Are Credit cards wise?

[alankasman]

And no one will give me a credit card anymore because my credit history is ruined. I deliberately don't pay on time. Why? So they can blacklist me. I'm no longer tempted to spend money that doesn't belong to me. Money I haven't earned. So I don't make unnecessary and unnecessary purchases. Now I try to live within my means. Yes, it's very frugal, but I can sleep much better than when I had a loan.

Our lives are seen by others so things like you mentioned earlier we understand because they are related to economic issues. We've already reneged on our past actions so when we want to do the same thing again we can't forget what has happened to our lives.

Regret will always be there when we do everything without thinking about the consequences afterward. When we do it we spend so much money especially if it's money we have on credit or borrowed from someone with various reasons when we first asked for it. When the time comes to collect we only feel disappointed about what we did. Complaints like yours will no longer be of special concern to people we have already done inappropriate behavior to because everyone has feelings so what you did in our opinion is very inappropriate regarding keeping promises.

[michellee]

I don't have a credit card but I do have a debit card. I don't use my debit card too often. A credit card gives you ability to buy something by credit but you must pay the loan in the end or next month. You can use credit cards but wisely because you should check how you will going to pay.

If you don't have much money from your income, you can't use credit cards freely because you have a loan to pay. Yes, I agree that credit cards only force you to spend more than you can afford. So you need to be careful using credit cards and not waste the function.

[Nahl]

Some merchants have offering discount if the people pay using their credit card besides that some online shop also give the bonus to those who shopping with this method which probably those offers makes people tempting using their credit card very often and in my view those who addicted to shopping will used their credit card without control their financial condition this makes them have to pay huge debts because shopping too much but the difference to those who understand about negative effect from using credit card because the people like this although they have a credit card usually they only using it to buy necessary things so, it's about how to people will used it because in the wrong hand credit card can caused huge debts

[aysha9853]

Credit cards aren’t the problem, people using them badly are, if you treat it like a debit card and pay the full balance every month, it’s just a tool it helps with online payments, building credit history, and sometimes you get buyer protection. The trouble starts when folks think the limit is free money.

[iamsange]

Our lives are seen by others so things like you mentioned earlier we understand because they are related to economic issues. We've already reneged on our past actions so when we want to do the same thing again we can't forget what has happened to our lives.
Regret will always be there when we do everything without thinking about the consequences afterward. When we do it we spend so much money especially if it's money we have on credit or borrowed from someone with various reasons when we first asked for it. When the time comes to collect we only feel disappointed about what we did. Complaints like yours will no longer be of special concern to people we have already done inappropriate behavior to because everyone has feelings so what you did in our opinion is very inappropriate regarding keeping promises.

There's no need to repeat such behavior whether through borrowing or using various excuses. Once financial problems arise broken promises are difficult to respond well to. The first time people know our character is through the character we give so that in the future people who come like that do not need to be treated well anymore because we have already found their basic character even though for future interests sometimes we really have to help but our feelings of caring must be removed because all of that will not happen again to us who have wanted to help but the treatment of the person we have helped never keeps his promise.

[Wind_FURY]

VERY smart move. Because you are not spending your money, and anytime you are spending someone else's money, that is actually good. It is only a problem if you have hard time finding what seems to be the trouble and as long as you can do that then you are going to end up getting a better result.

I am sure that there are a lot of people who spend way more than what they can repay back and that is terrible decision and we are not going to get anything good out of spending more than what we can pay back. However, if you can spend a good amount, like something you can repay back at minimum, then you are keeping your own money and using it to make money until you have to pay back, that is a great way of using credit card.

 👍

That makes a credit card a privilege, not a problem. If you're given one, and have been given a high limit in the card, that means you're a valued individual that the banks trust.

If you're young, take care of that privilege, and use the bank's credit wisely. You might want to use it to buy Bitcoin if it crashes below $50,000, and finance the debt with some of your monthly salary, then pay the principal during the end of the next bull cycle.

You'll have no debt, and you'll have some Bitcoin.

 

[dunfida]

Our lives are seen by others so things like you mentioned earlier we understand because they are related to economic issues. We've already reneged on our past actions so when we want to do the same thing again we can't forget what has happened to our lives.
Regret will always be there when we do everything without thinking about the consequences afterward. When we do it we spend so much money especially if it's money we have on credit or borrowed from someone with various reasons when we first asked for it. When the time comes to collect we only feel disappointed about what we did. Complaints like yours will no longer be of special concern to people we have already done inappropriate behavior to because everyone has feelings so what you did in our opinion is very inappropriate regarding keeping promises.

