Improving Your Personal Finances Through Credit Cards

It may sound a bit obvious, but credit cards can help you build up your personal finances. Here’s how:

They can function as your emergency fund.

Financial experts are always saying you should save three to six months of your expenses in an emergency fund, recent polls show that many Americans simply aren’t able to save enough for unforeseen expenses. A credit card ensures that emergencies won’t leave you unable to pay your rent, childcare or other necessary expense.

They safeguard your identity.

If you perceive using credit cards as unsafe, think again. Credit cards are specifically designed with fraud protection that simply isn’t available using cash or even debit cards. If your card is stolen, card purchases can be immediately halted with a simple phone call to the customer service line.

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