{"id":1604,"date":"2021-04-25T13:56:01","date_gmt":"2021-04-25T13:56:01","guid":{"rendered":"http:\/\/cashvisory.examinia.com\/?p=1604"},"modified":"2021-06-02T06:35:12","modified_gmt":"2021-06-02T06:35:12","slug":"credit-cards-good-or-bad","status":"publish","type":"post","link":"https:\/\/www.cashvisory.com\/blog\/credit-cards-good-or-bad\/","title":{"rendered":"Credit cards &#8211; good or bad?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1604\" class=\"elementor elementor-1604\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a7075ed elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a7075ed\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-29f02547\" data-id=\"29f02547\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b932b09 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"4b932b09\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3799d333 elementor-widget elementor-widget-text-editor\" data-id=\"3799d333\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Key Takeaways<\/strong><\/p><ul><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Credit cards offer various benefits to the holder such as helping them build a credit history, offering easy access to credit, fraud protection and rewards &amp; incentives.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>The biggest pitfalls of credit cards can be ease of overspending and high interest rates.<\/strong><\/li><li style=\"font-weight: 400;\" aria-level=\"1\"><strong>Use your cards smartly for your regular expenses, track them diligently, and pay off bills timely and in full.<\/strong><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ef8272a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"7ef8272a\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-332940b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"332940b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1dc5939\" data-id=\"1dc5939\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-502c7cf elementor-widget elementor-widget-text-editor\" data-id=\"502c7cf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">With economies going cashless and the convenience offered by digital or card based payments, more and more people are using credit cards. Credit cards offer so many rewards, points and cashbacks on your expenditure that they become a very attractive option. But are credit cards actually beneficial for a customer? Or do these rewards only encourage you to spend more? Well, that depends. There are two kinds of credit card customers for a bank. One that they make money off and the other that they lose money on. In order to make sure you are benefitting from credit cards instead of falling into the debt trap, you need to be cognizant of the various pros and cons of its usage. Let\u2019s explore some of these to evaluate how you can leverage credit cards to your advantage.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-356eb6f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"356eb6f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a635c18\" data-id=\"a635c18\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a7b83c6 elementor-widget elementor-widget-image\" data-id=\"a7b83c6\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"739\" height=\"468\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1.png\" class=\"attachment-medium_large size-medium_large wp-image-1605\" alt=\"credit card\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1.png 739w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1-300x190.png 300w\" sizes=\"(max-width: 739px) 100vw, 739px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-805fc7a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"805fc7a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9052a14\" data-id=\"9052a14\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-edc90df elementor-widget elementor-widget-heading\" data-id=\"edc90df\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Biggest advantages of a credit card\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3442269 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3442269\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-827e3cb\" data-id=\"827e3cb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4f5a0ff elementor-widget elementor-widget-heading\" data-id=\"4f5a0ff\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Building a line of credit\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b480d0f elementor-widget elementor-widget-text-editor\" data-id=\"b480d0f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">The biggest benefit a credit card has to offer is not the rewards or cashbacks, but the assistance in building a credit history. Using a credit card while ensuring you pay off bills, dues or loans on the card in a timely manner helps you build a clean credit history. This is an important factor in assessing your credit worthiness when you apply for a loan in the future (such as mortgage, car loan, education loan, etc.).\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-48d4a9a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"48d4a9a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b0cb9f5\" data-id=\"b0cb9f5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-40fdc77 elementor-widget elementor-widget-heading\" data-id=\"40fdc77\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Easy access to credit\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-e081cef elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e081cef\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-59ec00c\" data-id=\"59ec00c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a94f0ab elementor-widget elementor-widget-text-editor\" data-id=\"a94f0ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Although a credit card loan is considered <\/span><a href=\"https:\/\/www.cashvisory.com\/blog\/debt-the-good-the-bad-and-the-grey-in-between\/\"><span style=\"font-weight: 400;\">bad debt<\/span><\/a><span style=\"font-weight: 400;\"> as it is a high interest loan, it can be a saviour in times of emergencies. If there is a sudden need for cash over and above our <\/span><a href=\"https:\/\/www.cashvisory.com\/blog\/are-you-prepared-for-financial-emergencies\/\"><span style=\"font-weight: 400;\">emergency funds<\/span><\/a><span style=\"font-weight: 400;\">, credit cards can offer quick and easy access to credit without the hassle of going through approvals or disbursal delays. You usually have a 30-60 day grace period to pay back this amount without interest being charged on it, making it free access to credit.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8fd0ecb elementor-widget elementor-widget-heading\" data-id=\"8fd0ecb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Fraud protection\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a57d46a elementor-widget elementor-widget-text-editor\" data-id=\"a57d46a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Card scams and frauds are on the rise with data being stolen and used for unauthorised purchases. They can affect both credit or debit cards. However, with a debit card, the amount gets deducted directly from your bank account and it offers no fraud protection. For an unauthorised transaction on your credit card, your bank or the merchant where you made the purchase will bear the liability in most cases. Besides, there is always a timeframe within which you can call the bank to cancel unauthorised transactions. Thus, it is safer for the holder of the card.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6fc4a5a\" data-id=\"6fc4a5a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cb50d5f elementor-widget elementor-widget-image\" data-id=\"cb50d5f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"500\" height=\"645\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image2-2.png\" class=\"attachment-medium_large size-medium_large wp-image-1607\" alt=\"Easy access to credit\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image2-2.png 500w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image2-2-233x300.png 233w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-38eaf8e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"38eaf8e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b85e055\" data-id=\"b85e055\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ea810cd elementor-widget elementor-widget-heading\" data-id=\"ea810cd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Rewards and incentives\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-172edc8 elementor-widget elementor-widget-text-editor\" data-id=\"172edc8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Credit cards offer attractive rewards, points or cashbacks. All of these are virtually free for the cardholder and provide some extra savings or bonuses on your purchases.