There's no need to repeat such behavior whether through borrowing or using various excuses. Once financial problems arise broken promises are difficult to respond well to. The first time people know our character is through the character we give so that in the future people who come like that do not need to be treated well anymore because we have already found their basic character even though for future interests sometimes we really have to help but our feelings of caring must be removed because all of that will not happen again to us who have wanted to help but the treatment of the person we have helped never keeps his promise.

Regret has a way of staying with us especially when our choices affect other people. When money is involved the consequences feel heavier because promises were attached to it. Borrowing or spending without thinking feels justified in the moment but later it turns into disappointment and shame. Once repayment time comes excuses lose their power. People remember actions more clearly than intentions. That memory shapes how they see us going forward.

Trust once broken changes relationships permanently. Even if people choose to help again it comes without the same care or warmth. Emotional distance replaces belief as a form of self defense. Repeated broken promises slowly define a person character in the eyes of others. At that point words stop mattering. The pain is not just financial but relational. Learning this lesson late is costly but it is still a lesson. Responsibility and restraint protect both money and dignity.

[LastKiss]

The use of credit cards for me is unwise. You are spending money that’s not even yours yet. How sure are you that you can pay for everything you are buying now? No matter how good your source of income is, nothing is permanent. Credit cards only force you to spend more than what you can. Agreed?

A credit card can be very helpful in emergencies and may truly save you in a difficult situation. However, if it’s used to support a lifestyle you can’t afford, there’s a high chance it will put you in a worse financial position. Even people without credit cards can still end up spending more than they earn through other platforms. Controlling our spending is challenging, especially when so many platforms encourage us to spend more with promotions and incentives. That’s why we need to be mindful and disciplined with our financial decisions.

[terrific]

I don't have a credit card but I do have a debit card. I don't use my debit card too often. A credit card gives you ability to buy something by credit but you must pay the loan in the end or next month. You can use credit cards but wisely because you should check how you will going to pay.

If you don't have much money from your income, you can't use credit cards freely because you have a loan to pay. Yes, I agree that credit cards only force you to spend more than you can afford. So you need to be careful using credit cards and not waste the function.

Most credit card companies will put more interest if you're not able to pay it by the end of the month.
So, if you're going to use credit card for purchases, big or small, it's best to pay them before a month ends.
You know these companies are known for charging that much fees and for the penalties which you think you'll not receive if not paid on time.

[Aloysius01]

The use of credit cards for me is unwise. You are spending money that’s not even yours yet. How sure are you that you can pay for everything you are buying now? No matter how good your source of income is, nothing is permanent. Credit cards only force you to spend more than what you can. Agreed?

That really depends on the person using it. For me, a credit card is just for convenience, and I make sure I can pay the full balance before the due date so they don’t make money off me. But if you’re someone who can’t afford to pay it off and ends up relying on paying the minimum due, then a credit card really isn’t good for you.

‎Your point is absolutely valid,credit cards can encourage spending money you don’t truly have, and since income and circumstances can change at any time, relying on future earnings is risky, For many people, that temptation leads to overspending, debt, and long term financial stress, In that sense, credit cards are indeed unwise for users without strong financial discipline.
‎At the same time, your follow up makes an important distinction, the tool isn’t the problem the behavior is, When a person
‎treats the card strictly as a convenience,
‎only spends what they already have,
‎and pays the full balance before the due date,
‎then the credit card functions more like a payment method than a loan In that case, the user avoids interest entirely and retains control.
‎
‎

[ndutndut]

The use of credit cards for me is unwise. You are spending money that’s not even yours yet. How sure are you that you can pay for everything you are buying now? No matter how good your source of income is, nothing is permanent. Credit cards only force you to spend more than what you can. Agreed?

Whether or not it's wise depends on individual choice as credit cards can be a solution or a detriment, depending on how they're used. Smart users will certainly find advantages with credit cards, but irresponsible users will find them problematic for their finances in the future.

I personally don't use a credit card because in my country credit card usage is still very low at only 5% if I'm not mistaken. Furthermore in my country credit cards are only valid in major cities and for international transactions. So I prefer cash especially now that non-cash payments can be made as if they were cash so why bother using a credit card?

