credit card
By vathsala
@vathsala30 (3732)
India
November 12, 2009 12:29am CST
hello friends,
Everyday we will be shopping for something or the other for which we need to pay money. But everywhere we can't carry heavy amount due to so many reasons. So we use credit card which will take care of our heavy and light purchases. But I do not have one for myself but my son and DH are having more than one. Do you have any card for you. If so how many.
1 person likes this
12 responses
@beabenitez (153)
• Philippines
16 Dec 09
i have 2 credit cards right now ...the other one i use it on my business and the other one for personal consumption. if u used it and pay it immediately it is very ideal to used but in a certain point u didnt paid it ,,,it is a burden at the end, interest will bogged u down.
@vathsala30 (3732)
• India
17 Dec 09
hello beabenitez
It is good that you are using two credit cards for two different purposes to avoid hassels. it is very nice of you. Are you doing business?
1 person likes this
@chaitra001 (3278)
• Bangalore, India
12 Nov 09
Hi vathsala.. I too dont have any credit card.. My husband is having.. So whenever we go for shopping and all we use his credit card only.. I dont know why but I am not interested to take one.. I can use my debit card only for shopping.. so I dint feel the necessary for the credit card..
1 person likes this
@vathsala30 (3732)
• India
16 Dec 09
Hi chaitra
I do not think that credit card is necessary to all. it is for those people who need to carry heavy amount and since it is risky, they will have a card. and use it for various purchases
@Buchi_bulla (8298)
• India
12 Nov 09
I had citi bank visa card before. It was convenient no doubt but the purchases were not limited to the basic requirement but it was extravagant. The interest levied was 2.5% pm then. That means I am paying 30% interest. One day I realised the debt balance was too much though I was paying good amount every month. Then I took loan and settled the outstanding balance and surrendered my card. Now my bank has given me a debit card but till now I never used it. One shock is enough for me. May be if you have control over your mind, it is convenient.
@vathsala30 (3732)
• India
17 Dec 09
In my house, both my husband and son are having credit cards, but my husband uses it only in emergency like suddenly we have received a call informing about the serious health condition of our close relative, then if it is a month naturally we do not have enough money to buy a plane ticket, so he uses his card. My son uses it to pay for the petrol, dresses, shoes and returns in time, thus avoiding the interests.
@dianagnes (1088)
• Singapore
12 Nov 09
I dont wish to have credit cards because i simply dislike to owe a debt.If i have,it might because of something matters that need a credit card to be use. ;)
@vathsala30 (3732)
• India
16 Dec 09
Hi dianagnes
Your policy is very nice and practical. Even I do not have one credit card. But while opening a paypal account for the cash out in mylot, I was put in a much difficult position. it is a must for opening an account and mylot will only credit the earnings to the paypal. Then I have adjusted according to the afiliations in that colomn. What did you do? how did you open an paypal a/c without a credit card? I think definitely you might have your payout of $10
@dianagnes (1088)
• Singapore
16 Dec 09
I create my paypal account without stating any card number.I still have the payout of first mylot pay inside my paypal account.Its been there for quite a while..i have not even use it or transfer it anywhere.
@vathsala30 (3732)
• India
16 Dec 09
Is it possible to open one a/c without any credit card? do we need to give our bank a/c no? is it safe? If so I will do the needful and get the paypal account transfered into my bank account
@my_name_is_coco (4333)
• Philippines
14 Nov 09
I don't have a credit card.I know my spending habits.I can foresee myself drowning with credit card debt.I foresee that when I have a credit card,I would have probably be spending a lot on shoes,beauty products,perfume,and lingerie.I prefer buying in cash,so I know how much I can spend.
@vathsala30 (3732)
• India
17 Dec 09
Hi coco
Yes. Actually credit is not necessary. We keep it because if we need some heavy money, instead of carrying it and landing in risk, we can easily make transaction.
@jndlponti (2402)
• Philippines
14 Nov 09
Hi vathsala... I too do not have a credit card myself even my husband. We use cash when we go shopping since we do not shop a very big amount that would not fit our wallet... We only have some bank accounts by passbook and card that we could withdraw through ATM.
@vathsala30 (3732)
• India
15 Nov 09
Hi jndlponti
You are like me. Even I too do not have a credit card myself, but my son and DH have. We are also not a big shoppers. Just go to any provisional shop and buy the necessary things. We use our debit card and withdraw money through the ATM. Thanks for responding
@danishcanadian (28953)
• Canada
19 Dec 09
Why don't you have a card, but they have several? I have a pre-paid credit card. I don't believe in paying for items with someone else's money, so I will make sure I have the money in the bank before I actually use the card.
I prefer the pre-paid card because I need a credit card to buy things on line, and book hotel reservations, otherwise I'd just pay cash. I also like the points that I get from credit cards too
@zhuhuifen46 (3483)
• China
12 Nov 09
Hi, credit cards are convenience for our life. I use Visa for overseas travel to save exchange charges. At home, I use local bank credit card for supermarket shopping, discount movie tickets, etc. There are smart users of credit cards to great financial benefits, but abuse of credit cards is causing great social problems, as well. We really need to be self controlable to make good use of credit cards.
@vathsala30 (3732)
• India
17 Dec 09
Hi,
Now a days i think almost all the people are having credit cards, who use it for various purposes. Some popular banks are enticing the customers, to buy their credit card by offering some points for the purchase and some gifts according to the points which makes the customer to use more and more their credit cards
@neelimaravi (1793)
• India
12 Nov 09
hi vathsala aunty, yeah, before i had credit card citibank, but some of the reasons, i cancelled that, from that time i am using debit cards of citibank and centralbank debit cards, for that conditions, my husband will provide his credit card, so, i am not worried about the credit card, thankyou, happy mylotting.
@vathsala30 (3732)
• India
17 Dec 09
Hi neelima
If one member in the family can have his credit card, then the other persons may have debit cards and in this way we too adjust our selves. I too am having one debit card for State Bank of India and Canara bank which is nearby our house. My husband and son are having credit cards and debit cards of various banks
@deepasubramani (1074)
• India
12 Nov 09
Hi aunty,
S aunty i agree with you everytime we cannot carry heavy amount for some reasons. In that case we can use our credit cards. I was having a credit card earlier 1 month back i cancelled it, if i had a bad experience.
@vathsala30 (3732)
• India
17 Dec 09
hi deepa
In the month end we will not be having heavy money and if we need money during the emergency like medical bills or sudden travel, we will use it and repay later
@vathsala30 (3732)
• India
17 Dec 09
Hi govijo
Credit cards are very useful and at the same time if not paid within the stipulated time, they will charge large sums as interest which sucks and drains our wallets.
@priesh72 (65)
• India
13 Nov 09
Hi Vasthala,I too dont have a credit card on my own. Even my hubby too. I shop with my debit card. I dont think it is necessary. IF we have credit card, definotely we purchase the unwanted most of the times and shocked when see the bill.
