Contrary to popular perception, credit card do not have drawbacks with them. Credit cards are for our convenience. They are great financial tools which, if used correctly promise a good financial future. What should one do so that the experience of owning a credit card remains good and prosperous? If this question is nagging you, then read on. This articles takes a look at 5 vital steps to make sure this happens.

1. Can't you do without that credit card?

Yes, however awkward it may seem but, this is the first question that everyone should ask himself before going for another credit card. Too many Americans are having more than one card already. Adding one will only increase the burden, if not used wisely. So, unless absolutely essential don't go for a new credit card.

2. Your credit score

Every credit rating agency is obliged to give a free annual credit report if asked to do so. By all means do it, keeping a track of your credit score will help you gauge what the credit card companies are willing to give you. A good credit score can get you a Gold card, while excellent can help you get that Platinum credit card. If the credit scores are not good, there is no use applying for highly rated credit cards. It will save you a lot of time, money and prevent embarrassments due to rejection if you apply for the 'right' credit card.

3. Shop around

There are lots of credit card companies out there, and so are the number of credit cards. At any given point of time there can be many offers, with different features that can suit a person with a particular credit score. So, to save time, money, and get the right credit card, it is better to compare various credit card offers. This can be easily accomplished at various credit card comparison websites. Comparing offers side by side will give you a correct picture of what the credit card company is offering you.

4. Apply online

There are many benefits of applying online which save a lot of time, money and effort. Limited or no paperwork, instant decision, no running to banks, and doing it all from the comfort of your home definitely matters. It pays to take the advantage of technology.

5. Repay regularly

Once you have that credit card, don't simply go out and squander your money like hell. Remember, credit card money is a loan and it has to be repaid with interest. The better you are on the repayment front the better it will be for your credit report and credit score. Else, spending your life with credit card debt is the only option.

One mistake that most people make that often costs them dearly is not reading the credit card terms and conditions carefully. Make sure that you read every fine print while applying for the credit card. If there are doubts, just get them cleared before proceeding. Don't assume anything. Getting the facts straight will always help your cause, and won't create any uncomfortable situation later on. The simple steps mentioned above will ensure that your credit card experience remains a good one.