Not everybody uses credit cards, and many people have good reasons not to. You can make them work for you however if you use them correctly. Rather than using them as a source of money when you have none simply use them to delay paying for items. For example if you get paid at the beginning of the month and then spend your money using a debit card the money is out of your account immediately. If you use a credit card to pay for items you can leave that money in your account until the credit card bill comes. This means it is earning interest for you rather than the credit card company. This of course requires will power as many people find it difficult not spend more they can afford when they don’t see it disappearing from their account straight away.

A second but riskier way of making credit cards work for you is to transfer the balance of them to other cards. This is getting more and more difficult to do as the credit card companies are wise to this loop hole. The idea is to use a card for your day to day purchases and before you start getting charged interest transfer the balance. Many credit card providers offer 0% interest on balance transfers so you can leave the money in your account for longer before having to use it to pay of the balance without incurring interest. Be careful of transfer fees though as some providers now charge a one off percentage for transferring a balance to them, this is to prevent people taking advantage of the process described above.