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Friday, August 20, 2010
Credit Cards-Yea or Nay??
Are credit cards a good idea? What are the pros and cons? There's Visa, Mastercard, Discover, American Express and a host of others to choose from. Tell me what you think. Share any experiences, if applicable.
The good thing about credit cards is if u need or want something and don't have the money at the moment you can still get it. The bad thing is what if someone else gets a hold of your card. I don't have a credit card yet however i wouldn't like to me paying for someone else to have the goods!
Credit cards are useful if you dont have any cash or you want to build your credit or maybe you just dont want to use your cash at all. But they can have a downside as well. Just as credit cards can build your credit they can damage your credit as well. By not paying back the money used or maxing out your credit card limit. Another downside to having a credit card is that if you loose your card it can get into the wrong hands and someone can use it at places that dont check for verification. I have two credit cards since I was 18 yrs old and so far I have been doing just fine. I have a good credit score and I am very careful not to misplace my cards. I only use them in an emergency or sometimes just to build my credit. But i always pay back the money that I spend, being carerful not to exceed the limit
The pros on have a credit card it that if you don't have the money on you, you may still get what you want another pro thing is you have get good credit by using your card. A con is you will spend too much money and you will owe a lot of money on the card(s).
credit cards are a great idea they show if a person is responsible and they give you a chance to buy things you do not have the money for but over time you can accumulate to get/pay off. yet the con is people being irresponsible and getting into a hole they ca not get out of.
Credit cards are a good idea at some extent, but they can cause many issues. Credit cards can help people manage their money in many ways, by offering a system where their money is closely monitored and systems in which they have the opportunity to view where their money is going and how much. There are also cons to having credit cards; many people abuse their privileges on having credit cards. They charge large amounts onto their accounts and have no control on their spending and end up going into huge debt and they end in a result of bankruptcy. I think that if people are old enough to sign up for credit cards then they should be responsible for their own actions and if they don’t know how to manage their money they will learn the hard way. I have just recently received my own debit/credit card and I have learned that money is limited and to use my money wisely, I’ve learned how to spend my money and how to keep my finances in balance.
I think credit cards are good because you never know what is going to happen to you and you may need something right away. My mom always uses her credit card in a time of need, but i know you have to be responsible and make sure you can pay them off!
I prefer credit cards because it keeps track of things you buy. In a way, it helps to keep a person organized. On the other hand, cash is just paper that gets passed along. Usually criminals use cash to pay for things because they know they cannot be traced that way. Plus, if someone steals money, that`s that. However, with a credit card, you can track the thief through their purchases. It also would make this world a little safer to live in, being that fewer people would be mugged if everyone is carrying plastic.
Credit cards are amazing! They can also ruin your life and credit. But most of all they're a lot more efficient than carrying around cash and change everywhere. When you want something but don't have all the money you can always pay for it later, which is good. Identity theft is also an issue with many people these days too. There are some banks that will offer to not charge you if someone used your card, so many credit cards will finally be safe.
Credit cards to some people can be very useful and to others a disaster. A good thing about credit cards is they can help build up your credit. The higher your credit score is the better. Another good thing is if one wants to buy something but just doesnt have enough money to pay for it, you may use your credit card and pay for it later when you have the money. The bad part about credit cards is if you dont pay back the money, they will take points away from your credit. Also, when you pay for something using a credit card, they charge interest. Personally, i choose not to have a credit card right now. If i dont have the money to pay for it up front, then oh well.
I think credit cards can be good and bad! If they land on the hands of someone irresponsible bad. If they are responsible good. Some people just don't know how to take control and they charge every thing. But they forget that all that is charge is need to be payback! When they least know it they are in debt and they just don't know how to handle it. Some people know how to use them wisely and might charge $100.00 the most or some just have them for emergencies. But if you are going to use a credit card use it wisely don't let them control you!
yeah and nay!! credit cards are good sometimes. some people use them wisely and to some people credit cards can destroy thei life.the good things about credit cards are that you can build up you credit score and buy things that you need now and pay for them later. the bad things are that some people are shopaholics and get themselves in debt. i think peoplw should have a credit card only if their responsible enough to use it wisely. :]
I believe that we should ban credit cards because all it brings is trouble! When we pay with cash we fell the pain of spending and we will spend less. But with credit cards we dont physically see ourselves giving our money away.
