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A credit card has many advantages - to those who pay on time. Apart from it being a source of great cash flow when you don’t have the funds on spare, a credit card lets you in on the action by having you avail of many freebies and gift certificates. Plus when you use credit card for shopping, it has never been this easy and convenient.

Here are some reasons why a credit card is good for you and your pocket.

1. A credit card is fast, easy, and reliable- In replace of cash, use plastic, as they say in the shopping malls. No money involved here. You just swipe your credit card and you’re done. You get home with your purchases. Plus, you can also have access to your money wherever you are, depending on the credit card plan that you avail and you can use it anywhere on Earth. When unexpected payments come, you can also use your credit card in a jiffy.

2. A credit card is manageability- When you use credit card for shopping, you are able to track down your expenses, what you have bought and any activity done on your credit card. You can also pay your bills without leaving your home - just by logging on to your computer and paying online. You also have the ability to know how much credit limit you have when you receive notifications from your bank via email, and they can also inform you whether some mysterious transactions are being made in your credit card.

3. A credit card can be flexible- When you use credit card for shopping, for instance, you have the power to buy anything anytime. Since this is in replacement of cash, you just need to have it swiped and you go home with your purchases. If you go on a trip and you didn’t bring money with you, go use your credit card. This is also good for those unexpected purchases and costs. What’s more, you get to pay all your purchase sixty days later which would give you ample time to save.

4. A credit card is actually a good investment- As long as you pay on time, a credit card is a good investment. There are actually some banks which give you rewards for using your credit card. So if you are faithful in paying your bills, you are sure to have a couple of incentives such as a two-way ticket to a particular destination, shopping sprees, gift certificates, or even free movie and concert tickets.

5. A credit card protects you from fraud- Unlike a debit card where you need to withdraw and the money immediately gets removed from your account, a credit card protects your money and doesn’t release the cash until one month later. The credit card company safeguards your cash from possible nuisance transactions, provided you take some action to protect pin number and your card.

6. A credit card lets you build a good credit rating- Manage your credit card well so you can have a healthy credit card rating.

Joy is an active blogger who is fond of sharing interesting finance management tips to encourage people to manage their personal finances. More specifically, she advocates that people should check 3 credit reports regularly.