)

 

 Cruises from Spain

 

 

Portugal
Algarve	Lisboa	Oporto
Marocco
Tanger	Marrakech	Casablanca

 

London	Paris	Rome
Berlin	Brussels	Amsterdam