Is a credit card good for financial health?

Is credit card good for financial health? or not?

Like loans, using credit cards can help you build a positive credit history. (if payments are made on-time) This can enhance your ability to receive a private student loan, buy a car, rent an apartment, get a job, and eventually, try to buy a house. Of course, there are other advantages to having a credit card including:

Security in emergencies;
Reduced need to carry cash or checks; and
Enhanced personal responsibility and independence.
However, only one national card like a VISA or a MasterCard is necessary to receive these benefits.

When making your decision about a credit card, ask yourself the following:

Do I need a credit card?
Can I afford a credit card?
Will I be able to pay off my balance each month?
If you decide to apply for a credit card, be a smart consumer and shop around. Look for a company that offers the following:

Low interest rates or finance charges (combined, they are called APR)
Low or no annual fees
A grace period (time during which no payments are due) before finance charges are posted
Other benefits including purchase warranties, free gas, airline miles, etc.

Credit cards can be helpful in emergencies or if you are able to pay off the balance each month, but be wary! Credit cards can also get you into trouble.