Although it is quick and painless to open a new credit card when you have good credit, it may be painful when it is time to pay it back. You should think about whether you need this new line of credit before you make that decision.

A credit card is a big decision, though so many take it for granted. It’s important to know what you want out of your card and what you’re going to use it for. How will it affect you if you can’t maintain it properly? And what are the benefits if you learn self control with your credit?