Credit card advertisements are literally everywhere. When one enters a bank there will be applications prominently on display virtually as soon as you walk through the doors. Television commercials appear all the time promoting the benefits of certain credit card companies. Direct mail campaigns have – for better or for worse – promoted credit card applications for decades and this method of advertising has greatly expanded into the world of online email mass marketing. Yet, despite this prevalence of credit card advertisements, many people feel somewhat unsure of whether or not to get a credit card.
credit cards serve a very valuable purpose. If you seek an auto loan or a home loan there will be a need to check your credit history. Now, if you do not have a credit history you may find yourself out in the proverbial cold when it comes to having a loan approved. As such, making purchases on a credit card and then paying the balances on the card in a timely fashion will help establish a history of responsible and trustworthy credit.
Because the credit card market is notoriously competitive, many of the different lenders will provide a host of benefits to attract your business. This can include reward programs for retail merchandise, cash back benefits and even free airline trips! As such, these incentive benefits can be accrued when purchasing with a credit card making a credit card an attractive option to use for purchasing needs.