Latest responses to “How To Apply For An Instant Approval Credit Card” Copyright 2012, MoneyBlueBook.com 417300 2008-05-15T17:37:08-07:00 Ghostmachine Credit cards in general are a very useful tool as long as you realize that you should only spend the money that you already have in the bank or on hand to pay the credit card off. Once you start living beyond your means, and APR start to kick in, one can quickly get behind the eight ball. Of course there can be emergencies which is what these cards are designed for - stretching your spending over a longer period (via a short term high interest rate loan). To live with an excessive balance from month to month is just throwing money away, and minimum payments are ridiculous at best. The downside of having excellent credit is the 400 offers per month (yes I am exaggerating, not much) that you get in the mail and have to shred to protect your identity. Having too much outstanding debt is also a liability which I am sure you have covered in previous blogs. So all things in moderation - including credit.