[SmartGold01]

I do not use credit card rather a debit card.. Most time using credit could be good when your payment or salary hasn't come for the week/month but I think there should be a limit to how much you could spend while using your credit card, my debit card I personally go the bank to set some daily/monthly limits where I can't spend above my daily and monthly limits. With this it helps to regulate how I uses my funds on daily and monthly basis, moreover I do not mostly leave my income or payment in bank rather In bitcoin.

[Hamza2424]

The use of credit cards for me is unwise. You are spending money that’s not even yours yet. How sure are you that you can pay for everything you are buying now? No matter how good your source of income is, nothing is permanent. Credit cards only force you to spend more than what you can. Agreed?

Credit cards do not force us to pend more than what we can because that's totally upto us if we have a job and a stream of income that we know we can pay back before the end of the month as after that we have to pay the interest too and the rules might be different in different places but they don't force us into anything.

It is a personal choice and you are right we can lose our job, we might not be able to pay he cash back on our credit and we might lose our shit but bro that's happen only when your life plans to give you a reality check which you already talking about haha like before and most of us already know that but we still do it and first we do it with the idea that we will be in control but eventually it can lead to more as more capital that is not ours that concept is locked for many but we realized it when we first use it.

[barbara44]

It really depends on the person using it and how and why they use it. I don't think it's very logical. You're using money that isn't yours, and interest accrues on that money, making you more and more indebted each time. I'm actually thinking of closing my credit cards soon because I can't control them well enough. Sometimes I find myself spending that money too easily, and that's disturbing.

Credit cards are like loans and we know why there are loans right? This is to aid someone who lacks in money for a while to still do the thing that they like. Credit cards just like loans has interest too but I heard that some credit card company will negate the interest rate if you happen to pay early. Then there are many incentives too for using a credit card like free airline miles, free hotel stay, free trip to this or that island, free gas, etc.. This is why some can say that 'credit cards are basically a free money' but in reality, credit cards the worst loan practically if you miss the due dates.

[EFS]

I don't agree with what you're saying. When used properly, a credit card is a great thing. Being able to pay in installments is a huge plus. Also, you don't have to pay immediately. You pay for something you buy today roughly 40 days later. That's a big advantage in countries with high inflation. I guess you live in a country with very low inflation, because if you lived somewhere with high inflation, you'd know how valuable credit cards really are.

[Coyster]

In my country, financial institutions rarely issue credit cards and i wish they did. A credit card is a perfect way to build a credit history/score and if you have a good credit history, you stand a good chance of receiving a loan, prolly a large one in the future. There is nothing wrong with the credit system, it is simply designed to make life easier for you if you are responsible with it. And also to gauge how risky it is for you to receive a loan.

That said, if you think you don't need a credit card, that's still fine, don't apply for one. But the impression that it is a terrible tool is wrong, it is ony so for people who aren't using it the right way.

[Kelvinid]

The use of credit cards for me is unwise. You are spending money that’s not even yours yet. How sure are you that you can pay for everything you are buying now? No matter how good your source of income is, nothing is permanent. Credit cards only force you to spend more than what you can. Agreed?

Maybe its a case to case basis. Some just prefer to use credit cards like those business owners rather than bringing some cash or debit cards outside, that would be more risky on their part. And when it comes to paying, if you know the stability of your business, you will not get fear, but if you know that your business is still struggling, don't bother to get a credit card, that will only put you in a miserable condition.

[Vaculin]

Honestly, using a credit may be unwise if you have no reliable source of income. But if you have a stable job and even a side hustle, that could bring you an opportunity to get what you really need by paying in installment basis.

The only challenge here is controlling your emotions and buy only what's necessary, and disregard those that are not of high importance so that your credit limit will not be maximize and you will able to pay it without hitting your savings or emergency funds, but only those funds intended to pay the bills.

[mirakal]

It would be wise for those who are earning well, but for those who are still meeting financial crisis at times, using credit card will only worsen the situation.

Just know the fact that credit cards can be helpful for those who want to expand their business or investments, but its useless if it only use to satisfy personal cravings, that will always be a wrong mindset, you are only wasting your hard-earned money if ever.

[Livingleged]

I feel it is wise to use credit card as much as it keep you away from bad credit score since it allows you to pay for groceries in full without any Borden.
The only reason I’m against it, is its high interest rate.but then that how lenders do help you and charge you high interest rate