One of the keys to financial success is never to apply for a credit card.

Question

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Credit cards can be expensive if they are used extensively. However, credit cards can be a convenient and safe way to make certain types of purchases, and if users pay off the monthly balance before interest is charged, they can avoid the expense of finance charges. Many merchants demand credit cards as a form of identification. Credit cards also provide a recordkeeping system for purchases. Finally, credit cards offer some protection against theft: if cash is stolen, it is simply gone; if a credit card is lost or stolen, the holder can simply cancel the card, thus limiting the loss.

One of the Keys to Financial Success Is Never to Apply