Q. Is credit card good?

Is credit card good?
What do you guys use it for?

50 points 0votes 26/04/2007 4:06:05 PM by NasiBriyani the boss Post Reply
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yea i use it..only for huge purchases and only when i know i have the cash to pay it all off. I don't wanna to be charge in interest and later go into debt.

that would be just awful and besides, interest is haram. :)

0votes 22/05/2007 3:33:57 PM by malt fresh

Credit card is a good way of making payments.The problems are due to users are not discipline in using it. There are so many advantages like not to carry big cash around,reap from special offers given by banks,guaranteed of purchases,proper documentation of spending,petrol discounts,no cash in wallet-means no impulse spending or belanja people,no shortchanges of cash and many more. The trick is you must have the money in the bank before you spend and pay your bills without incurring penalties.If you understand to be discipline,users are actually riding the benefits free of charge from the banks

0votes 17/08/2008 10:33:35 AM by RON rookie Accepted Reply
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Topics > Lifestyle > Finance and Banking > Q