Learn more about moneyandinvestments with this collection
How to create and sell NFTs
The future of NFTs
The benefits and drawbacks of NFTs
2. Emergencies
If you need to buy something and you don’t have the cash on hand. A credit card can be a very expensive type of loan but circumstances can make it difficult to ignore.
18
156 reads
MORE IDEAS ON THIS
5. Inevitable
For some transactions providing a credit card is compulsory. For instance, hotel reservations or car rentals may require that you submit a credit card as this would ensure that whatever extra costs you run up can be easily recovered.
17
157 reads
1. Building Credit
If you don’t have a credit history, you won’t have a good credit score. A credit score is a number that rates your credit risk. Creditors use it to determine whether to give you credit and what terms to offer you. Having a high score can make it easier for you to get a loan, rent an apartment, or...
18
136 reads
3. Rewards
With a credit card you can get cash back on your purchases, airline points, discounts, coupons and more. These rewards are not available for Debit card users
17
130 reads
4.Convenience
Most credit cards can be used internationally and online, whereas cash and bank cards often cannot, you’d have to use some form of currency exchange or maybe PayPal (if it’s an option).
17
157 reads
Why do people get credit cards?
I try to avoid anything that would lead to debt, most people would too yet even though credit cards fall in this category; it remains one of the most popular means of payment. Why?
18
189 reads
CURATED FROM
Rewards, Debts and Interest: A Complete Guide to Credit Card Management
informationprime.wordpress.com
6 ideas
·925 reads
CURATED BY
Writer, artist, Accountant and a forever learner. Learning, loving, Hoping.
These ideas help to understand why credit cards remain a popular means of payment despite being a form of debt.
“
Related collections
More like this
Discover if you’re a consumer
- You feel the need to reward yourself after a hard day of work by buying new clothes/accessories or eating out.
- Lifestyle creep controls your expenses. When your income increases, you buy a new car or a more expensive house.
- You reserve your credit card for unexpec...
How To Best Build And Track Your Credit
- Reviewing your credit report and your credit score regularly can save you money
- Keep your credit use below 30% of your total available credit, as it can ding your credit score. You calculate it by dividing the total amount on all of your credit cards by your tota...
Spending money mindfully
- Leave the item for 24 hours. If you still want it and can afford it, then make the purchase.
- Don’t let “blowout sales” tempt you. Ask yourself if you would buy the item if it were full price.
- Check your bank balance first thing every morning. It will ensu...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving & library
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Personalized recommendations
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates