Is it important to get a credit card?

Having at least one credit card is good to establish good credit. For some reason if you don't have good credit it could keep you from getting a loan, a house, or even a good job. The job thing I will never understand but that is what I have heard. So if you can get one and pay the charges on time you will eventually establish good credit in your name and for your future. A word of advice if and when you get one, just buy something that is not very expensive and use the card but make sure you have the money put away somewhere so that when the bill comes in you can pay it off right then and there. Don't start using it without having the money put aside then you will get out of control and end up with a big credit card bill. Good luck to you.

I have 5 credit cards and I like using them because of the rewards I get from them. One of my credit cards gives me cashback rewards whenever I use it in department stores and restaurants. Another card gives me airline miles that I can redeem for free plane tickets. Another card gives me points that I can use to redeem stuff or gift certificates. I also get free dishes from restaurants or discounts. And I can buy gadgets or appliances on installment at 0% interest. What's important is that I always pay my bills on time. It gives me a good credit score and when I get loans from banks, I have a good credit history. Credit cards are good if you are responsible in using it.

Getting a credit card is one of the important ways for you to get a credit rating. Nowadays, everything you are doing, like getting a job, opening bank accounts, getting an apartment, they check your credit score, so it is important.

I wouldn't say it was the best thing to get a credit card although everyone's circumstances are different. I had several credit cards in the past and I got in to serious debt as a result of using them constantly. I'm still paying that debt off now and I really regret the day I first laid my eyes on a credit card! I'm not going to look down upon the credit card continuously though! There are times when a credit card would prove to be very useful and that is if you are travelling aboard somewhere and you suddenly find yourself involved in some kind of emergency and you need instant access to emergency funds! I have decided that I'm never going to have another credit card even when I eventually become debt free, it's just not worth the hassle in my view. I suppose if you are considering taking out a credit card then it's important to do some serious thinking about how you will use it. I suppose credit cards can be very useful if used appropriately. Andrew

I would say its more important not to have a credit card as very few people are responsible enough to have one, I had a credit card once never used it and got rid of it, I have a A1 credit rating I personally don't buy anything unless I have the money in my bank as I know far too many people who live off their cards and they are always whacked upto their limit with no way to clear it. If used sensibly credit cards are fine but eventually the cards become too easy to use and thats when the interest starts mounting and they become out of control.

Credit card is not necessary once you do not to shop unnecessarily and you have self content to use your debit card. Credit card is used widely and almost all shopping , hotel do have the facility to the credit either directly or on applying to through the agencies. But in the debit card,it is directly connected to particular shops/hotel who have arrangements with the Bankers/Financial institution. Unless he shop owners have direct access to the account in your Bank to get the clear balance , they may not accept the debit card. Certain income norms are applied to get Credit card. Also in these days ATM to get cash is available, credit card may not be necessary.

I do not use credit cards, because the lure of future money will get you out of control. You will always think there's more to spend, and take a day later to repay the debt, but the day will be postponed to another day, then you spend, and accumulate more debts which is a vicious cycle. Therefore to prevent all this from happening is not to use a credit card, train ourselves to use our own money.

Credit card is the only way to go. You are using someone else's money for a month while your's is drawing interest in the bank. Some credit cards offer cash back with each purchase. Free money just to use them. Pay them off each month and people who consider loaning you money will know you pay your bills.

To me, my answer is no. I don't think credit card is that important, as long as you have enough cash or debit card, you don't need a credit card. That's what happen in my country now. I have 2 credit cards and i don't want them anymore, but it's like i addicted to it. I can't stop using it. I think have 1 credit card is okay, just in case you might need it.

You credit score is an "I love debt" score. That is what it is. It scores you on how much, and how well, you pay monthly payments on debt. You can have an income of over $100K a year, own two homes, and have tens of thousands of dollars in assets and investments, and even be the CEO of company, and if you do not have a debt somewhere that you are paying monthly payments on... your score will be garbage. So how important is your credit score? Depends on how important debt is to you. If you really want debt, and want lots of debt, and good interest on all your debt, so that you can afford more debt than you could at high interest, then your credit score is very very important. On the other hand if you really don't want to be in debt, and want to start building wealth instead of a credit score, then it's not all that important. I personally do not plan to use debt anymore. I ruined the better part of 7 years paying off debts I never should have borrowed. Lesson learned. Never again. My credit cards are cut up, and accounts closed. While people are getting freaked out because new higher interest rates are pushing payments up higher than they can afford... I have no bills, no payments, and no collectors calling me anymore.

