By using credit card , are you getting benefits or are you moving to a culture of debt?
By Anish Asokan
@RevivedWarrior (3853)
India
July 27, 2024 1:35pm CST
Credit cards are one of the common offerings by most banks . Credit cards helps you to build credit history and also they provide lot of offers such as discounts with preferred or tied partners. We can also make big purchases with help of credit card.
Credit cards also is capable of pushing people to debt. By withdrawing money using credit card or by overspending , there is a certain section of people who moves to debt. Often the interest rates of the credit cards are high.
So, are you using credit card to get the benefits or are moving to a culture of debt?
7 people like this
8 responses
@snowy22315 (209221)
• United States
27 Jul 24
I would say a bit of both..but if you can arrange to pay it off each month you are dollars ahead.
3 people like this
@kaylachan (84928)
• Daytona Beach, Florida
27 Jul 24
I don't put more on a card then I couldn't pay without it. But, it really does help a lot to use credit cards. They offer things like cash back and other perks.
2 people like this
@kaylachan (84928)
• Daytona Beach, Florida
28 Jul 24
@RevivedWarrior And those perks save money.
2 people like this
@RevivedWarrior (3853)
• India
28 Jul 24
Very true! They do come with cashbacks and perks if used wisely.Thanks for sharing!
@RevivedWarrior (3853)
• India
28 Jul 24
Nailed it! Just have 1 card and use it wisely and pay it in time and have no debts. Thanks for sharing!
@xstitcher (39085)
• Petaluma, California
28 Jul 24
Like snowy, I would say both.
2 people like this
@psanasangma (7910)
• India
27 Jul 24
My beliefs on Credit card is first I should have enough bank balance and non stop income. And when I analysed myself I found out none 
so I am still staying away from this card.
so I am still staying away from this card.2 people like this
@RevivedWarrior (3853)
• India
28 Jul 24
There are life time free credit cards and they could be useful at times. Thanks for sharing!
@Beestring (15372)
• Hong Kong
28 Jul 24
I use credit cards very often to take advantage of cashback and discounts. All my credit cards are free and I always pay my credit card on time. Never paid any interest.
2 people like this
@RevivedWarrior (3853)
• India
28 Jul 24
That is wonderful . Pay in time, no debt and enjoy the perks and benefits.Thanks for sharing!
@popciclecold (40214)
• United States
27 Jul 24
You are so right about credit cards
1 person likes this
@RevivedWarrior (3853)
• India
28 Jul 24
Credit cards are definitely useful instruments but needs to be used wisely.Thanks for sharing!
