Do you use Credit Cards ??

Sweden
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
105 responses
@dokaor (307)
• Thailand
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.
1 person likes this
• United States
31 Mar 09
Too bad I have no credit yet and they won't accept until I have credit. Or is that a good thing to not have a credit card?
@Andi21 (85)
• Germany
31 Mar 09
I use a credit carts. They are really nice but you must know what you did then using of it could grant you some advantages.
• United States
1 Apr 09
I do not use credit cards. I've been thinking of getting one, but the way things are with the economy, I don't know if I should or not.
@zhq10tot (10)
• China
31 Mar 09
I have two Credit Cards and sometimes they really bring me much convenience. But I always try my best to control my desire of consumption and use it as little as possible.
1 person likes this
31 Mar 09
I think we will all need to do more of that in the future!
• Philippines
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.
1 person likes this
• Italy
2 Apr 09
Not really since the tax they put on is too much
1 person likes this
• Australia
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.
1 person likes this
@cbakin20 (150)
• 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!
1 person likes this
@net101 (157)
• India
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.
@bellaofchaos (11549)
• United States
31 Mar 09
nope if i can't afford it I have to do with out I have to say that getting into debt takes forever to get out of it and I'm hoping to get out of it before I die.
1 person likes this
• 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 person likes this
@chookie1971 (2274)
• Australia
30 Mar 09
I don't have a credit card. They are evil with high interest rates. They eat up your money quickly. I am happy that I have a debit card instead. At least I know if I don't have the money for something, I can't get it.
• Portugal
30 Mar 09
I Agree, credit cards are the boogie man of our wallet. I advise not to use them in this time of crysis
• China
1 Apr 09
in my opinion it depends, if you are a abstemious consumer, before any expense,you should make a consideration about your afford ability ,i think the condition that the card eats up your money quickly will not be appeared
1 person likes this
@mimimeow (295)
• Hong Kong
1 Apr 09
Yes, the interest rates are high but if you paid them back before the cut off period, you don't really have to pay for the interest. It's pretty convenient. Somethings, you can get discount if you pay by credit card!! I really don't mind using them.
@babyorchid (1737)
• China
31 Mar 09
i do..but it really gets myself into a bad condition. bcz i am too crazy on shopping by credit card.. and most time..i cant pay back my debt.. i think the better way is keep credit card away.. or dont use them too much..
• Sweden
31 Mar 09
yes you are right. my wife also tells me that. when i go to shop where they accept credit card i become crazy, i intend to buy those items that i dont afford. at the end of the month i have to pay a lot of demarage.
• India
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 .
@marciascott (25550)
• United States
30 Mar 09
Debit card are much better I have 3 of those. You don't have to worry about paying all that interest on it.
@pawan80 (37)
• India
30 Mar 09
If you manage and control over your expensive habits then Credit Cards are very helpful in emergency need of money or purchasing of any product. I maintain 2 CC's and handle them carefully with the timely payments.
• China
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.
@sarahong (93)
• China
30 Mar 09
i hate credit card,couse i always buy something which i cant affotd ,but at last i must pay for it with the interest rate ....
• China
1 Apr 09
why you have to pay for the interest? the credit card has a deadline that if you return the money on time the interset can be free. i think you must ignore the deadline ,am i right?
1 person likes this
@Thoroughrob (11747)
• United States
20 Apr 09
I try really hard not to use mine. I am trying to pay it down.
@Reyah23 (641)
• Philippines
7 Apr 09
Yes i use credit card. And i prefer to use card when shopping. Its so convenient for me to do a cashless shopping.
@MsTickle (25136)
• Australia
3 Apr 09
I use credit cards all the time. I don't manage to pay them off each month but I pay them out as soon as I can. It's just silly to pay the banks interest. I NEVER get cash advances...the charges are simply too high.
• Chennai, India
3 Apr 09
credit cards are power credit tools; provided they are used wisely. Unwise & indisciplined spending will alwayz lead to debt !!!
@robert19ph (4584)
• Philippines
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]
@jdyrj777 (6538)
• United States
2 Apr 09
I've never really had a credit card. Probably a good thing too cause they cause problems. They say dont use them unless you intend to pay with in 30 days.