Credit Card

[Dilip]

Does having a credit card help you do better when monetizing your projects? What advantage do you have when using credit card instead of other options?

 

[Sara]

I don't have a credit card. I am not ready to get it, my finances haven't reach to the point of getting one for myself.

I know it have it's own advantage in monetising projects such as providing quick access to capital, processing payment from customers but if one didn't use it wisely, it will lead to overspending or accumulating high interest debt.

 

[Dilip]

But it helps a lot. Credit cards are often seen as an assurance. Even if you are trying to get an EMI with a cash-loaded debit card, there are issues. But if you go ahead with a standard credit card, things are a lot easier.

I am not saying that it is the best financial advice, but it works at times and there are no good alternatives.

 

[Sara]

Yeah, it works at times but not all the time. If there's any other food alternatives, credit card won't be the first option but because there isn't.

 

[Jeff]

I have a very good credit score which makes it so good for me to get any credit card that I want. They have been very helpful in most of the things I needed them for and they have certainly helped me with both my online and offline businesses so much.

 

[Dilip]

Can you manage without credit card?

 

[James67]

Can you manage without credit card?

Yes of course, I can manage very well without having to use a credit card. In fact, I've been doing well with managing over the years without using one and that's not going to change any time soon.

 

[William]

I have a credit card which I use whenever it is necessary for me to use it because I don't want to be having a lot of transaction on the card which might end up being difficult for me to pay off and it's going to affect my credit score. It's on cases of emergencies that I use my credit card.

 

[Edward]

As long as you can be able to manage using your credit card, it's a good thing to have for anyone who's doing one business or another. It gives you access to money easily which helps you to get things done. It's the only reason why I use it.

 

[Shortie]

I don't have a credit card myself and refuse to have one at least at the moment. I am someone who prefer to use my debit card for any payments I need to make as I find it better to only be able to spend the money I have at the time rather than spend an amount and have to pay it back over time.

 

[Richard667]

Well, it's very important to make sure that you keep your credit score very high when you're using credit card. Never let your credit card debt go so high it's going to be very difficult for you to pay it off. Having credit card certainly helps when monitizing your projects.

 

[Michael671]

I wouldn't really know because I don't make use of credit card for anything because I have seen a lot of people that had bad experiences with getting into debt as a result of not being able to manage how they make use of their credit cards.