using credit card

[blue Snow]

is it wise decision to use credit card?

Only if you are able to manage it.

But, if I read your thread, I really sure you can afford to manage your emotion to not buy something unimportant goods. So far, I used Credit about 3 years from now, and i admit 1st time used it, I almost can't control to do not buy goods when I see it was good, and proper to have it, but when I aware about bill, I will lock up.

And, 1 more important thing if used credit card is scammer. don't trust anyone get called you from bank and ask you to mention card number and cvv, I really sure you will get scam, the scammer try to steal your limited balance to buying goods on e-commerce.

[andriarto]

I have also used a credit card, but my main goal was to have a good name at the bank, so that if one day I need a bank loan for business capital it will be more facilitated. so every month I buy things that are needed just to be active, and every month I always pay in full every bill. because you need to know that credit cards have high interest, but there are also many supermarkets that provide special discounts for credit card users, so we can take advantage of them

[Poker Player]

I think that's also their goal in terms of marketing, so that it's easier for us to spend our money, to be honest when using a credit card it's as if we don't feel like we're losing anything with our money even though at the end of the month it will be a disaster...

There is a concept regarding this called friction, which is that people tend to spend less at higher friction.

The greatest friction is with cash.
Then there are the debit cards
And then credit cards.

Using credit cards people spend 50% or more than using cash. This is something that the big companies that decades ago were reluctant to accept card payments have well studied, and what they do is to facilitate payments as much as possible with a minimum of friction so that people pay more. Amazon is another example of facilitating payments with minimal friction. Paying with your mobile or smartwatch also means less friction than having to take your card out of your wallet.

In the end, paying with credit cards, as you say, you don't even realize it, you don't feel it, but the problem comes at the end of the month with the bill and many people end up deferring payments and paying high interest rates, which is what the credit card companies are interested in.

[slapper]

Credit cards, folks, they're the fast track to a financial train wreck, right? You snag your first one, and suddenly, you're a high-roller. Cha-ching! Swiping like there's no tomorrow, oblivious to the fallout. And, BAM! You're up to your neck in debt, barely scraping by on minimum payments.

But damn! You can still rock credit cards and dodge that monetary migraine. It's all about staying savvy and accountable. Jot down those expenses, wipe out the balance monthly if you can swing it, and dodge lingering debt that'll slap on interest.

Oh, and let's not overlook the freebies! Credit cards can rake in points or cashback – ka-ching! Just don't blow more than you can clear monthly.

So, play it smart with credit cards, and you'll be grinning all the way to the bank!

[Pierre 2]

Using credit cards is definitely dangerous thing. It gives you unnecessary amount of money as debt so you can use it. But its money that you do not own. So you may use excessive amount and create financial burden on your shoulders. But if we consider campaigns with credit cards, some of them are very very beneficial. You may opt into bonus programs that will return you a lot of money that you already spend. You may also use low credit opportunities through some credit card programs. All things considered, using credit cards can be good and must be done in limited times. I think even if its like %3-4 return, its still awesome.

[cafter]

--snip--

oh! i was thinking that friction, swiping friction.

like we just swipe at machine and money get deducted easily. so people spend more  
and amazon's friction is like this:- just tap a button of pay and the money get paid from your wallet. very less friction

[xSkylarx]

I really don't understand how a credit card works. I mean, I lived in a 3rd world country, and those who have credit cards are only rich, and we poor people are not owning this one because it has high requirements. I know that you pay it later and that there is interest, but it doesn't make sense to me to pay it later if you can pay it now. like you are paying it at the end of the month with interest. I used my visa or debit card (not sure if that is what it was called but it swiped my card to something) to pay if I wanted to go cashless.

[lovesmayfamilis]

Your understanding of what is best for your budget speaks volumes about your actual maturity. A credit card allows you to feel like the owner of your life just up to the first interest charge, which will be charged without unnecessary regrets about the card owner's expenses. Someone above unsubscribed that using the card is not freedom at all but slavery, and this is rather the most correct definition of it. In addition, even if you use the card carefully, calculate your expenses, and maybe even not use it for a while, banks will still charge interest for having it. This only confirms additionally that banks will never do anything for the benefit of the client without personal gain.

