As someone with marginal credit, you may believe that having a credit card is impossible, or at least not very beneficial. But there are numerous positive benefits to having a credit card, regardless of your credit score.

Better financial organization: One of the main reasons to have a credit card is its ability to help you improve your financial organization. With a credit card, you can monitor your spending so you can better determine where your money is spent. You can also use a credit card to pay for your bills and large purchases with more spending efficiency and track your payments to ensure everything is paid on time.

Building credit: Credit cards and their associated companies often report your purchase and payment history to the three major credit bureaus (TransUnion, Experian, Equifax). This can help you rebuild and maintain a good credit score. Your credit score is a credential used by lenders to determine whether or not you’re eligible for a loan. A good credit score is also necessary for renting or purchasing a home.

Protection from fraud: Credit cards are one of the most secure payment methods. Credit card companies have strict security measures in place and will frequently issue you fraud alerts if they sense suspicious activity. If your