Friday, July 15, 2011

Why Getting A Traditional Credit Card Is A Bad Idea

A good alternative to getting a traditional credit card is the Green Dot Credit Card, which is a prepaid credit card. At first sight a traditional credit card might seem like a good idea, however there are downsides to having and using one of those cards.

With traditional credit cards it's easy to mess up your credit score because it's easy to make impulse purchases that you might not have the money for when the bill comes due. Making late payments on your credit card bill can be bad on your credit score.

With the Green Dot Credit Card you avoid this dilemma because you can't spend more than you have loaded on your card so there are no interest charges or late fees. It is also easier to get this prepaid card then it is to get a traditional credit card .

If you want a credit card it would be worth looking into this card.

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Mister Linker

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