do you use credit card?
24 Jan 11
Hello akn I have credit cards, but whether it is restaurant or mall or grocery shop, I always prefer to pay cash, but if amount is high, I don't have in pocket then only I pay via my shopping card, which is also known as ATM or Debit card, very rarely I use my credit card, though I carry in my wallet always. Thank you so much for sharing. Professor ‘Bhuwan’. . Cheers have a lucky day ahead.
9 Oct 10
The money in your savings account would not be available while using your debit card making normal purchases unless you have selected an overdraft protection program and the funds are not available in your checking account. I highly recommend adding this to your account, in the event that you make a purchase that is greater than the amount available in your checking account, the bank will use money from your savings account to cover the purchase. This way you don't aquire all those overdraft fees or have bounced checks (while writing checks). Pay close attention to your funds! Alot of debit cards can also be used as a credit card. Its basically the same thing in this case, where in both cases the monies will be deducted from your checking account, debit takes the funds immediately while credit will take sometimes up to 4 days to completely withdraw. The difference between your debit card, and a credit card, would be that credit cards are an open balance of money availably ready to be lended from banks, purchases using a traditional credit card also incrue interest on the amount you spend. (you have to pay back more than you spend) Debit cards are atatched to your bank account and will just deduct money from your account to pay for the things you've purchased :) And though you didn't ask for it... After you've accrued a larger sum of money in your savings account, speak to your local financial director and check into special savings account that give you back more money for allowing the bank to use it, such as locked savings accounts and bonds!
20 Sep 10
Hi akn - I dont have a credit card as of date. :( I had one, but I never used it, so they decided not to renew it. :( Getting one, and then going regularly to pay monies on it seems laborious process. I might as well pay in cash. My income is white but in cash. So putting the money in the bank to pay through credit card doesnt make sense in my case. :)
• Guangzhou, China
20 Sep 10
I like to use credit card very much. At first, I don't have to have money in my credit card account. And I can return the money to the bank after a month and I won't be charged. Second, it is very convenient and I don't have to carry lots of cash with me. This will be dangerous to have a lot of cash outside. Third, I can go shopping online by the credit card. Fourth, the bank will give me some gifts according to my consuming amount. It gives me so many advantages. If you can take advantage of the credit card, it is pretty good to use it. I love China
20 Sep 10
Prior to my marriage, I thought credit cards were a gift from heaven. Swipe and you shall receive. Let's just say I swiped more than I earned, until one day I couldn't swipe no more, and had to ask parents for help. After a decade, and much older hopefully wiser, my wife keeps asking me to swipe the card, you'll get award points. But, I've learned my lesson. So, use with care, it's not a gift from heaven. I had to learn that the hard way.
• United States
20 Sep 10
Credit cards are something that are best handled with care. They can be a useful, valuable tool much like anything other it. However, it is rather ripe for abuse and it is very easy just to buy something using a credit card, with the intention of playing later. However, that intention is lost a lot of the time, as people tend to abuse credit cards. For that reason, I don't really use a credit card all that often. Very rarely do I use a credit card. It is just a protective measure to say the least. And if I do use it, its over the Internet, when I have the money in the checking account, to pay it right away. That is the best way to use a credit card in my opinion. Otherwise, you can fall into the debt trap that credit cards can cause. Plus interest gets racked up a little bit at a time and it can be extremely horrifying to deal with a situation like that.