Credit cards are good to have in a pinch for emergencies. If you don't have the money in your account for your day to day purchases then you should not have a credit card!
I say yes to credit cards when used with moderation. The card itself builds credit but it may also hurt ones credit. One who holds responsibility will not encounter any problems. Someone who uses makes purchases and pays shortly afterwords. But most often individuals would max their limit and get themselves into debt not having the money, in addition to getting more credit cards to continue their spending. I personally think one credit card is enough to use to practice its values.
some credit card cons are Over-spending,Hidden fees,Debt, and Late payments and some credit card pros are..Convenience,Peer pressure,Rewards,and Building credit.and these may happen with any credit card .
Credit cards are good to buil our credit just like Tonish_clark said and i agree w everything. Yet again it all depends on each and every person to get a credit card or not, we need to ask ourselfs: "Am i responsible enough for a credit card? Will i forget to make my payments? and Can i make my payments?" the answer for "credit cards-yea or nay??" only depends on ourselfs.
Credits to me are just ways in which banks can screw you over by applying interest if you dont pay or fees. Its a way in which can land you into heavy debt if you are not careful. I think using debit or cash is safer way then to use a credit card. If you want to buy something big and can't afford it at that particular time, maybe using that credit isn't such a bad idea after all if your careful that is.
I am definitely for credit cards. I believe they are a necessity, especially in emergency situations. There is also a demand from some businesses for the consumer to leave or make a down payment with a credit card now a days. And if you pay your bill on time they are GREAT for boosting your credity score.
Having a credit card could be useful. I you didn't want to carry cash or if you don't have cash and have an emergency. There are also downsides to having a credit card. If you lost your credit card or it gets stolen a lot of bad things can happen. You could be charged for a lot of things you didn't buy. There's also the problem of trying to cancel the card before anything else is charged and getting the money back.
I personally do not own a credit card, nor do I really want one just because of the various pros and cons that they produce! Pros: - easy access to cash - when your buying something expensive, instead of carrying a bunch of cas, you just have your card - they're accepted almost everywhere - and lately some cards you use, produce points to go toward luxurious prizes when you use them!
Cons: -overspending -over withdrawling(some bank tellers only allow like 4withdrawls a month) - going into debt -credit card fees - and most important, the embarassment of your card being declined :(
So overall, I think I will pass on having a credit card!
Credit cards are both a good and bad idea. They can be good when you don't have money and want to buy something but a bad idea when you don't pay them back. Credit cards damage your credit if you never pay or your late but they're good if you want to raise your credit. I've never had a credit card but my mom is always complaining abou how much she hates them. When we go to Macy's, she hates having her Macy's card with her because she's afraid shes going to want something and then have to owe more money and that happens with every credit card she has. My mom is always showing me all the money she owes with credit cards and that leads me to think they aren't a very good thing to have but i know they aren't all bad.
The pros for having a credit card would be helping to build credit for yourself. Without credit you cannot buy a card, get an appartment and so on. With a credit card you can spend a decent amount and pay it back. The cons maybe if you are no longer abled to pay that bill back and get out of control and spend more than you are willing to pay back.
Credit cards are a "Yea" for me because they are very helpful and sometimes when you in need of something, you can use it right away and pay it later,but there are con sides too,there was a movie about a girl that wants to buy every dress she see use her credit cards, but ends up spent too much money that she can never pay it off,that really happens a lot.
