0
To acquire credit.
To obtain goods and/or services now rather than later.
In Detail:
Credit Cards -- Can be very helpful, allow you to get things you normally would not purchase because you do not have enough cash. So, those special items you want to get, like a new computer, a digital camera or camcorder, clothes, jewelry, appliances, furniture and much, much, more are at your fingertips. In short, anything you want to get, you can get with a credit card. Some people buy cars and other major purchases. BUT, there is one thing credit card companies have that a lot of people don't have ----- the money to back up the purchase. A lot of people buy an item on credit but have no idea on how they are going to pay for it, but they think they have to have it. Others make purchases and have not worried about the purchases because they have a job to pay for it --- until lately.
Paying off credit cards on time gives you a good credit rating, which allows you to get even more credit. The higher your credit rating, the better your interest rate is on major purchases financed, such as cars, homes, or other high priced item. Many employers look at your credit rating which tells them if you are dependable. Do you keep your word? A poor credit rating is what causes A LOT of the stress, both mental and physical, bankruptcies, divorces, and other major hardships on individuals and families. In fact, issues concerning financial issues is one of the top 5 causes families have hardships.
Wiki User
∙ 11y ago
Add your answer:
Earn +20 pts
Why do people use debit cards?
They do because people may not have any money on hand and so they use debits cards or other credit cards.
What is the meaning of credit cards for people with poor credit?
The meaning of credit cards for people with poor credit refers to credit cards that are approved to people that have had financial problems or debts in the past. They usually allow one to rebuild their credit score.
Do people use credit cards more than cash?
Generally, people are moving toward more electronic means of payment instead of paper money, but these are not limited to credit cards.
Are there any credit cards available for people with bad credit?
There are credit cards available for people with bad credit. Secured credit cards are more suited for people with bad credit and are likely to be the only ones they will qualify for. Capital One offers a Secured MasterCard which is available for people with bad credit.
What are two types of credit a person can use and have?
people can have several credits, line of credit, credit cards and equity in their home to name a few.
Why do people use debit cards?
They do because people may not have any money on hand and so they use debits cards or other credit cards.
What is the meaning of credit cards for people with poor credit?
The meaning of credit cards for people with poor credit refers to credit cards that are approved to people that have had financial problems or debts in the past. They usually allow one to rebuild their credit score.
Do people use credit cards more than cash?
Generally, people are moving toward more electronic means of payment instead of paper money, but these are not limited to credit cards.
Are there any credit cards available for people with bad credit?
There are credit cards available for people with bad credit. Secured credit cards are more suited for people with bad credit and are likely to be the only ones they will qualify for. Capital One offers a Secured MasterCard which is available for people with bad credit.
What are two types of credit a person can use and have?
people can have several credits, line of credit, credit cards and equity in their home to name a few.
What are the cards that autistic people use called?
Well, I don't know about other Autistic people but the only cards I use are credit cards for my shopping! You'd have to be more specific as to what sort of cards you're talking about, you may mean ID cards or some Autistic people have cards to communicate.
Can you use Credit cards in England?
Yes, many credit cards are accepted in England.
What is the percentage of people with multiple credit cards?
In the year 2010 the percentage of people with multiple credit cards is 68%.
What year did credit cards begin?
Credit cards came into use in 1951. One of the first credit cards was the Diners Club card and Visa.
Why push the walmart credit card when economy is so bad?
It doesn't make a difference to Wal-Mart or any other credit card company what the status of the economy is. They would love to get people with good credit ratings to use their cards. They make money when people use them. The more people that use the credit cards, the more opportunity to make money they have. There is some risk that people will use them and not pay them off, but there is still value involved.
What kinds of Visa credit cards are good for people with bad credit?
People with bad credit can use pre-paid Visa cards since these do not require good credit or credit checks. Anyone can load money on to them and once it's used up they can't spend any more money.
Are there credit cards for people with bad credit?
Credit cards for people with bad credit are secured cards issued by banks. It is also possible to get unsecured cards with low interest rate or zero APR for the first six months. Negotiations can be done with the bank that issued your credit card.
