Here are 3 reasons why you should get a credit card.

  1. You can build your credit history

There may come a time when you need to borrow money from the bank, especially if you don’t have a house or a car. How does the bank decide whether to lend you money or not? They look at your credit history. Your credit history shows how likely you are to pay back a loan. You can easily build a strong credit history with a credit card by paying back your bills on time.

  1. You can earn rewards

Did you know you can save money just by using your credit card, instead of a debit card, to buy the stuff that you always buy? Credit cards usually provide perks and rewards that are much better than those of debit cards.

  1. You can have grace periods

With a credit card, you don’t need to have cash to make purchases. When you use a credit card and pay it back on time, you are basically borrowing money from the bank with no interest. If you use this grace period wisely, you can plan your finances better.