I THINK CREDIT CARDS IS A GOOD SOURCE TO HAVE IN CASE OF AN AMERGENCY SUCH AS WHEN U ROUND OUT OF CASH AND U HAVE SOMETHING UNEXPECTED THE CAME UP, BUT IS ALSO NOT A GOOD HABIT TO HAVE BECAUSE U COULD GET IN MAJOR DEBT FOR OVER USAGE.I HAVE CREDET CARDS MY SELF AND I COULD GO CRAZY IF I WANT,BUT I LEARNED THAT I ONLY USED THEM WHEN I REALLY NEED THEM AND I ALSO WORK IN RETAIL SO I SEE THOUSANDS OF PEOPLE USING THEM EVERYDAY.
I don't think its a good idea cause you can really get yourself into debt so really don't think that you can have a advantage of this kind of thing most people think its a good thing but I myself feel like its not your mess up your own self when you get this bad credit so i really don't think its a good idea to mess up your whole life.
Credit cards can be both good and bad at the same time. The good thing about them is if you dont have cash to fix your car that is broke down you can just charge it and pay it off before it is due. The bad thing is if you dont pay the credit card off it can really mess up your credit. So if you choose to have a credit card be smart and pay it off.
credit are good. it gives someone a chance to buy something they may not be able to buy because it cost to much. making payment is easier then paying up front. the person just has to be careful not to buy to many thing at onces.
I think that credit cards are a bad idea if you aren't mindful of your finances. The pros for credit cards would be if you have credit you can get it! You are able to build your credit score, possibly qualify to buy a house, have credit card letters telling you you qualify for an increase on your credit card.But if you cant keep up with your debt you'll regret it! I had credit cards at one point but now I don't have any and my credit is all screwed up. As a result of my careless actions with credit I have been unsuccessfull at qualifying for a house, have harassing debt collectors calling me at all hours of the day and night, low credit scores, unable to buy a car,and collection letters coming everyday in the mail.
I have always believed that Credit Cards are very beneficial to people who want to learn how to be financially responsible. Having a credit card is not a bad thing as long as you know how keep yourself from over spending. My brother always taught me the 30% rule which means that if you have a $100 limit you should only use 30% of it for atleast a year so you can pay it off each month and never over spend. Not only does it help you sustain from spending too much money but also helps you on the long run when you need a great credit score to buy youself a car or a new house. so for me a credit card is definitely a yea!
I bealieve that credit cards are such a good idea. i belive credit cards are good becuse they help you built up your credit and your credit is your future. The only reason it becomes bad when the person is irresponsible and starts waisting to much.
Charles Mesias said... Credit cards are a great idea because they allow a person to buy items they currently have to money for, like possibly gas, when a person has not been payed yet. They also identify to busineess and banks who are responsible and who are not. The con about credit cards, and of what makes them a bad idea is that, when at the hands of someone who is irresponible, they can put themselves in debt, where they owe a lot of money, thay can pile up due to interest. Even though it isnt illegal to haave debt, it will take its impact when buying a car or home. Credit cards can become a pain when someone steals someone elses card, putting them in debt for things they did not buy. Credit cards are great, but a person has to be aware of what he/she is doing with it.
Well if it's a prepaid like debit card then you can teach your kids how to smartly spend their money or save it. But giving say 12 year olds these credit cards for shopping is a little bit insane.
As we all know credit cards can be a good thing. For example, to help you build your credit for later on when you choose to buy big things in life, like a car, house, boat, and etc. Most people have that goal in mind for when they own their credit cards because I know that's one of my goals. To be able to have a good credit history to be able to buy my own land for a ranch with horses. Yet again, credit cards can be negative thing too. If your not careful on the way you use your card you'll just be owing more and more throughout the years, plus interest and all those fun hidden fees that the bank companies don't tell you. It's just on you, the cardholder, to be responsible on your spending and bills that make credit cards good or not! :)
Personally, i am always more comfortable paying with cash. Credit cards may be fast and easy but too many problems can go wrong. Such as, theft and misplacing. However, credit cards are a good way to help store your money, so the risk of having all cash, that could be stolen. Credit cards are also usefull so someone can build up there credit score for their business. Although paying cash up front leave the area with no questions asked.
nay I think that credit card is just taking advantage of people of stealing of their money because some people can pay their stuff or their things they take advantage to do to and then when they work hard.
