After the season of parties, when you might find yourself feeling financially depleted and despondent, there is a tantalizing prospect that awaits – the opportunity to earn free international travel and indulge in luxurious hotel stays. This alluring possibility is made possible through credit card points, which can be exchanged for a range of travel perks and enticing goodies. As January brings forth attractive deals, you might be enticed to apply for a credit card that offers such rewards.
However, let’s consider the reality. I like credit cards, but credit card rewards may not be worth it for most individuals, unless they possess certain qualities:
Firstly, financial stability is crucial. If you are wealthy and have a firm grasp on your finances, the potential payback from these rewards could be more significant.
Secondly, self-discipline plays a vital role. It’s essential to have the discipline to manage credit card spending wisely, ensuring that you don’t fall into the trap of accumulating debt.
Lastly, being attentive to your financial situation is imperative. Keeping a close eye on your expenses, payments, and rewards redemption options will enable you to maximize the benefits.
Yummy… a pizza with onion, green pepper, mushrooms, olives, plenty of tofu and a bit of minced fresh garlic. Tasty! Oh, and I have to buy my new laptop. Well, for all these things and little pleasures there’s the credit card. I prefer to pay with my credit cards as I dislike the notion of acting like an ambulant cash dispenser 🙂 However, using credit cards requires control and knowing well the “policies behind the card” (the rates, the limits, how the credit reporting system works, etc.) Managing and using credit cards is just a matter of applying good sense.
That said, I have some friends that abuse their credit cards usage. They charge a lot! They go nuts because they feel like they work pretty hard and should be able to do that sometimes. The problem is not that they cannot afford the payment or cannot pay it off. The problem is that most of their purchases are frivolous things they really don’t need. Surely, they work hard and they deserve to enjoy the fruits of their work. But they are not enjoying anything by acquiring a bunch of unneeded objects. On the contrary, they’re wasting their money. The only thing that such frantic credit card usage satisfies is the desire of material possession. Do we indeed work so hard only to crumble under such lame desire? When we are going to use our credit card we always should examine the actual reason behind the purchase. Review carefully your financial state… are you paying a house, a car, a small loan? Then try not to acquire more debt. Moreover, if we have a short or troubled credit histories we must try to do things right. Pressure of extreme debt is what leads to desperate and dangerous measures such as payday loans, for example. Really dangerous. Calm. Relax. Think. Good sense, remember? Life is beautiful.