#9: “Never Use Credit Cards”
Yes, the interest rates on credit cards can be rather high and it is easy to overspend on credit cards, however having a credit card is also a benefit. First, it helps a person establish a credit history and credit score. Second, some places require a credit card, not simply a debit card, for services like renting a car or hotel room. Lastly, sometimes the interest rate is better on a credit card than it is by using an in-house payment option, like at your dentist’s office.
