There are actually good things to benefit from owning and using a credit card but since I don't have it, I just look at those people that were saying that they're enjoying truly those benefits like in flights, accommodations, hotels and etc.
Banks have offered me credit card but I just don't want to have that thought that I can spend money that's not yet mine and I have to pay back in interest.
If you are for increasing your credit points, you do you. But honestly for me, I wouldn't take anything from a credit card company or even take loans.
As you've experienced, it's mentally draining and will affect you emotionally when you are about to think of it.
Topic: using credit card - page 8. (Read 842 times)
I feel that credit card are kind of a trap for banks to profit off our effort.
I have talked to people how live in the United States and they agree that credit is a new kind of slavery, which of course depends on the context and personal situation of each person.
I would never use a credit card for big purchases, it would be preferable just to use it for small things like you did initially, nothing beyond 20$ per moth. In case of emergencies, instead using a credit card, it is better to go for a collateral-loan so one can get lower interest, that is another reason one is supposed to have gold, silver, Bitcoin or whatever, it can be used as collateral in other cases.
Have any of you checked the interests of loans backed by Bitcoin, there are quite competitive.
Also, the fact one is giving BTC as collateral encourage us to be more careful with credit and money management.
I have talked to people how live in the United States and they agree that credit is a new kind of slavery, which of course depends on the context and personal situation of each person.
I would never use a credit card for big purchases, it would be preferable just to use it for small things like you did initially, nothing beyond 20$ per moth. In case of emergencies, instead using a credit card, it is better to go for a collateral-loan so one can get lower interest, that is another reason one is supposed to have gold, silver, Bitcoin or whatever, it can be used as collateral in other cases.
Have any of you checked the interests of loans backed by Bitcoin, there are quite competitive.
Also, the fact one is giving BTC as collateral encourage us to be more careful with credit and money management.
i am weak at economy, is it wise decision to use credit card?
Whatever that has advantage also has a disadvantages as well, using credit card is not bad but it all depends on how you used it that will matter in this scenario so you must learned to living within your income that comes within the month. To me i don't really buy the idea of using it because it may leads to uncontrollable spending since you had the mind of paying it back from your monthly salary or from any incomes that gets to your bank account. If you don't finds it favorable you may abandon it or possibly sets some limitation on the amount that could be totally spent within the period of a month, let say your income is $1k for the whole month always set a limitation of $300 that could be totally spent after which they may deny you access to spend from the card.
the lesson that i learned here is that credit cards can be a valuable tool for building credit points/scores and making purchases, but they should be used responsibly and with caution. it is important to keep track of your spending(like keeping a journal), pay off the balance in full, each month if possible, and avoid carrying a balance that will increase interest over time. by being mindful of your credit card usage, you can avoid debt and maintain your financial health.
i am weak at economy, is it wise decision to use a credit card?
I don't like buying things on credit so I have always avoided applying for credit cards. If you want to live a financially free life, you should avoid debt. The scariest part of these credit facilities is the interests. I don't want to be indebted at an old age that will make me keep working till death. I think I should have the opportunity to retire peacefully and debt free after my children have left home. That is why I only buy what I need and not what I want so that I can stay debt free and have extra money to invest i am weak at economy, is it wise decision to use a credit card?
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It's not bad to have credit cards but you should have the ability to control your expenses. Credit cards could be helpful especially if you have spent part or all of your income on investment or something important. You need it to keep life going. But it shouldn't be used to buy things that are not basic.
i am studying in college, i was really excited to get my first credit card 
. i thought it will give me a sense of independence and allow me to buy things i could not afford with cash.
though, i quickly learned that credit cards can be a double edged sword. while they can be helpful in building credit, they can also lead to debt and financial trouble if not used responsibly.
at first, i used my credit card reasonably, only for like emergencies or small purchases that i knew i could pay off in full each month. but as time went on, i began using it more and more for larger purchases and impulse buys, without really thinking about how i would pay the balance off.
before i knew it, my credit card balance had blown up to several thousand dollars, and i was struggling to make the minimum payments each month. the interest charges alone were eating up a significant portion of my income, and i felt like i was going under debt.
it was not until i sat down and made a budget that i realized just how much my credit card debt was affecting my overall financial health. i had to make some tough choices and cut back on some of my expenses , but finally,
i was able to pay off the balance and get back on track.
the lesson that i learned here is that credit cards can be a valuable tool for building credit points/scores and making purchases, but they should be used responsibly and with caution. it is important to keep track of your spending(like keeping a journal), pay off the balance in full, each month if possible, and avoid carrying a balance that will increase interest over time. by being mindful of your credit card usage, you can avoid debt and maintain your financial health.
i am weak at economy, is it wise decision to use credit card?
. i thought it will give me a sense of independence and allow me to buy things i could not afford with cash.though, i quickly learned that credit cards can be a double edged sword. while they can be helpful in building credit, they can also lead to debt and financial trouble if not used responsibly.
at first, i used my credit card reasonably, only for like emergencies or small purchases that i knew i could pay off in full each month. but as time went on, i began using it more and more for larger purchases and impulse buys, without really thinking about how i would pay the balance off.
before i knew it, my credit card balance had blown up to several thousand dollars, and i was struggling to make the minimum payments each month. the interest charges alone were eating up a significant portion of my income, and i felt like i was going under debt.
it was not until i sat down and made a budget that i realized just how much my credit card debt was affecting my overall financial health. i had to make some tough choices and cut back on some of my expenses , but finally,
i was able to pay off the balance and get back on track.
the lesson that i learned here is that credit cards can be a valuable tool for building credit points/scores and making purchases, but they should be used responsibly and with caution. it is important to keep track of your spending(like keeping a journal), pay off the balance in full, each month if possible, and avoid carrying a balance that will increase interest over time. by being mindful of your credit card usage, you can avoid debt and maintain your financial health.
i am weak at economy, is it wise decision to use credit card?
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