For many people, owning a credit card is something the most normal thing in the world. Particularly in the US and Canada, this is paid for on the assembly line. Something we have learned a lot less here in Europe. Yet here too, the application for the credit card is usually arranged quickly and easily, and only brings benefits. So you no longer have to go to a restaurant with cash, and the weight of your wallet also decreases, because you now only have to take a pass instead of all that little money. This can be especially useful abroad if you bring large amounts of money, it reduces the chance that you will lose your hard-earned money to a thief.
If there is an emergency situation you can always trust your credit card. In addition, all your purchases are insured for 180 days. Something that does not happen when cash is paid or debited. You can also take out travel insurance there. These are of course a number of major advantages that you must weigh up against the negative sides of the credit card before you actually apply for one.
A major disadvantage is that an amount is borrowed from an agency that also expects this back with interest. So a purchase that is made is more expensive because, in addition to the purchase amount, part of the interest has to be paid. That is why the credit card application must be carefully considered. in addition to the purchase amount, part of the interest has to be paid. That is why the credit card application must be carefully considered. in addition to the purchase amount, part of the interest has to be paid. That is why the credit card application must be carefully considered.
There are, for example, a number of well-known players in the credit sector, but also less well-known banks and lenders. Consider Cream Bank for a major player, and Cetelem as a minor player. It is of course important to compare the credit cards. This is because there is still a difference in conditions that are imposed on the person who wants to apply for the credit card. The lenders are bound by a number of rules, but some providers are a lot stricter than others.
Different credit cards
In addition to different providers, there are different cards with different costs. A normal one is also the ‘classic’ card that costs between 0-30 dollars annually. With this you can borrow an amount up to approximately $ 3000. In addition, there is a so-called ‘Gold’ credit card. These allow expenses of up to $ 5,000 a month. In the latter category, there are ‘Platinum’ credit cards that, in addition to allowing a higher limit, also include more services and insurance. However, these cards often cost more than $ 200 a year.