By: Elena Grace Flores
LOW CREDIT LINE CREDIT CARDS are good to have just as proof of your financial standing – for as long as you’ll make sure to pay promptly during due dates. When you are successful in doing this, most issuing banks will automatically offer an increase to your credit line. However, it is best to conduct a reality check on your financial capability. If this kind of credit cards will end up ruining your financial status, then get a debit card instead.
Debit cards do not have credit line. You have to fund it to be able to use it the same as a credit card. However, if you just need the convenience of using a credit card and does not really need the minimal credit line offered, then no need to get LOW CREDIT LINE CREDIT CARDS.
This way, you won’t have to pay interest for the credit facility used and save also on the membership fee and other hidden charges. The charges of debit cards will be too low that you oftentimes don’t feel it. so, save yourself from future headaches and just stick on debit cards – while you are still building your financial portfolio.