[isaac_clarke22]

I hope you learn your lesson from that. As long as you can handle your expenses properly, credit cards would be more beneficial to you rather than a threat. I am not really a fan of purchasing something if I can't really buy it. It is just not something that I would be able to handle properly since I got some other expenses to handle.
Knowing that I might need to pay something off without getting anything at the end of the month, let alone bills, is just something that I would not like to experience.

[EFS]

Using credit cards is definitely dangerous thing. It gives you unnecessary amount of money as debt so you can use it. But its money that you do not own. So you may use excessive amount and create financial burden on your shoulders. But if we consider campaigns with credit cards, some of them are very very beneficial. You may opt into bonus programs that will return you a lot of money that you already spend. You may also use low credit opportunities through some credit card programs. All things considered, using credit cards can be good and must be done in limited times. I think even if its like %3-4 return, its still awesome.

Since there are millions of people in our country who don't know how to use credit cards, it has a bad image. But credit card is a great thing if you know how to use it. You don't spend money that's not yours, you postpone your spending while the money that is already in your bank account continues to generate interest. Especially if you can make high installments, it's very profitable. Because the value of money decreases by 5% on average every month. In such an environment, there is nothing more logical than borrowing with Turkish Lira.
The rapid increase in credit card limits in recent years is a positive step. Make as many installments as you can. You have to protect yourself against high inflation.

[Hamphser]

I hope you learn your lesson from that. As long as you can handle your expenses properly, credit cards would be more beneficial to you rather than a threat. I am not really a fan of purchasing something if I can't really buy it. It is just not something that I would be able to handle properly since I got some other expenses to handle.
Knowing that I might need to pay something off without getting anything at the end of the month, let alone bills, is just something that I would not like to experience.

People who do have credit cards and ending up on a disaster is something that do talks about mishandling of your expenses because if you are that someone who do really spend up tons without recognizing on whats

important and whats not then using up your credit cards into those means will surely be imposing some trouble later on.Honestly, i do have 5 credit cards from different banks which i do make use of them and converted all those balances into cash and making it use into investment.I could say that it is really worth it if you do know on how to take advantage considering that banks is really offering lesser
interest compared into those lending first which do offer those huge interest which i could say that it isnt really that just right for you to take up some loan.

[adzino]

It's not very hard to find and get a credit card. They can be useful, but you have to be very careful with them. You need to use it keeping in mind that the money you are spending "isn't yours". Using it for emergencies or small purchases you can pay off each month is a good way to use your card. Just don't go overboard with spending, and always track your expenses. I have seen people racking up their credit card bills because they never actually made a plan on how to repay the bank and ends up suffering. Make sure to pay off your bills in full each month, to avoid heavy interest. If you use it wisely, it can help build your credit score, which might help you in the future to secure loans for more important things. As long as you have good spending habits, you won't be in trouble for using your credit card. Just make sure to spend responsibly.

[Kemarit]

From my experience, it's better not to used that plastic, specially if you don't have control of yourself. Just like buying anything that you want just because you think that you can pay it later. But the interest though, it's going to kill you in the end.

Not sure though if you need to build credit, I mean how can you build credit if you used your cc and then not pay on time and been delayed? what credit score do you think you will get. Again, for me it's better to stay at it as long as you can. Because once you swipe it, and might be game over for you and for others too.

[Aanuoluwatofunmi]

If you're the type that frequently make use of the credit card then this might be for you because you don't need many explanation on how to secure it for your private use, but when it comes through the other means whereby you got exposed to a third party person, then you go taking bridge against the means of securing the card from future attack that may cost you your financial asset anytime without a repentance.

[sunsilk]

I really don't understand how a credit card works. I mean, I lived in a 3rd world country, and those who have credit cards are only rich, and we poor people are not owning this one because it has high requirements. I know that you pay it later and that there is interest, but it doesn't make sense to me to pay it later if you can pay it now. like you are paying it at the end of the month with interest. I used my visa or debit card (not sure if that is what it was called but it swiped my card to something) to pay if I wanted to go cashless.

Credit card companies has some policies for late payments and for those that are paying on time. Well, if you've got some savings and you can spend that well on your stuff then there's no need to own one.

