If you default, it will appear on your credit history for a long time. But a credit card needs to be in your name to be a credit reference for you. Not all credit cards are created equal. Interest rates and terms vary widely, and you will also need to consider annual fees and benefits offered. Be careful not to make a policy of using a credit card whenever you want something you can't afford.
Credit cards can be useful for making purchases over the phone or in an emergency.
Think carefully about how you're going to pay off the amount when it comes due. Pay your credit card balance every month. Paying just the minimum means you'll also be paying a lot of interest. We welcome your feedback . Click here .