When I was still teaching in preschool six years ago, a credit card agent came to our school and offered us application forms. I filled it up and my application was immediately approved. I'm still carrying that card from the same bank. I think I reaped more rewards than risks and losses in having a credit card.
Here are a few reasons why I decided to get one:
- I wanted to build credit. I needed to be credit worthy and I think this is one of the reasons why our housing and car loans got approved easily. I haven't applied for any personal loans yet because I honestly can't afford paying for one. I strive to maintain my being credit worthy by paying my bills on time and paying the whole monthly dues whenever I can.
- I wanted to be able to buy plane tickets online. Yes, my husband and I love to travel but we only travel when we have extra money to spare. It is just convenient to be able to buy tickets and other products online with a credit card. Oh, I also pay for my domain renewal and site hosting with my credit card.
- I wanted to enjoy the perks offered by my credit card company. I earn miles for every Php 33 pesos I spend. I also get to exchange my charge slips with SM gift cheques or Starbucks treats.
- I wanted to have something I can use for emergency purchases. Thankfully, I haven't used my card yet for this purpose. Emergency purchases for me will have to include my maintenance meds and extra hospital charges.
Do you have a credit card? What are your reasons for getting one?
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