36 comments:
The good thing about credit cards is if u need or want something and don't have the money at the moment you can still get it. The bad thing is what if someone else gets a hold of your card. I don't have a credit card yet however i wouldn't like to me paying for someone else to have the goods!
Credit cards are useful if you dont have any cash or you want to build your credit or maybe you just dont want to use your cash at all. But they can have a downside as well. Just as credit cards can build your credit they can damage your credit as well. By not paying back the money used or maxing out your credit card limit. Another downside to having a credit card is that if you loose your card it can get into the wrong hands and someone can use it at places that dont check for verification. I have two credit cards since I was 18 yrs old and so far I have been doing just fine. I have a good credit score and I am very careful not to misplace my cards. I only use them in an emergency or sometimes just to build my credit. But i always pay back the money that I spend, being carerful not to exceed the limit
The pros on have a credit card it that if you don't have the money on you, you may still get what you want another pro thing is you have get good credit by using your card. A con is you will spend too much money and you will owe a lot of money on the card(s).
credit cards are a great idea they show if a person is responsible and they give you a chance to buy things you do not have the money for but over time you can accumulate to get/pay off. yet the con is people being irresponsible and getting into a hole they ca not get out of.
Credit cards are a good idea at some extent, but they can cause many issues. Credit cards can help people manage their money in many ways, by offering a system where their money is closely monitored and systems in which they have the opportunity to view where their money is going and how much. There are also cons to having credit cards; many people abuse their privileges on having credit cards. They charge large amounts onto their accounts and have no control on their spending and end up going into huge debt and they end in a result of bankruptcy. I think that if people are old enough to sign up for credit cards then they should be responsible for their own actions and if they don’t know how to manage their money they will learn the hard way. I have just recently received my own debit/credit card and I have learned that money is limited and to use my money wisely, I’ve learned how to spend my money and how to keep my finances in balance.
I think credit cards are good because you never know what is going to happen to you and you may need something right away. My mom always uses her credit card in a time of need, but i know you have to be responsible and make sure you can pay them off!
I prefer credit cards because it keeps track of things you buy. In a way, it helps to keep a person organized. On the other hand, cash is just paper that gets passed along. Usually criminals use cash to pay for things because they know they cannot be traced that way. Plus, if someone steals money, that`s that. However, with a credit card, you can track the thief through their purchases. It also would make this world a little safer to live in, being that fewer people would be mugged if everyone is carrying plastic.
Credit cards are amazing! They can also ruin your life and credit. But most of all they're a lot more efficient than carrying around cash and change everywhere. When you want something but don't have all the money you can always pay for it later, which is good. Identity theft is also an issue with many people these days too. There are some banks that will offer to not charge you if someone used your card, so many credit cards will finally be safe.
Credit cards to some people can be very useful and to others a disaster. A good thing about credit cards is they can help build up your credit. The higher your credit score is the better. Another good thing is if one wants to buy something but just doesnt have enough money to pay for it, you may use your credit card and pay for it later when you have the money. The bad part about credit cards is if you dont pay back the money, they will take points away from your credit. Also, when you pay for something using a credit card, they charge interest. Personally, i choose not to have a credit card right now. If i dont have the money to pay for it up front, then oh well.
I think credit cards can be good and bad! If they land on the hands of someone irresponsible bad. If they are responsible good. Some people just don't know how to take control and they charge every thing. But they forget that all that is charge is need to be payback! When they least know it they are in debt and they just don't know how to handle it. Some people know how to use them wisely and might charge $100.00 the most or some just have them for emergencies. But if you are going to use a credit card use it wisely don't let them control you!
yeah and nay!! credit cards are good sometimes.
some people use them wisely and to some people credit cards can destroy thei life.the good things about credit cards are that you can build up you credit score and buy things that you need now and pay for them later. the bad things are that some people are shopaholics and get themselves in debt. i think peoplw should have a credit card only if their responsible enough to use it wisely. :]
I believe that we should ban credit cards because all it brings is trouble! When we pay with cash we fell the pain of spending and we will spend less. But with credit cards we dont physically see ourselves giving our money away.
