When you should use credit

When you use credit cards responsibly, they can give you a lot of power. The best circumstances to use a credit card is:

• When you're traveling, you'll get better rates for foreign exchange fees when you're traveling abroad. Travel rewards cards will also offer travel insurance.
• When you need security, credit cards have no liability for fraudulent charges and you can cancel or freeze your card instantly.
• When you want rewards. Most credit cards now will give you rewards for using them.
• When you’re making charges for work because you don't have to front the money. You can get reimbursed before the bill is due.