7 Reasons You Hate Credit Cards

If you hate credit cards then there may be a good reason why you have this feeling. Take a look at this article to find out more about credit cards and why we tend to hate them.

If you have found that you hate credit cards lately, and don’t understand why this could be happening, then take a look at the following seven points that will help you understand why many people end up hating their cards, even if they enjoyed owning them at first.

Why you may hate credit cards

Here are seven points that address the reasons why many people hate credit cards, and would like to cut them up and never see them again.

1. You can’t keep up with the payments.

If you can’t pay off your credit card balance in full, this may be one of the reasons why you hate credit cards. If you do not have enough cash to pay for an item then it simply should not be purchased or else the interest rate will add onto your balance and make it seem overwhelming.<

2. You can’t make your payments on time.

It is easier to remember the due date on one credit card, but if you have multiple cards you may be missing due dates and have to pay late payment fees. If you miss more than one payment then it will reflect on your credit score, which is not a good thing to have happen.

3. You own too many credit cards

It is easy to lose track of all the terms and conditions associated with each card, not to mention the due dates for each, and this may cause you to hate credit cards. Once you lose track of your credit card details and what transactions you can and cannot do on each one without incurring stiff penalties, your debts add up and you are swallowed in a mountain of bills.

4. You do not have a credit history.

If you are not getting approved for any of your credit card applications you may decide that you just hate credit cards. It is time to start building up your credit score and then apply for a card once again.

5. You keep losing your wallet.

If you keep your credit cards in your wallet, and you constantly lose them, you are going to have to call up all of the card companies to report them stolen. This can be time consuming and frustrating, to say the least, but it is an important task to do as soon as you realize that a card is gone. A much better use of your time would be to implement a system to stop losing your wallet as much.

6. You are a reckless shopper

If you are a heavy spender, you may really hate credit cards because you’re living past your means. One day you will have to pay back all the money you have spent on these purchases that you could not afford, and that day will come sooner than you think.

7. Your cards get mixed up

You may have a problem with keeping your credit and debit cards separated and put the wrong card in when you are at an ATM. You may even use the wrong card when you are at a store making a purchase. If you do this too frequently, you will lose rewards that you could have accumulated by using your credit card, and get heavy fees for cash advances when you should have been using your debit card.

These are seven reasons why many people hate credit cards and would like to get rid of them. Talk to the people that don’t have the problems listed above and they just love credit cards. Credit cards are a convenience that are not going away in the future, so take these seven points to heart and start liking your credit cards again.

• Comparison of Top 10 Credit Card Offers

Editor's Choice: Our Top Credit Cards

Credit Card	Card Details	Interest Rate (p.a.)	Cash Advance Rate (p.a.)	Balance Transfer Rate (p.a.)	Annual fee	Interest free days (up to)
HSBC Credit Card	Editor's Choice: 0% for 6 months Balance Transfer & No Annual Fee Featuring a $0 annual fee for life, and 0% p.a. balance transfer for 6 months, the HSBC Credit Card was voted the Best Transactor Credit Card for 2010.	16.99%	20.75%	0% for 6 months	$0	55
Suncorp Clear Options Standard Visa Card	A great 12 month balance transfer offer, combined with a low annual fee and a good interest rate on purchases.	12.24%	17.99%	1.9% for 12 months	$39	0