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Shop ‘til you Drop? The Pros and Cons of Having a Credit Card

Confessions of a Shopaholic

You know how fabulous it is to walk across the shopping mall with all those shopping bags you carry along. Your face draws a gleeful smile as you pass by people who stare at you with envious eyes. And it’s just all the more fabulous to see if you were able to get all those bags in just one swipe.

That’s the power of credit cards. Just one swipe and get what you want – for a price, of course!

If you’re thinking about whether to get a credit card or not, here is a list of the pros and cons of owning one.

The Pros

Card in Shining Armor – Need money for a sudden medical surgery? Credit cards can give it to you in a snap of time without the hassle of piling loan documents. You also have the flexibility of paying it over time.

“I lost my cash! What to do?!” – Let’s say you were walking along a dark street and someone tried to rob you on gunpoint; chances are you will lose all your cash to that criminal. But for credit card, who will risk his freedom to rob someone just for the sake of getting a card which can be cancelled anytime?

Save your Life – Of course, your credit card statement will give you an itemized list of your expenses. This will enable you to evaluate your monthly expenditures without the worry of losing any tangible bills.

“Oh, excuse me. I have my card with me” – You can use credit cards practically anywhere, even overseas! So, if you see a really splendid bag in Paris, and you are dying to buy it but lack resources, credit card is your savior.

Like A Boss – Did you know that can choose to consolidate your bills in one credit card and pay them all in a single swipe? So awesome.

“Here’s some gifts for you!” – Some credit cards offer great rewards such as free travel for their customers. When you make purchases using the credit card you can collect points; these points accumulate and can be used to get free items. That’s a nice motivation for you to shop a lot and pay your dues on time.

The Cons

Its Name – After all, it’s called a credit card, so it’s basically debt, which no man wants to be accountable for.

Too Much Credit Will Kill You – Yes, it will. Do not misuse, abuse, or otherwise “over-swipe” your credit card. Or else what? Oh, what’s that famous line from Fight Club? “The things you own end up owning you.”

Fight Club

It’s Not about the Money, Money, Money – It’s about the illusion of having unlimited cash and the boatloads of late free charges that will drain your bank account so fast, it’ll make your head spin.

So, to have a credit card or not? It totally depends on your ability to manage your finances and control your Rebecca Bloomwood alter-ego. You can watch “Confessions of Shopaholic” or all the better, read the entire book series by Sophie Kinsella so you’ll get what I mean.

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