Many consumers enjoy the benefits of a credit card every day, while others use theirs more selectively, for large purchases or while traveling. Although the frequency at which you use your credit card is a very personal one, there are a few occasions when it is always a good time to use your credit card:
- During a financial emergency – If your furnace breaks and the weather is supposed to fall below freezing, what do you do? Because not many people have access to a large sum of cash – especially in a pinch – credit cards are a popular choice for getting us through life’s unexpected financial emergencies. Credit cards may also have lower interest rates and more liberal repayment terms than financing a large purchase through a company, so it pays to bring out your credit card during these times.
- When making a large purchase – If you have a credit card with a low, fixed interest rate or a credit card with a low, promotional rate, it may make good financial sense to use it to make a large purchase. For examp
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