Are Credit cards wise?

[uneng]

Snip

Many people who consider themselves smart use credit cards as an "opportunity," for example, to start a business, as banks position it. But this can be seen as a step toward a very risky venture, which many aspiring entrepreneurs don't fully understand. After all, that's what they're aspiring for. In the country where I live, banks offer 20 percent annual interest on business development loans. That's bad deal.
And if a novice user of such a credit card fails to do everything correctly, they'll become a major debtor to the bank.

I'm of the opinion credit cards should be only used if you are assured to be receiving money to pay the debt on the following month. There must be always a Plan B in mind, especially when venturing into a new business operation. Everything must be calculated most accurately as possible, and even in that case, there might be still nasty surprises.

Also, if there is interest or fees involved when dealing with credit card, it's totally discouraged. The more installments on the purchase, more likely it will be there will be extra interest to be paid, so it's important to pay in a number of installments which don't involve extra costs for the buyer.

[M47AK16]

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?

I love them but I also hate them at the same time. I wish I could have lived a life where banks denied me credit cards, that way I would not have made any debt, and while that would have created its own chaos as well, at least I would have learned to live my own life.

Plus, I could always get loans when something urgent happens, and people do not take loans for simple stuff, like getting a new pc, or at least they shouldn't, I personally wouldn't. I would only take loans when I must take it, like life threatening stuff, otherwise I would have no debt at all. With credit cards, sometimes I feel lazy and even pay simple meal with it, like a burger, few dollars that's it, I know I shouldn't, but card is easier than carrying out cash.