Credit cards have been in use since the early 1960s and are a common form of payment, with them being responsible for 467.65 billion purchase transactions in 2020. Credit cards utilise borrowed money so you can purchase items you can’t immediately afford. But, that isn’t the only use for a credit card. It can be used to build up your credit report and can offer many financial benefits. Unfortunately, many of us have never been taught about finances let alone how to utilise a credit card. That lack of knowledge can cost you money and opportunities. A credit card can increase your financial freedom as you are able to purchase items that you couldn’t. We have created this handy beginners guide so that way you can make the most out of your credit card and avoid any extra debts that can come from owning one. Below we have outlined exactly what types of credit cards there are,...