If you have not yet established a credit record for yourself or you are in the process of rebuilding your credit, getting a credit card can greatly help you. The fact is, credit cards are one of the best ways to build a credit history and increase your credit worthiness. If you wondering why you need to build your credit, consider the following reasons:

1. Having a credit history makes it far easier to obtain utilities like gas, electricity and phone services in your personal residence. Without a credit history, you may be asked to put down a large cash deposit to ensure that you will pay all your bills on time.

2. If you plan to ever buy a house or condo, the higher and more extensive your credit history is, the better the rate you will obtain for your mortgage.

3. If you ever want to get a degree and borrow money to pay for it, having a credit history will make it far easier to qualify for a good loan.

4. If you ever want to open your own business, you need a positive credit history in order to obtain a business loan or line of credit. In short, you have much to gain by establishing credit for yourself as soon as you can. The earlier you begin building your credit history, the more advantages you will create for yourself for any future plans you may have.

You can build credit in many ways, such as having a department store credit card, or taking out a small loan at a bank and paying it off, but having a credit card is actually a far more effective way to build your credit. The simple reason for this is that you can use a credit card to pay for all your regular and ordinary expenses for which you might be paying cash, and in the process, you are literally building your credit record.

For example, at the very minimum, you might as well use a card to pay for all your grocery purchases, gas station fill-ups, and clothing purchases. By paying off these purchases in full when you receive your credit card statement each month for as little as two years, you can be taking advantage of hundreds of simple opportunities to build yourself a credit history without any risk or pain.

So if you do not yet have a credit history or if are trying to improve your credit, don't wait any longer to apply for a credit card and begin using it as often as you can on your ordinary daily purchases. Many banking institutions are seeking new credit card business and are eager to find new applicants who need to build their credit history. They are especially interested in college students, young professionals, and people seeking cards in order to get special benefits such as airline miles or bonus points, and so you can find many attractive deals online from banks catering to your needs.

Copyright 2005 Ed Vegliante.

About the author:

Ed Vegliante runs the website http://www.Credit-Card-Surplus.com , a well organized credit card directory enabling the consumer to compare and apply for a variety of credit card offers. Find links to secure online credit card applications.