Credit cards should never be seen as 'free money'. While they do offer more grace than a debit card in the amount of time between spending and paying, the important matter of repayment is never far behind.
It is therefore important to make sure that whatever you spend on your credit card can be accounted for as part of your overall budget.
Keeping your credit record healthy is important so as to ensure that you are not blacklisted or refused credit in the future. One of the easiest ways to find yourself denied a credit card or loan at some point in the future is to rack up large debts on a credit card and get into financial difficulties. Further, mistakes from the card provider or credit card fraud could also see you blacklisted through no fault of your own. It is therefore vital to keep a close eye on your credit card bills and deal with any anomalies immediately. This is because if you find that you have been blacklisted only when applying for another card or a loan, it could have result in you being denied the new application before having had a chance to sort out the initial problem.
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