15 January 2008
With credit cards so easily accessible with many credit card companies and banks offering so many different products to gain your business and boost their profit margins, one of the questions many people ask is do I really need this credit card, especially after spending freely leading into Christmas.
The short and simple answer is that if you don't need a credit card then you should certainly apply for a debit card.
Almost all organizations, telephone companies and pay television providers such as Foxtel in particular will charge you a fee for sending you out a statement if you don't have a direct debit in place for them to draw on.
Having a credit card or a debit card for them to draw directly without having to send you out a statement can save you more than $60 a year.
Then you have other companies, such as the power companies that will charge you for any late payments.
Credit cards can certainly be a handy tool if used correctly. If you are worried about your credit rating and don't think you can get a credit card then you can apply for a debit card.
Nearly all the major banks have a Visa or Mastercard debit card that can give you the same advantages of paying for bills, buying goods either in person or online that you enjoy with your credit card.
Credit Rating