Credit money is money that is backed by a promise to pay made by someone other than the state. Credit is denominated by a unit of account. Unlike money (by a strict definition), credit itself cannot act as a unit of account. Many forms of credit can readily act as a medium of exchange.Advantages  :     If you have an unexpected, large purchase, credit allows you to buy it instantly and settle up later. Though you end up paying more, it enables you to spread the cost of expensive purchases, like computers. And if you shop around for a low-interest rate, this needn't be too costly.Disadvantages  :    It's easy to lose track of what you've spent - lots of small purchases can quickly add up, especially as statements come through just once a month. If you don't keep up the minimum repayment, you can get into trouble. The goods you've purchased may be repossessed, you'll end up paying a lot more than the item is worth and you may affect your credit rating - making it hard for you to get a mortgage, car loan or credit card in future. Credit cards issue a monthly spending limit.                         If you get a credit card, you keep it safe. http://your_home_page_url/ Your copyright information If you are a first time credit card user or have had credit cards for years- it is important to know about possible scams that you can be exposed to. Although many credit card companies are perfectly honest- there are also many dishonest ones who want to rip you off. If you are unaware of the http://www.articles.travelmycity.com/Finance/articles_Avoiding-Credit-Card-Scams.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Avoiding-Credit-Card-Scams.htm Rewards credit cards reward cardholders for using the card. In essence- the issuer offers you a financial incentive to buy and use them. The incentive is offered in terms of rebates- store discounts- points that can be redeemed for specific purposes and airline flyer miles. Choos http://www.articles.travelmycity.com/Finance/articles_Rewards-Credit-Cards--Reward-Offers.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Rewards-Credit-Cards--Reward-Offers.htm What Is A 0% APR Credit Card? Many of us have heard about them- but has anyone every explained 0% APR credit cards to you? Well- for starters- the APR or annual percentage rate is the rate of interest credit card companies charge on outstanding payments. The amount you are charged depends not http://www.articles.travelmycity.com/Finance/articles_0-percent-APR-Credit-Cards-Explained.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_0-percent-APR-Credit-Cards-Explained.htm Student credit cards are looked at by most students as an easy way to spend more money. But using every student credit card that is thrown at you does not make much financial sense. Used properly a student credit card can prepare you for the future and enhance your money management and planning http://www.articles.travelmycity.com/Finance/articles_Student-Credit-Cards-Planning-For-The-Future.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Student-Credit-Cards-Planning-For-The-Future.htm A very popular option these days is the credit card that gives you cash back on some of the purchases you make. A couple of credit cards are even giving back as much as 5-10%. But before you go out and get one of these for yourself- there are some things you should know about first. This articl http://www.articles.travelmycity.com/Finance/articles_How-To-Get-Your-Best-Cash-Back-Credit-Card.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_How-To-Get-Your-Best-Cash-Back-Credit-Card.htm Credit cards are often the cause of financial troubles for many people today. They are often so easy to get - but they can also be so hard to control. However- by taking advantage of some special balance transfer credit cards- help can be found that could bring some ease to financially tight s http://www.articles.travelmycity.com/Finance/articles_How-To-Choose-The-Best-Balance-Transfer-Credit-Card.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_How-To-Choose-The-Best-Balance-Transfer-Credit-Card.htm Credit cards are a valuable tool in today’s society- and have many benefits including improved cash flow and buyer security. However- credit cards have dangers too- and if they are used badly or you are unaware of the potential problems- you could end up paying out a lot of money and getting http://www.articles.travelmycity.com/Finance/articles_Watch-out-for-hidden-dangers-in-your-credit-card.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Watch-out-for-hidden-dangers-in-your-credit-card.htm Business credit cards are certainly becoming the way to go these days. Ever wonder if they might know something that you don/' t. Many businesses are using them- and it may be time that you look at what it might be able to do for your company. This article will show you a few ways that you can http://www.articles.travelmycity.com/Finance/articles_How-A-Business-Credit-Card-Can-Benefit-Your-Business.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_How-A-Business-Credit-Card-Can-Benefit-Your-Business.htm Great deals on credit cards are available now at your nearest credit card dealer - or in your mailbox. The time for getting a really useful card can now be obtained. Because of competition- the credit card companies have now decided to give something back in exchange for your payments - on a re http://www.articles.travelmycity.com/Finance/articles_Getting-The-Best-Rewards-Credit-Card.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Getting-The-Best-Rewards-Credit-Card.htm Even now- many individuals are denied cell phones simply because of a poor credit history. When applying with a carrier- most people have to complete an application- undergo a credit check and await a decision. In the beginning- this was the only option available for those who desired the us http://www.articles.travelmycity.com/Finance/articles_Credit-History-No-Longer-An-Issue-For-Obtaining-Cell-Phones.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Credit-History-No-Longer-An-Issue-For-Obtaining-Cell-Phones.htm Right now- there are a lot of people who are enjoying the freedom of getting and using low interest credit cards. Others are struggling- and slowly finding themselves starting to be overcome by the high interest rates on their cards. You know the story- at first- it wasn/' t much- but now t http://www.articles.travelmycity.com/Finance/articles_Getting-Low-Interest-Credit-Cards.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Getting-Low-Interest-Credit-Cards.htm Getting those bills in the mail is not much fun - especially the credit card bills. But what if- every time you got a bill- you also were informed about how much money your purchases had earned - wouldn/' t that make it more interesting? That is exactly what credit card rebates does for you. M http://www.articles.travelmycity.com/Finance/articles_Credit-Card-Rebates-How-To-Get-Yours.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Credit-Card-Rebates-How-To-Get-Yours.htm Every young student going off to college wants the liberty of having their own credit card. What a great privilege it is- and sometimes- it could even be a great gift idea for a student- too. If you are in the process of choosing your first student credit card- or helping that special studen http://www.articles.travelmycity.com/Finance/articles_Student-Credit-Card-Choosing-Your-First-Card.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Student-Credit-Card-Choosing-Your-First-Card.htm Does your business pay too much for its credit card? Too many businesses just settle for a basic credit card from their local bank. Those businesses end up paying too much interest or high annual fees. For the money you already give the bank- doesn/' t your business deserve better? http://www.articles.travelmycity.com/Finance/articles_Choosing-a-Business-Credit-Card--Comparing-Business-Credit-Card-Applications.htm Thu, 08 Jan 2009 09:52:47 -0800 http://www.articles.travelmycity.com/Finance/articles_Choosing-a-Business-Credit-Card--Comparing-Business-Credit-Card-Applications.htm