Either they just see no real need for credit cards and the mess that goes with them, or they may have had it drilled into their head to not have credit cards by parents who have experienced the woes of credit cards.

Some people are definitely on the other side of the story and their wallets are loaded with credit cards. People who have several credit cards are actually borrowing money at a high interest rate, because they rarely pay off their balances every month.

Do you avoid credit cards like the plague, or do you charge so often you forget what shade of green a dollar bill is?. If you’re reading this article, you are probably somewhere in the middle, or most likely you don’t have a credit card but you are thinking about applying for one.

The decision to get a credit card will likely depend on where you are financially and your personality type. We all would love to say that we handle our money perfectly but this is not true.

If you have trouble budgeting your money, getting a credit card should not be your top priority, because you have to be ready for credit. You could likely handle credit if you are on a monthly budget, buying just what you need when it is needed, paying your bills on time and putting money in your savings each month. When you have been able to keep from going into debt, it could be alright to get a credit card, but you should first of all, ask yourself why you want a credit card.

Is it because you can’t afford the life you want to live and want to borrow money to buy what you want?. If these are your reasons for applying for credit, reconsider your finances and do NOT get a credit card.

If it is because you just want to be able to swipe your card and go when you are shopping, you can easily use a debit card from your bank the same way. You will probably be asked if it is debit or credit, and if you choose credit you can sign your name and go just as you do with credit.

A credit card which earns you reward points may work for you if you are confident you can pay off your balance every month, such as a gas reward credit card. These cards will only be worthwhile if you always pay off your balance, or else you’d be canceling out the amount you receive from the rewards and still owe more in interest charges.