Credit cards are good to have in a pinch for emergencies. If you don't have the money in your account for your day to day purchases then you should not have a credit card!
I say yes to credit cards when used with moderation. The card itself builds credit but it may also hurt ones credit. One who holds responsibility will not encounter any problems. Someone who uses makes purchases and pays shortly afterwords. But most often individuals would max their limit and get themselves into debt not having the money, in addition to getting more credit cards to continue their spending. I personally think one credit card is enough to use to practice its values.
some credit card cons are Over-spending,Hidden fees,Debt, and Late payments and some credit card pros are..Convenience,Peer pressure,Rewards,and Building credit.and these may happen with any credit card .
Credit cards are good to buil our credit just like Tonish_clark said and i agree w everything.
Yet again it all depends on each and every person to get a credit card or not, we need to ask ourselfs: "Am i responsible enough for a credit card? Will i forget to make my payments? and Can i make my payments?"
the answer for "credit cards-yea or nay??" only depends on ourselfs.
Credits to me are just ways in which banks can screw you over by applying interest if you dont pay or fees. Its a way in which can land you into heavy debt if you are not careful. I think using debit or cash is safer way then to use a credit card. If you want to buy something big and can't afford it at that particular time, maybe using that credit isn't such a bad idea after all if your careful that is.
I am definitely for credit cards. I believe they are a necessity, especially in emergency situations. There is also a demand from some businesses for the consumer to leave or make a down payment with a credit card now a days. And if you pay your bill on time they are GREAT for boosting your credity score.
Having a credit card could be useful. I you didn't want to carry cash or if you don't have cash and have an emergency. There are also downsides to having a credit card. If you lost your credit card or it gets stolen a lot of bad things can happen. You could be charged for a lot of things you didn't buy. There's also the problem of trying to cancel the card before anything else is charged and getting the money back.
I personally do not own a credit card, nor do I really want one just because of the various pros and cons that they produce!
Pros:
- easy access to cash
- when your buying something expensive, instead of carrying a bunch of cas, you just have your card
- they're accepted almost everywhere
- and lately some cards you use, produce points to go toward luxurious prizes when you use them!
Cons:
-overspending
-over withdrawling(some bank tellers only allow like 4withdrawls a month)
- going into debt
-credit card fees
- and most important, the embarassment of your card being declined :(
So overall, I think I will pass on having a credit card!
Credit cards are both a good and bad idea. They can be good when you don't have money and want to buy something but a bad idea when you don't pay them back. Credit cards damage your credit if you never pay or your late but they're good if you want to raise your credit. I've never had a credit card but my mom is always complaining abou how much she hates them. When we go to Macy's, she hates having her Macy's card with her because she's afraid shes going to want something and then have to owe more money and that happens with every credit card she has. My mom is always showing me all the money she owes with credit cards and that leads me to think they aren't a very good thing to have but i know they aren't all bad.
The pros for having a credit card would be helping to build credit for yourself. Without credit you cannot buy a card, get an appartment and so on. With a credit card you can spend a decent amount and pay it back. The cons maybe if you are no longer abled to pay that bill back and get out of control and spend more than you are willing to pay back.
Credit cards are a "Yea" for me because they are very helpful and sometimes when you in need of something, you can use it right away and pay it later,but there are con sides too,there was a movie about a girl that wants to buy every dress she see use her credit cards, but ends up spent too much money that she can never pay it off,that really happens a lot.
I THINK CREDIT CARDS IS A GOOD SOURCE TO HAVE IN CASE OF AN AMERGENCY SUCH AS WHEN U ROUND OUT OF CASH AND U HAVE SOMETHING UNEXPECTED THE CAME UP, BUT IS ALSO NOT A GOOD HABIT TO HAVE BECAUSE U COULD GET IN MAJOR DEBT FOR OVER USAGE.I HAVE CREDET CARDS MY SELF AND I COULD GO CRAZY IF I WANT,BUT I LEARNED THAT I ONLY USED THEM WHEN I REALLY NEED THEM AND I ALSO WORK IN RETAIL SO I SEE THOUSANDS OF PEOPLE USING THEM EVERYDAY.
