Do you prefer using a credit card
By hotsummer
@hotsummer (13919)
Philippines
August 27, 2022 7:02pm CST
It is my first time to have a credit card given by bank after opening an account with them. At first , i was excited that I'll finally have my own. It has no yearly fee. But the nterest kind of worry me. In not sure if paying the whole amount before the due date means it will not have nterest as I have read on people's comments But if that is true then i may use it. Or else , i do have enough money to pay cash anyway.
I don't see the point on using it when I have enough cash. And I don't plan to buy expensive gadgets or appliances. I just usually purchase groceries and eat out and buy some basic items like clothes.
Do you love using one . Is it helpful to you.
7 people like this
9 responses
@RebeccasFarm (91297)
• United States
28 Aug 22
It is very helpful to me. I figure I can pay back the next month and I always do unless I die God forbid.
but even if I do, no one is responsible but me.
but even if I do, no one is responsible but me.1 person likes this
@hotsummer (13919)
• Philippines
28 Aug 22
Yes it's nice to own one specially if you don't have problem paying on time.
2 people like this
@RebeccasFarm (91297)
• United States
28 Aug 22
@hotsummer Yes I do pay every time and always on time. It is lovely to have credit. And a good rating.
1 person likes this
@hotsummer (13919)
• Philippines
28 Aug 22
@RebeccasFarm I am still trying to find out if it will great advantage for me to use a credit card. So I'll try making small purchases. I'll learn by experience the advantages it can give me
1 person likes this
@hotsummer (13919)
• Philippines
28 Aug 22
@LadyDuck i use debit card but i prefer making qr payments by scanning my phone on qr codes using an app. Since those qr payments gives cashback and discounts. I save money.
1 person likes this
@hotsummer (13919)
• Philippines
28 Aug 22
You can avoid using money with credit card indeed.
1 person likes this
@LadyDuck (502729)
• Italy
28 Aug 22
@hotsummer The trend here is to suggest to people to stop using money.
@hotsummer (13919)
• Philippines
28 Aug 22
Yes we can avoid that kind of problem
1 person likes this
@hotsummer (13919)
• Philippines
28 Aug 22
@mrki444 here they give cashback when making qr payments
1 person likes this
@mrki444 (15162)
• Croatia (Hrvatska)
28 Aug 22
@hotsummer I pay in cash when they offer discount for such payment.
@porwest (112906)
• United States
28 Aug 22
I never recommend carrying a balance. Credit cards do offer certain purchasing protections that cash or debit cards don't. So, there's that to consider. But paying interest is a no-no.
I use a Discover card which pays me cash back rewards of 1%-5%, and I use it for that reason, and pay it off each month and never pay a dime in interest but DO get paid for the purchases I would have made anyway.
I don't even use the card for emergencies. That's what an emergency fund in a savings account is for. I may use the card for the transaction. But the funds are paid immediately back from the emergency fund, and then I get to work on restoring the emergency fund.
@hotsummer (13919)
• Philippines
28 Aug 22
Yes that's one thing i should consider the purchasing protection. But still have to learn how to avoid being scammed when using credit card . Some people were getting charged for purchases they didn't do
Anyway I'm wondering when i should use it. When buying groceries or when eating out. I worry that they can read the cvv at the back. I learned that credit cards don't have pin code.
1 to 5% cash rewards is quite nice. Sadly mine doesn't have that. It is not hard to get this or get approved for this card though. I just opened a savings account on them and i was asked if i want to apply for one and got approved without much question.
1 person likes this
@hotsummer (13919)
• Philippines
30 Aug 22
@porwest do you swipe the card yourself when paying. Or do they walk away with your card to shipped it like when you b pay in a restaurant. What if they copy the cvv number and card number
1 person likes this
@porwest (112906)
• United States
30 Aug 22
@hotsummer Most of the transactions are swiped transactions. But yes, in a restaurant a lot of the time they have access to the whole card. Cards can be compromised. Sure. But it is important to keep a close monitor on activity and dispute any charges as soon as possible. Anyone can steal money from any source, so keeping tabs on things is really important.
@hotsummer (13919)
• Philippines
10 Jun 23
@banksim yes people are very used to using it now. Like we are all going cashless a lot of times
1 person likes this
@yoalldudes (35028)
• Philippines
28 Aug 22
IT is good you got the promo of citi with life time no annual fees. I never used a credit card.
@hotsummer (13919)
• Philippines
28 Aug 22
Yes that's very good indeed. I still have to use mine. I didn't activate it yet.
@yoalldudes (35028)
• Philippines
30 Aug 22
@hotsummer Be smart with it. Get the perks but like the finance guru say pay whats due on time to avoid fees and interests.
@hotsummer (13919)
• Philippines
30 Aug 22
@yoalldudes yes but still need to use to know how i can be smart card user. I'll be very cautious on my first few purchases
@jstory07 (148764)
• Roseburg, Oregon
28 Aug 22
If I see something that I like I will buy it and use my credit card knowing I can pay it off when I get the bill.
@Butterfingers (66603)
• India
28 Aug 22
It's not a bad thing but you should behave normal and smart and pay all dues on time
@hotsummer (13919)
• Philippines
28 Aug 22
Yes it is important to control spending
1 person likes this
@Beestring (15372)
• Hong Kong
28 Aug 22
I use credit cards quite often for the cashback and discounts. I always pay the dues on time, never paid any interest. And all my credit cards have no annual fee.
@Beestring (15372)
• Hong Kong
28 Aug 22
@hotsummer Then, there's no big incentive to use one. The only benefit is you don't need to carry a lot of cash with you.
