Do you use Credit Cards ??
March 30, 2009 3:48am CST
In the recent days when the prices of the products are so high that we cant afford all the necessities by my monthly income. but i have 3 credit cards that help me a lot. when i dont have money i can buy things of my necessity and pay the bill by my credit card. the interest rate of some credit cards are not so high. this is why some time i can withdraw some cash too. credit cards help me in a lot of ways. do you avail the advantage of credit cards ? Do you use it ?
23 people like this
30 Mar 09
Hi In my point of view I think there are both positive and negative of using credit card. In the case if you know how to use it correctly that fine like for buying neccessary things in our life and in the case we dont have a cash but we can get money from credit card and for safty reason we no need to carry the cash with us, however,for the case of negative points like if we has no disciplen then we can use it uncorrtly for buying the unneccessary items and then later we might have not enough money to give them later.
31 Mar 09
I never carry cash on me - instead I use my credit card for everything, then I pay it off at the end of each month. That way, I get the 55 days interest free for each purchase, but I never have to pay interest, as I only spend as much as I know I'll be able to afford at the end of the month. You can get into a trap paying for things this way though, so it only works if you stick to your budget, and don't spend more than you earn, otherwise you end up paying too much in interest and just end up in debt.
• United States
31 Mar 09
Yeah, I use my credit card, but I usually make enough that I just scrape by enough and don't really have to deal with the interest rates much. As a result, I don't know much about good interest rates and such. It seems like a way that works for you, though. I hope you don't ever get too far in debt!
2 Apr 09
Although I only own 1 credit card, I really take full advantage of the pros of it rather than the cons. I usually make use of it to make money online. It's actually a buy and sell through the net. I am really enjoying the benefits of having a credit card. That is if you really have the discipline of handling it. I was once a victim of overspending my card. Buying things that I really don't need. It even came to the point of reaching the maximum limit. I made it to the point to zero out my credit and start all over again. But this time in a more profitable way. I find ways on how to use it wisely. Now, I'm gaining a lot from my credit card.
30 Mar 09
i have actually never used my credit card i always use a debit card and that way i am sure that i am not spending more that what i can afford . and actually that keeps a check on shopping i guess debits cards are a boon for a middle class man like me .
31 Mar 09
Using credit cards has its own pros and cons. Due to instant cash availability, millions of persons get lured and. A vast majority even in todays environment of information, do not understand the fine print and what keeping a credit card can mean. In the long run it becomes ediction and person ends up in credit card debt. Do not believe. Find out how much percentage of persons in the world's highly educated and advanced country (USA) is under credit card debt. A credit card is useful only if it is used cautiously when other efforts to arrange money fail. Credit card companies are far worse than conventional money lenders.
• South Korea
31 Mar 09
i don't used any credit cards at all, i hate credits due to some interest and i usually used cash every time, i don't want to think about my monthly bills to come im a kind of person who hates credits. i just contented what i have if have money i will but what i want if i dont have then its ok.
1 Apr 09
yes ,i agree with you .besides the founction of amortization can help you to buy the consume goods that you can not afford right now such as the TV ,computer and so on . you just have to pay for part of the total expense every month. it's very helpfull and convenient.
3 Apr 09
[i]Hello ivan2000bd, Yes, I have a credit card but I am only using it when it is needed. Here in our country, used of credit card as not as convenient as say in the USA or other foreign country. You should always be vigilant when you used it because it is so hard to complain when some transactions is in error. I have a credit card because you need it when you go abroad. It is a luxury owning one. Regards.[/i]