Credit cards give a whole lot of convenience to the wise user and is something that is quite hard to live without nowadays. Business people and frequent travelers don’t have to carry that much cash when they go out and it can also be a useful tool for building credit ratings.

The problem lies with misuse, if one does not know how to handle and manage credit cards the right way, huge debts are the most common consequence. It takes a lot of planning and discipline before you go ahead and apply for a credit card. The huge responsibility it entails should always be taken into consideration. This