Are Credit-Cards really that bad?

Kaets · 04-04-2007

All I hear is the worst from credit cards, are they really that bad? I personally haven't gotten one yet, I am only 20, but I am thinking about getting one soon.

chargebacks · 04-04-2007

I'd get one just for emergency sake, after that, it's just over kill. You find yourself too easily charging up a storm, not realizing how you got into that situation. I know very few people who didn't follow that pattern. My advice, get a regular one, small credit limit and that's it. Avoid temptation to get others.

Kaets · 04-04-2007

That's what I think I will look into. I have been looking into a Master Card with a $250 limit, and I will try my best to keep everything organized. I don't make that much money, so it could be really easy to go over.

biggerboy · 04-04-2007

Well they could be either, if you manage them correctly they can be a nice convience. But if you just spend without ever accounting your cost until the bill comes the debt can start building up fast. You may want to try a debit card first because you can't spend what isn't there. But you aren't as protected as with credit cards. Your choice

joecool6101 · 04-04-2007

It really depends on what type of person you are... if you can manage money easily and want to build your credit quickly then a credit card is fine if it has a small limit on it that you can pay back right when you get the bill.

dovic1 · 04-05-2007

Credit cards are not bad its people that make them bad. When some people get a credit card they go crazy. You just have to know how to discipline your self.

jackman · 04-06-2007

Quote:

Originally Posted by dovic1

Credit cards are not bad its people that make them bad. When some people get a credit card they go crazy. You just have to know how to discipline your self.

Absolutely right, its the people who make it bad. If you use you Card wisely and cautiously, then I don't believe you will ever get into trouble

ltjman22 · 04-07-2007

Credit cards are not bad if you can pay them every month, they feed on people that can not pay thier debt right away!

stealth · 04-08-2007

Using credit cards for online transaction is very convenient. For emergency cases, credit cards can come to the rescue. However if you abuse your card, that is where the trouble begins. It is important then to manage your finances and spending properly.

ltjman22 · 04-11-2007

They are good to use on online purchases, as that's all I use mine for! Just make sure you spend what you can afford on the card!

04-04-2007	#1 (permalink)
Kaets Member Join Date: Apr 2007 Posts: 30 Rep Power: 0	Are Credit-Cards really that bad? All I hear is the worst from credit cards, are they really that bad? I personally haven't gotten one yet, I am only 20, but I am thinking about getting one soon.

04-04-2007	#2 (permalink)
chargebacks Administrator Join Date: Feb 2007 Posts: 224 Rep Power: 10	I'd get one just for emergency sake, after that, it's just over kill. You find yourself too easily charging up a storm, not realizing how you got into that situation. I know very few people who didn't follow that pattern. My advice, get a regular one, small credit limit and that's it. Avoid temptation to get others. __________________ John Lark Chargeback Forum Senior Moderator http://www.chargebackforum.com/

04-04-2007	#5 (permalink)
joecool6101 Senior Member Join Date: Mar 2007 Location: On, Canada Posts: 250 Rep Power: 2	It really depends on what type of person you are... if you can manage money easily and want to build your credit quickly then a credit card is fine if it has a small limit on it that you can pay back right when you get the bill. __________________ Gamer Forums \| Free Flash Games \| Free File Uploads

04-07-2007	#8 (permalink)
ltjman22 Senior Member Join Date: Apr 2007 Posts: 409 Rep Power: 0	Credit cards are not bad if you can pay them every month, they feed on people that can not pay thier debt right away! __________________ Myfishsite Fishing Forums!

04-08-2007	#9 (permalink)
stealth Member Join Date: Apr 2007 Posts: 71 Rep Power: 2	Using credit cards for online transaction is very convenient. For emergency cases, credit cards can come to the rescue. However if you abuse your card, that is where the trouble begins. It is important then to manage your finances and spending properly. __________________ Premium paid directory Daily updated software blog 3DMax and Photoshop tutorials

04-04-2007	#3 (permalink)
Kaets Member Join Date: Apr 2007 Posts: 30 Rep Power: 0	That's what I think I will look into. I have been looking into a Master Card with a $250 limit, and I will try my best to keep everything organized. I don't make that much money, so it could be really easy to go over.

04-04-2007	#4 (permalink)
biggerboy Member Join Date: Apr 2007 Posts: 33 Rep Power: 0	Well they could be either, if you manage them correctly they can be a nice convience. But if you just spend without ever accounting your cost until the bill comes the debt can start building up fast. You may want to try a debit card first because you can't spend what isn't there. But you aren't as protected as with credit cards. Your choice

04-05-2007	#6 (permalink)
dovic1 Member Join Date: Apr 2007 Posts: 67 Rep Power: 2	Credit cards are not bad its people that make them bad. When some people get a credit card they go crazy. You just have to know how to discipline your self.

04-11-2007	#10 (permalink)
ltjman22 Senior Member Join Date: Apr 2007 Posts: 409 Rep Power: 0	They are good to use on online purchases, as that's all I use mine for! Just make sure you spend what you can afford on the card! __________________ Myfishsite Fishing Forums!

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)

Thread Tools	Search this Thread
Show Printable Version Email this Page	Search this Thread: Advanced Search
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Number of cards you have	MaryMary	Credit Card Debt	23	06-22-2007 11:48 PM
Online Accounts for Credit Cards	MaryMary	Credit Card Debt	13	06-22-2007 12:24 PM
Virtual Credit Cards	inworx	Credit Card Debt	11	05-27-2007 08:42 PM
Deutsche Bank launches Credit Cards in India	syed.ilyas	Creditors & Collection Agencies	6	05-26-2007 11:11 AM
Beware of Credit Cards	syed.ilyas	Creditors & Collection Agencies	12	05-26-2007 08:51 AM