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What is the point of credit cards?

Best Answers

Using a credit card and paying it in full each month builds your credit and earns rewards without putting you in debt or costing you a penny in interest. read more

Still, I am totally with you on the points about fiscal responsibility and diligence, and whenever possible, it's recommended to use regular debit cards for transactions; with credit cards, one commits future earnings to past expenses, which is a very taxing and a very burdensome way to exist. read more

Credit cards are great businesses for banks and financial institutes. With a consumer culture and mentality, you are lured into signing up for all different sorts of credit cards in hopes of getting points and freebies and air milage, etc. where as it will be best to stick with a good old debit card. read more

Using a credit card and paying it in full each month builds your credit and earns rewards without putting you in debt or costing you a penny in interest. A persistent myth among people new to credit cards is that you don’t need a card unless you’re planning to carry a balance on it. read more

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