I have more than 20 credit cards issued by 6 different banks. If you ask me what's the point of using credit cards, I would say they bring me extra benefits. For example, if you hold a co-brand airline credit card, you can earn miles every time you use you card. I have accumulated enough mileage with my credit card payments for a round-trip US-Asia flight on business class plus several domestic flights. Basically I don't have to pay for any of my flights, I get all the tickets with the mileage I earn with my credit cards. This is something you can't expect from paying with cash or debit cards.

Well, you see, the ones having credit card is fairly wealthy. At least, it's not for ordinary or poor people, even though credit card is meant to create debt. Well, let me explain it a bit to you. Credit card is approved through a rather complex criterion. There's no easy way to obtain it, except for very wealthy people. How does credit card work, and why does it important to some people. First, credit card replaces money. So instead of carrying a lot of money around, you could just bring a credit card. Let's say that you have a credit card limited USD 1000, instead of bringing USD 1000 cash, you just bring the card. Simple, isn't it? I know debit card solves this problem, so we will take a look at other reason. Second, for some people (that is, the middle up people), it is more preferable to shop with credit card in order to prioritize things. Let's say you want to buy a phone worth USD 500 and a laptop worth USD 700, and assume that your monthly earning is USD 1000. If you buy cash, you would have to wait at least three months before you can afford to buy them both, or two months to buy the phone first. With credit card, you can afford to buy them both instantly because you wouldn't have to pay all of your debts at current month. Monthly payment is due only 10 percent of your spending, so if you spend USD 1000, the least you must pay is USD 100. With your monthly earning USD 1000, the payment is reasonable, and you can buy your monthly stuff ordinarily. Third, there are so many things in shopping malls that have been discounted, in case you have the proper credit card, at least in my country. If you don't own the credit card, you wouldn't applicable to the discount. Since the discount is up to 70 percent, it is very attractive offer. Imagine, you could buy a shirt worth USD 100 for only USD 30, in debt ! The examples I gave is just a bit. There are so many other valuable examples, including air ticket, books, etc. Imagine if we use for business purpose. Here are some tips for you: Different bank has different card, so each of them has a different rules, some are strict, but maybe others less strict, so you would want to try to another bank if one failed to approve you. Normally, there are at least two teams worked before your card is approved. The marketing team would want as much as client, but analyst team is the opposite. Analyst team has to be very careful before approving a client. So, do something about your data if possible. I don't mean you to false your data, but many can be modified without breaking rules. As I said, different bank has different card, so different card has different purpose. If bank A concentrate its card to outfit, maybe bank B concentrate on foods, bank C on electronic, etc. So maybe you want to adjust your need. Last but not least, all of my description is applicable in my country. You have to search for exact information before applying a new one. My this help you.

A credit card is a good way to build credit, but I would not charge more than I could afford to pay back during the month. Many cards have very high interest rates and cause you to pay more than you would for an item. It is good to have one for emergency's if you don't have the cash. You can always run your debit card as credit and some banks will report that to build credit.

I don't know how credit cards work in US. But in China, it is easy to get a credit card in some city like Shanghai. I'd like to use it because I can get a good credit score in the credit records. The good credit scores can help me get loan easily. However, you'd better take care the credit limit and pay off it,or the intrest will several times than the normal interest.

People are now slowly changing to the use of plastic money (Credit card/Debit card) as it is more convenient and safe. What ever they want to purchase they just swap their cards without having to bring a lot of cash around. The only problem is one tend to over spend when they use their cards without realizing that they have over shoot their limits.

hi there! i've been a credit card user before but since i have a bad habit of using i already closed my account and use only my money in buying some stuff ., i guess it is important in away wherein you could use it for emergency purpose but if you will just use it for a nonsense stuff ., you will just end up paying debt to them .,

Hi, aloha Another good thing about credit cards is that I can buy important things like cellphones and office equipment and other appliances without it being too much of a burden. Stores offer zero-interest installment plans to credit card holders. It is important for me thought that I am of good credit standing. That is why I try to be very careful before I swipe and that I make sure that I can pay for the things I buy during due date. Cheers!

In a way, yes i cannot see anything wrong about using credit card but it has an advantage specially in emergency cases etc. it's just in user capability and self control in using it. pay in time and you'll get the max advantage in using it

well if you are young like me it is very important to get a credit card. for me, it is the only way to start my credit so in the future i can get a car, house, etc. just manage it well, don't let it get out of control and you will be just fine.

I dont think credit card is necessary if you have some savings. You better use debit card. It does not make sense to pay interest for the money you spent from your credit card if you have some money available in your wallet