Who should not get a credit card?
- Don’t get a credit card if you plan to “pay later” with money you don’t currently have.
- Don’t get a credit card if you cannot pay the full statement balance every month (no exceptions).
- Don’t get a credit card if you struggle with impulse spending.
Why get a credit card?
If you do not fall into the categories mentioned above, there are compelling reasons to acquire a credit card.
- To earn rewards on spending you already do.
- To unlock travel perks like airport lounge access.
- To access merchant offers and discounts.
- To benefit from purchase protection and insurance.