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-14033a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"14033a5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-732bf67\" data-id=\"732bf67\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c66ebd4 elementor-widget elementor-widget-heading\" data-id=\"c66ebd4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Biggest disadvantages of a credit card<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71faba6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71faba6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eb1588a\" data-id=\"eb1588a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73f35dd elementor-widget elementor-widget-heading\" data-id=\"73f35dd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">High interest on loans\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66c35bf elementor-widget elementor-widget-text-editor\" data-id=\"66c35bf\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you do not pay off your credit card bills on time and let the dues roll over month on month, the situation can spiral out of control very fast. Credit cards have exorbitantly high interest on the amounts borrowed and can amount to 30-40% interest per annum. Paying such high interests can never be balanced out with any amount of cashbacks and rewards and you may end up financially worse off on the other side.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a9fdec5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a9fdec5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-12ae8bb\" data-id=\"12ae8bb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-62db5fb elementor-widget elementor-widget-heading\" data-id=\"62db5fb\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Easy to overuse\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ece8e33 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ece8e33\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-0356a71\" data-id=\"0356a71\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-345ccbb elementor-widget elementor-widget-text-editor\" data-id=\"345ccbb\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">With how convenient it is to swipe a card, it is safe to say that credit cards are not necessarily a shopaholic&#8217;s best friend. Combine this with no immediate deduction from your bank account, it is easy to lose track and get carried away with your spending. Unless you monitor your credit card spend diligently and treat it the same way you treat your cash withdrawals, it can be detrimental to your saving habits and can push you further away from your goals.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-c67583e\" data-id=\"c67583e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-35f3918 elementor-widget elementor-widget-image\" data-id=\"35f3918\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"866\" height=\"669\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image3-1.png\" class=\"attachment-large size-large wp-image-1608\" alt=\"overuse of credit\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image3-1.png 866w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image3-1-300x232.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image3-1-768x593.png 768w\" sizes=\"(max-width: 866px) 100vw, 866px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-60b7488 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"60b7488\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-721a4ae\" data-id=\"721a4ae\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-036b762 elementor-widget elementor-widget-heading\" data-id=\"036b762\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How should you be using your card?\n<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7e75500 elementor-widget elementor-widget-text-editor\" data-id=\"7e75500\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">It\u2019s pretty straightforward. Reap the benefits of your credit card but avoid the pitfalls we have shared above. That\u2019s all.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4219208 elementor-widget elementor-widget-image\" data-id=\"4219208\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"755\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image4-1-768x755.png\" class=\"attachment-medium_large size-medium_large wp-image-1609\" alt=\"credit card dos and donts\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image4-1-768x755.png 768w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image4-1-300x295.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image4-1.png 999w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b91b5e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b91b5e0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8858799\" data-id=\"8858799\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8189116 elementor-widget elementor-widget-heading\" data-id=\"8189116\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bottom Line<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e74a22 elementor-widget elementor-widget-text-editor\" data-id=\"1e74a22\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Like most things, the saying \u2018excess of anything is bad\u2019 applies to credit cards too. You need to take a long hard look at whether you are really reaping the benefits of a credit card or making the issuer of your card very rich by walking right into the trap of debt driven overconsumption? As long as you go by the golden rule of not spending beyond your means (emergencies aside), you are well positioned to reap the many benefits it has to offer. Our parting words for you: don\u2019t make money for the issuer of the credit card, do it for yourself.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Credit cards offer various benefits to the holder such as helping them build a credit history, offering easy access to credit, fraud protection and rewards &amp; incentives. The biggest pitfalls of credit cards can be ease of overspending and high interest rates. Use your cards smartly for your regular expenses, track them diligently, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1605,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,6,33],"tags":[],"class_list":["post-1604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-expenses","category-loans","category-personal-finance"],"uagb_featured_image_src":{"full":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1.png",739,468,false],"thumbnail":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1-150x150.png",150,150,true],"medium":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1-300x190.png",300,190,true],"medium_large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1.png",739,468,false],"large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1.png",739,468,false],"1536x1536":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1.png",739,468,false],"2048x2048":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/04\/image1-1.png",739,468,false]},"uagb_author_info":{"display_name":"Admin","author_link":"https:\/\/www.cashvisory.com\/blog\/author\/admin\/"},"uagb_comment_info":10,"uagb_excerpt":"Key Takeaways Credit cards offer various benefits to the holder such as helping them build a credit history, offering easy access to credit, fraud protection and rewards &amp; incentives. The biggest pitfalls of credit cards can be ease of overspending and high interest rates. Use your cards smartly for your regular expenses, track them diligently,&hellip;","_links":{"self":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/comments?post=1604"}],"version-history":[{"count":5,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1604\/revisions"}],"predecessor-version":[{"id":1658,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1604\/revisions\/1658"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media\/1605"}],"wp:attachment":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media?parent=1604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/categories?post=1604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/tags?post=1604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}