I've written about how I got into debt a few years ago.They were all because of my credit cards. When an agent first handed me that application form on the street I was excited. It was a formal declaration that I am now a member of the workforce and that I also 'need' a credit card. I jumped right in without researching about credit cards, interest rates, annual fees, etc.

As a result, I was in debt for five years. I was only able to pay my very last credit card debt last month. The bills were piling up and so are the interest rates. That is why people I think it is my duty to inform people on how to educate themselves first before getting their own credit card. First, know what you need. It is quite true that they come in handy when you are short in cash but if it's just purely for emergencies, then I suggest that you get a low interest credit card. It's supposed to give you the best deal and the lowest fees as supposed to a business credit card which is more ideal for (yes you guessed it right) businesses and people who need to spend but will be surely reimbursed by their company. Most of these have bigger credit limit but the fees might be higher too.

There are also people who just need the plastic to make purchases online or just enjoy the convenience of swiping without having to go to the machine to get cash. Then why not get a prepaid debit card? It works just like a credit card but the big difference is that you put cash in it. No money, no spending but no debt.

There's more professional advice for the credit card shopper on CompareCards.com.

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