In the last few years credit cards have spread all around the world and have got really popular. Whether you want to book a hotel or flight online, want to pay your bill in the restaurant or want to lend a car on your holiday, you always can use your credit card. Credit cards are accepted worldwide and have many advantages compared to debit cards. If your credit card gets stolen and you call your bank to freeze your account you are only liable for the small amount. The main advantage of a credit card is the credit limit. It gives you the possibility to make an expensive purchase without taking an additional loan.
You should be aware that a credit card credit limit can be a debt trap. A credit card company will charge you a high interest rate on the money you owe them. However, to get accepted by a credit card provider you have to be over 18 years old and your credit rating shouldn’t be too bad. The better your credit history, the more likely you are to be accepted for a credit card.
There are many special credit cards, like charity credit cards, football credit cards or student credit cards. The rage is unwieldy and it is very difficult to find the perfect credit card.
You have to pay attention on different fees and conditions.