Advantages and Disadvantages of Having A Credit Card

Credit Card / Gold & PlatinumConsidering if investing in a credit card is a smart decision for you? Money MindEd is here to help you determine if now is the right time to invest. Here is our list of advantages and disadvantages to owning a credit card.

Advantages:

Building Credit: The greatest advantage that comes along with proper credit card use is building a good credit history. Credit is based on how long you have had credit and how reliable you are with making monthly payments. Starting to build credit early as a teenager or college student can help you in the future when you need a loan. Read more…