Credit Cards: The Alternatives



Are you addicted to your credit card? That’s all well and good, but if you have a poor credit rating, you will probably find that your credit card addiction makes this a whole lot worse. Ready to turn your finances round and break the habit of a lifetime? Here are some awesome alternatives to your credit card.




Remember when cash used to be king? That may not be the case anymore, though, as more and more people are opting to rely on their credit cards. But if you are determined to stay away from your card, there is no reason why you can’t use cash again. If you are running low, you can always use to overcome your current debts and give your bank account a bit of an injection of funds. One of the benefits of sticking to cash when you are spending is that it is easier to keep track of. And you can only spend what you have on you!


Debit Cards


Debit cards are just like credit cards. You can use them online and in shops to pay for all your purchases. However, they have one big benefit over credit cards – you can only use them when you have enough money in your bank account. If you don’t have enough money, then the transaction won’t be able to be processed, and your card will be declined. Think of debit cards as credit cards that won’t let you get into debt!



Electronic Wallets


Everyone has a smartphone these days, and they are increasingly being used in various aspects of our lives. And now, they can even be used to make payments thanks to electronic wallets. You just need to download an app such as ApplePay or Google Wallet. In shops that accept these kinds of payment methods, you simply need to swipe your phone against the shop’s console. The money is then taken out of your bank account and sent to the shop’s account. These electronic wallets have the benefit of being linked to more than one debit card or bank account at once.


Alternative Payment Platforms


There are lots of people who prefer not to use their credit card when they are out and about shopping. They save it for online payments. However, if you are trying to move away from credit cards, you are probably wondering how you can shop online without a credit card. It’s easy – you just need to create an account with an alternative payment platform such as But PayPal isn’t the only one of these platforms out there; you will find that you have quite a few to choose from. Some of these even issue their own debit cards and allow you to take cash out at ATMs.


So, there you have it – you don’t have to always be tied to your credit cards! Once you ditch your cards, you will find that it gets easier to shake off all your debt and poor credit ratings. And then your finances will greatly improve!

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