Credit Cards

@dpk262006 (53689)
Delhi, India
March 10, 2007 4:15am CST
Do you have Credit Cards? Do you use it for convenience or for credit? or for both? Do you feel it is useful and beneficial to use credit cards, or use of credit cards may land you in debt/or any other problem(s). Share your views. Thanks in advance
2 people like this
8 responses
@mimpi1911 (25455)
• India
26 Mar 07
i used to flaunt 2 credit cards of my own and never used to miss any opportunity to exhibit it whenever and where ever possible. be it freaking out with friends, partying, shopping with family or even for some almost unknown in my workplace who would need money urgently, i was the first one to swipe mine unscrupulously. the result was obvious, i soon became a shopaholic, extravagant, unwise person and a pauper!! finally, a day came when my bank balance almost gotten NIL and i decided to trash the cards. i actually did it and instead opted of debit card, which, i feel is a far better option for ppl like me who donot have scruples of any sort. that was my side of the stoy deepak. thanx
1 person likes this
@dpk262006 (53689)
• Delhi, India
26 Mar 07
I have already conveyed and will continue to say that you are exceptional friend. Though I started the Discussion many weeks ago and forget about it, but you made it alive, by posting your quality response. I really appreciate quality responses, and whenever I read them, I feel that I am lucky and I thank God that HE gave me an opportunity to become friend of intelligent and mature persons, like YOU, who would always enlighten, advice and guide me with their own experiences. I agree if you do not use credit cards wisely and judiciously, you are likely to land in trouble. You have to be very very cautious, while using Credit Cards. You have to be alert about timely payment, otherwise you are likely to pay heavy amount of interest. I am not exaggerating, believe me, I have been using credit cards to obtain their maximum benefit (i.e. both for credit and convenience)and I make it a point to make timely payment, without fail, I do not using credit cards causes me problems for me. But if you are not alert in using these cards and making timely payment, it will become a headache for you. Thanks so much for sharing your views. (+) rated, as always.
@wayz12 (2059)
• United States
24 Mar 07
I have credit cards but I rarely use it. Credit cards offer immediate satisfaction, but the consequences are long term. Payment plans are so low, that it will take years for you to pay your debt off, while interests continue to accumulate. It takes a discipline soul and financial knowledge to really take advantage of credit cards. Since I'm neither both, I've decided to steer away from them, and only save those that I have, for emergency purposes.
@dpk262006 (53689)
• Delhi, India
26 Mar 07
Thanks for telling me tht credit cards can be risky and one should use it very wisely.
• United States
24 Mar 07
I have both. Credit cards can get you in trouble,if you are not careful to stay in your means. I only use mine for an emergency. If I cannot afford it, I don't buy it. Debit cards are conveinent. Less paper to deal with.
@dpk262006 (53689)
• Delhi, India
26 Mar 07
Thanks for sharing your views. I think if use the credit cards wisely, it may not be so risky. No doubt, that Debit cards are safer.
@sechsey (1836)
• Canada
11 Mar 07
I dont own a credit card. I feel like it needs alot of control and discipline to use. Im not saying i dont have those but i think its just temptationf or me as well to go about purchasing things even without cash just because i have a crdit card that i can pay in installment basis. Its convenient but its not practical to me. I have no need for credit card anyway. And i dont go around carrying loads of cash either that i dont need anyway...
@dpk262006 (53689)
• Delhi, India
13 Mar 07
Thanks
• India
11 Mar 07
Well I don't have one..but I am not much for it...as I feel it causes extra expenditure at the end of the month..But ya if used practically it can be of help at times..
@dpk262006 (53689)
• Delhi, India
13 Mar 07
Thanks, scarleminivet.
@smille (832)
• India
11 Mar 07
no i never use credit cards, but always prefer debit cards, cos i feel credit cards too risky, so better avoid it, if u lose it thn its worst.......n dont hv control over it.......so for me debit cards r the best.......
@dpk262006 (53689)
• Delhi, India
13 Mar 07
Thanks, Smita for your views. No doubt Credit Cards are risky but sometimes they prove very handy and effective also. If you keep it carefully, use it carefully, you can get full advantage from a Credit Card.
@shilpaum (1753)
• India
10 Mar 07
Cards - Credit Cards
No I don't have. I've debit card. Personally I've no experience,so can't comment.
@dpk262006 (53689)
• Delhi, India
13 Mar 07
Thanks.
@maddysmommy (16243)
• United States
26 Mar 07
I only have one to try and establish a credit here in the USA. Its a small limit and I have only used it a couple of times to purchase some clothes for my son and I. This is my very first one and i intend to make sure that i don't get myself in debt.