I don't think its a good idea cause you can really get yourself into debt so really don't think that you can have a advantage of this kind of thing most people think its a good thing but I myself feel like its not your mess up your own self when you get this bad credit so i really don't think its a good idea to mess up your whole life.
Credit cards can be both good and bad at the same time. The good thing about them is if you dont have cash to fix your car that is broke down you can just charge it and pay it off before it is due. The bad thing is if you dont pay the credit card off it can really mess up your credit. So if you choose to have a credit card be smart and pay it off.
credit are good. it gives someone a chance to buy something they may not be able to buy because it cost to much. making payment is easier then paying up front. the person just has to be careful not to buy to many thing at onces.
I think that credit cards are a bad idea if you aren't mindful of your finances. The pros for credit cards would be if you have credit you can get it! You are able to build your credit score, possibly qualify to buy a house, have credit card letters telling you you qualify for an increase on your credit card.But if you cant keep up with your debt you'll regret it! I had credit cards at one point but now I don't have any and my credit is all screwed up. As a result of my careless actions with credit I have been unsuccessfull at qualifying for a house, have harassing debt collectors calling me at all hours of the day and night, low credit scores, unable to buy a car,and collection letters coming everyday in the mail.
I have always believed that Credit Cards are very beneficial to people who want to learn how to be financially responsible. Having a credit card is not a bad thing as long as you know how keep yourself from over spending. My brother always taught me the 30% rule which means that if you have a $100 limit you should only use 30% of it for atleast a year so you can pay it off each month and never over spend. Not only does it help you sustain from spending too much money but also helps you on the long run when you need a great credit score to buy youself a car or a new house. so for me a credit card is definitely a yea!
I bealieve that credit cards are such a good idea. i belive credit cards are good becuse they help you built up your credit and your credit is your future. The only reason it becomes bad when the person is irresponsible and starts waisting to much.
Charles Mesias said...
Credit cards are a great idea because they allow a person to buy items they currently have to money for, like possibly gas, when a person has not been payed yet. They also identify to busineess and banks who are responsible and who are not. The con about credit cards, and of what makes them a bad idea is that, when at the hands of someone who is irresponible, they can put themselves in debt, where they owe a lot of money, thay can pile up due to interest. Even though it isnt illegal to haave debt, it will take its impact when buying a car or home. Credit cards can become a pain when someone steals someone elses card, putting them in debt for things they did not buy. Credit cards are great, but a person has to be aware of what he/she is doing with it.
Well if it's a prepaid like debit card then you can teach your kids how to smartly spend their money or save it. But giving say 12 year olds these credit cards for shopping is a little bit insane.
As we all know credit cards can be a good thing. For example, to help you build your credit for later on when you choose to buy big things in life, like a car, house, boat, and etc. Most people have that goal in mind for when they own their credit cards because I know that's one of my goals. To be able to have a good credit history to be able to buy my own land for a ranch with horses. Yet again, credit cards can be negative thing too. If your not careful on the way you use your card you'll just be owing more and more throughout the years, plus interest and all those fun hidden fees that the bank companies don't tell you. It's just on you, the cardholder, to be responsible on your spending and bills that make credit cards good or not! :)
Personally, i am always more comfortable paying with cash. Credit cards may be fast and easy but too many problems can go wrong. Such as, theft and misplacing. However, credit cards are a good way to help store your money, so the risk of having all cash, that could be stolen. Credit cards are also usefull so someone can build up there credit score for their business. Although paying cash up front leave the area with no questions asked.
nay I think that credit card is just taking advantage of people of stealing of their money because some people can pay their stuff or their things they take advantage to do to and then when they work hard.
credit cards are bad for people because they will be advantage and the bank will be calling them all and will be threaten them.
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