Why should I apply for a Credit Card?
Owning a Credit Card opens up a number of doors in personal finance for you.
Firstly you gain incredible flexibility in your spending. You can buy now and pay later, manage your outgoings more carefully and access emergency money at any time.
Secondly, you can build a Credit score. Using a Credit Card regularly and then repaying the balance every month will help you build a better Credit rating. This in turn makes it easier for you to secure a mortgage or larger personal loans. For most of us, buying a house is the largest life expense we will incur – so if running a Credit Card can help secure a better mortgage deal, it has to be a very good idea!
Finally, owning a Credit Card is also a great way to enjoy lifestyle perks. For example American Express Membership Rewards Points can be exchanged for hotel stays, air miles and a variety of other benefits – just from using the Credit Card.