Did you like or dislike to use credit card as payment option?

oh yeah, I always make sure that I only use my credit card in an amount that I can afford to pay in full at the end of the month.

I actually already made a post about the benefits of using a credit card in my old blog (that no longer exists). Right now I haven't had the time to re-write and re-post it in my new blog.

yona, we are very much the same in here. Finally! I agree with all the benefits you stated above. Maybe we should write something about this in our own blog. I will also raise the number 4 points. Its do really in our benefit if like example we want to buy a Tv that cost $1000 or more. we pay by credit card and we can at least had one month interest of $1000 in our bank account. If we used ths card cleverly, we can even pay that bill after 50 days of purchasing the TV. The key is too timing your buying. Check when was the time your credit card statement got printed. Example: Printed on 8th each month. And your last day payment had to be at 28th each month .That mean if you bought goods like TV at May 8 2008, you had at least 56 days before you need to pay off the bill. Yes, your due date for that bill will be at June 28 th. If you had that money in your bank account when you bought the TV. You can have 56 days of the money interest first. You earn some points and it will be pretty sweet if you buy that at discount price. Heck, I am not bad at this card thing.

Credit card is not "owe money' if you had that money amount in your bankl account. you can had that money amount for more than 50 days after you use your credit card. but its only my opinion. dad also not fond about using it.

Hi serena, Very good explanation about credit card advantage specially if you need them to make big transaction. cause went to bank each time to withdraw big money specially in jakarta, was not wise choice. If you time your crecit card use wisely, you can even had more than 50 days of free interest from the card. But it depend on the card company policy.

Thats the other reason i carry credit card then cash. Specially when i wanted to buy expensive things. It always worry me to carry lots of cash in pocket.

sutan, you pay 4% permonth if you had a debt with them. If you pay your all your transaction 100% you will not get any interest fees. Debit card is worst than credit card. Once I used a debit card and the machine card had an error. So i canceled the transaction. How suprise when i check my account that they charge me for the transaction. i file a complain and have to wait for 2 months before the bank refund my money. It will not happen into credit card. Cause your money will not be debit from your account instantly. The error transaction will be in pending. And if they didnot receipt any ticket transaction from the dealers, they will cancel that pending and did not put that transaction in our statement.

Hi liquorice, I am indeed very careful about money. Maybe thats why i am also do a good job at managing my credit card account. My take on this if the credit card give us a lot of advantages why not try to use it for our own advantage. Example: I once buy a DVD player + speaker with a credit card that had a promo where people can pay electronic stuff in one year without any interest in major electronic shop. So instead of paying full, I just pay a little sum each month for one year without any interest as usual from the card.

You are absoultely right Howard, about the debit card disadvantaged. Cause sometimes when you swipe your card, an error can happen. If it was a credit card, it usually only on pending order and will be canceled later. But not with debit card cause your account automatically debited. I had this incident once with debit card and had to wait almost two month before the bank refunded my account for a sale I never make cause of a card swipe error.

Very good of you to pay off the full balance of your card statement each month to avoid the high interest from the the card company. The extra cash back always fun. Cause though its not much per month, but when you save it up for a year, usually the amount was a decent one where I colud buy a new clothes or go to a nice restaurant with my family.

Nice to hear you solved the problem with credit card isue. I had to admit sometimes it takes an iron will not to use that card. Specially when I am online and so many things I wanted with big discount.

Thats the downside of credit card. tthe alluring of using it to buy things we wanted but cannot afford. Have you call the customer service and told them you can barely pay the card so asked them to let you pay without any interest Some of the card company had that policy.

Yes, thats what I am taling about. If we had self control and the urge to over spending. Credit card is a friend than foe. I had a credit card that pays back 1,5% for every major gorcery stores in jakarta. So its nice to have and save some money while i shop for daily goods.

You are right. About card can be stolen or identity theft. thats why i burn all my credit card statement isntead thrown them at the garbage. I also burn all my credit card receipts. Just to be safe. cause I read from paypal, that the scammers even check your trash for your credit card receipt and statement in order to make a new identical card as yours.

Its okay, if you dislike credit card. Thats the point of this discussion. the pro and con always make a discussion interesting as long as the discussion stay in healthy road.

oh well, that is life...some agree with you,,, some do not!

Yep, must be careful about credit card use cause its ineterst are indeed crazy. More than 40% a year now. Anyway, If you can control the card use, it benefit is awesome sepcially if you had free anual lifetime card like lingli and me.

I suauslly exchange them for vouchers. specially a grocery voucher will be the most I wanted. Or book shop voucher.

Hi youless. Again, you can pay at least 50 days from your credit card used if you time them correctly.

I already explained long about the disadvantaged of debit card. though I recently found out the useful of it in withdrawing with paypal.

With paypal, it become much more secure to buying things online. :D