Perks are mostly the ones being enjoyed by credit card owners and if you can't avail to pay annual fee and its interests, that sucks to think that you're free to swipe anytime and it's sort of a brag on how much is your credit limit. Well, keep the brag and I'll keep my mind in peace without having the need to pay all of those things in credit.

[South Park]

snip

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?

Avoid using credit cards, they just encourage mindless consumption, impulsive purchases and you have to pay very high interests each month, now in theory they could be useful in emergencies and the like, but as you have experimented yourself it is very hard to use them this way, in fact I will also argue against using debit cards, this is because it makes very easy for you to go over your budget this way, instead use cash as in this way you will be more careful with your purchases as spending money in this way feels more real for people and they are more reserved when it comes to the time to make a purchase.

[Fatunad]

If you're the type that frequently make use of the credit card then this might be for you because you don't need many explanation on how to secure it for your private use, but when it comes through the other means whereby you got exposed to a third party person, then you go taking bridge against the means of securing the card from future attack that may cost you your financial asset anytime without a repentance.

Credit cards are meant to be used and really that helpful when you are really that in short of cash or something into that situation which it would really be that convenient if you do have these type of cards.
The only wrong thing on here is that users arent really that responsible on repaying on what they do owe or they have taken, considering that its been used then you are obliged to pay.
Interest isnt that much if you are a good payer which is something more worth than on taking up some loan into some people or lending firm. It is really just depending
on how good you are on handling your finances.

[LogitechMouse]

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.

I've seen many people who got broke, and until now are still broke because of wrong use of Credit Card.

Since they got that card, they are shopping here, shopping there. Swipe here, swipe there. Buying things they just want because they thought that they have money, but they overspent, and now having a hard time paying their debt plus the expenses. Well, credit card being a double-edged sword can be prevented still if you are disciplined enough to not overspend. Don't buy the things that you don't need using credit card, and before using it, make sure that you can pay it within a certain amount of time, or don't use it. DISCIPLINE IS THE KEY.

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.

I already put it in Caps Lock. Discipline is the key.
These are the problems those people who can't prevent themselves from overspending using their credit card are facing. They believe that they have free money thru their credit card, but that mindset is a mistake.

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.

Good for you that you know how to budget.

Not all people know how to budget their expenses. I myself isn't good at budgeting my money, but the good thing is that, I'm frugal enough to at least save some money for emergency funds, and for investing. Currently, I'm not using credit card because I don't know where can I use it. Making tough choices is very essential for our life. Sometimes, we come to a point where we are thinking which is better between the 2, and deciding to sacrifice something for the betterment of the other. In your case, cutting back your expenses, so you can pay your debt is a good choice. Debt over everything.

i am weak at economy, is it wise decision to use credit card?

It depends on the person who has credit card.

It's wise for a person who only uses credit card to buy the things they need, and don't overspending on it. On the other hand, it isn't wise for the people who are using it to buy the things that they want. There are some saying that you should avoid using or having credit card, but why? I mean I can have a credit card if I wanted to since I know that I'm disciplined enough to know when to use it or not. It all comes to the person who has it, and not the credit card itself.

[concept2]

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.

...

I get wanting a credit card, but be wise about it, homie. Credit cards might help you build credit and buy what you need, but they can also make you broke. My advice? Limit yourself monthly and don't exceed it. Use cash instead of plastic at the club or movie with your partner to avoid getting crazy. Don't forget to pay off the debt each month to avoid a big bill. Keep track of your expenditures and secure your finances. That will get you living your best life quickly

[Inwestour]

I hope you learn your lesson from that. As long as you can handle your expenses properly, credit cards would be more beneficial to you rather than a threat. I am not really a fan of purchasing something if I can't really buy it. It is just not something that I would be able to handle properly since I got some other expenses to handle.
Knowing that I might need to pay something off without getting anything at the end of the month, let alone bills, is just something that I would not like to experience.

Before applying for a credit card, you should familiarize yourself with the agreement that the bank gives you to sign. Many are too lazy to read it in its entirety, because as a rule these contracts are very large and there are a lot of points written in small print. But we are talking about your money, then you still have to face the fact that you will read this agreement and look for why your bank withdraws money from your card.

Different banks have different conditions, there are those that do not charge a commission when you do not use the card, there are even those that allow you to use credit money for a period without commissions, but to know this you need to read the contract.