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Why would you want a credit card?

Updated: 9/21/2023
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11y ago

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When you're young, it might be to pay for things that you don't have the money for yet. Sort of a layaway program. This is a bad idea, because you'll always be borrowing against your future earnings.

Later in life, you can use a credit card to get extra protection for your expensive purchases, and to earn rewards like points or frequent flier miles. I have a credit card that I use strictly for fuel purchases, that earns me a decent amount of points to spend on Amazon products. I pay the bill off in full, every month, to avoid interest charges.

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11y ago
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Related questions

If you did not pay your credit card what happens?

the credit card company sends people to get their money i would want to pay them.


Is it good to have a low interest credit card?

Yes it would be good to have a low interest credit card. If you are a large spender and cannot pay your debt in a timely manner you would want a low interest credit card.


Why would someone want to buy a credit card machine?

You would want to buy a credit card machine if you are allowing credit card purchases in your business. Also, if you do not have a computer, tablet or phone that allows scanning of credit cards then you would need a credit card machine.


Which of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?

Low fees for balance transfers


Where can I compare different credit card rates for my office?

Well, I would recommend creditcardguide because they compare credit card companies that provide business credit card services based on their rates. However, you could also enter the names of the credit card companies that you want to be compared.


Which one of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?

Low fees for balance transfers


What credit cards can you get with a score of 524?

Assuming your asking about Credit Cards, you would probably only qualify for secured credit cards. You would need to put down a deposit equal to the credit limit on the card. If you want an unsecured credit card, one where a deposit is not required, you will have to fix your credit and improve your credit score.


If I am 14 years old can you apply for a credit card in the US?

A credit card requires a contract. Contracts can not be executed with a minor (someone under 18). So you would need a parent or guardian to be a co-applicant or guarantor if you want a credit card.


Increase credit limit for credit card?

If you want to increase your credit card limit, you should use it regularly and create a predictable credit card history. Pay your bills on time.


Where would I get information on applying for a platinum credit card?

A platinum credit card is a credit card which usually has a higher than usual credit limit. Also it has more advantages than a standard credit card or a gold credit card.


Can you transfer a spouse's credit balance to credit card?

Yes, you can transfer any balance you want to your credit card. Note if you transfer the balance to your credit card, you are now liable for the full debt and not him unless he is an authorized user on the credit card.


If you left the US and have not paid the credit card for a year and now want to return would the credit card companies be able to trace and sue you?

Sure, if you get a job, it would be fairly easy for a "skip tracer" to track you down.