Report Abuse
|||go with visa or mastercard
credit cards usually offer rewards points (as can many debit cards) , and credit cards WILL build your credit higher so if you have the cash to pay them off eventually, go with a credit card. If you cant make the payments and get by on just the minimums, then stick with your debit card only.|||credit cards are a good way to build crediting rating, but just use them in emergencys, use your debit card and you know what you can spend without spending over you limit.|||get a credit card if you have no credit history. You do need a credit history if you ever want to buy a car or a house or any other large purchase. Just be careful, credit card companies are experts in screwing over consumers. Don't get cards that charge annual fees or have high APRs. Get ONE card, charge something on it, and pay it off. A good way to build credit is to use your credit card to buy groceries, then immediately pay it off.|||if you've made it this far without a credit card, then dont' get one. you're right, they are more likely to lead you into debt/trouble. with a debit card you can only spend what you really have. stick with what works for you.|||Yes, a debit card is an easy way to make transactions and live in today's close to "cashless" world. Having good credit is like having your right arm....for the rest of your life, you'll rely on both. It is OK to use a credit card as long as you are careful not to abuse it and just get carried deep into debt for purchases you can't afford. Use it wisely, pay promptly and yes, you'll have great credit. Great credit will be rewarding when you go to shop for a car, house or are in need of a loan for whatever reason.|||That's all true. But credit cards are limited to $50 liability for you if someone uses them in an attempt to rip you off, whereas debit cards are not protected at all. With debit cards a thief can empty your bank account and the bank won't reimburse you.
But you're right, too. Borrowing money is never a good thing. A good compromise would be to use a credit card and religiously pay it off immediately.|||Credit cards ARE NOT a good idea. When you have a credit card, you are borrowing money. Too many people get into trouble with credit cards because they begin to borrow more money than they can afford.
You can never spend more with a debit card than you have because it's attached to your bank.
Take a few moments and browse through Yahoo Answers in the 'Credit' section and you will find many people that are in financial trouble because they've borrowed money.
Building your credit is a myth. The only people that want you to build your credit are banks and credit card companies. You don't need a credit history to borrow money....ask your parents or grandparents. They borrowed money before credit cards and/or credit history existed.
Scott....|||Credit cards are a good way to build some credit so long as you pay on time. They are bad because some people get carried away. I started off with a card I used to purchase gas only. Every time I'd fill up I put money aside to pay the bill in full each month. That way creditors see I can pay bills on a regular basis. Also try getting a contract cell phone to build good credit. Know your limits and spend only what you can afford.|||There is good and bad. With a debit card, there is no interest. With a credit card, you can build your credit history but, if you don't pay off the bill each month, then you are paying interest.
No comments:
Post a Comment