Credit Cards - The Do's and Don'ts

Sometimes credit cards are perceived to be all BAD news with NO benefits which isn't exactly true. There are many benefits to using a credit card if used wisely. The keyword here is WISELY everyone. Only you know how well you can trust yourself with one, so if you don't feel comfortable applying for one, then don't.

However, If you are intrigued by Credit Cards, do take a seat. As we've done the hard work for you and have written up some pros and cons of having one in your life.


Credit Score

Credit Cards can help build your credit score. How? might you ask - well using your credit card throughout the month to make purchases and paying the FULL balance once your statement has come through. By doing this the balance is recorded and shows lenders that you can manage your repayments well.


For big-ticket expenses such as holidays, it is recommended to always use a credit card. This is because credit cards offer buyers protection. This means your money is more protected in the event of the airline going bust. In Section 75 of the Consumer Credit Act, you are allowed to challenge (via your bank) any merchant for purchases above £100 in value if an issue arises.

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