Credit card, a temptation or real necessity?
By lhenpaule
@lhenpaule (495)
Philippines
November 22, 2011 10:18pm CST
I used to have a credit cards. I felt I own the universe because of that.
Buy here, by there, swipe here, swipe there.
I once enjoy doing this and almost became my hobby, until i got trap on this, and worst found myself on zero degree.
I suffered financial turmoil because of this,and it was all my fault.
But God is good, He love me so much that He did not allow me to commit suicide because of sooo much debts due to credit cards.
I am surviving the crisis little by little now.
As I look back, I also agree that my credit cards became a savior to me in those times when I really need financial dependence because those where the times when we were demolished from our houses and we need to build one, and my only recourse are my credit cards.
At present I do not own any, I cancelled all and no longer renew those I have already paid in full with huge interest.
Whether credit cards a temptation or real necessity, what I can say is that, I learned my lesson well.
2 responses
@scheng1 (24649)
• Singapore
7 Dec 11
Hi Lhenpaule, I think you can read about how those rich people use credit card.
They do not have many credit cards, and they just use one or two.
They make use of it as a tool to get more freebies, so that they can eat free and travel free.
I think if you think of credit card as a tool to get freebies only, you will not be tempted to get into debt.
Once you get into debt, it cancel out the effect of getting freebies.
That is how I learn to manage my credit card.
Whenever my friends want to pay for anything with cash, I ask them to give me the cash, and I use credit card to pay for it.
In this way, I am making use of their purchase to earn points, and ultimately the rewards that comes with it.
@lhenpaule (495)
• Philippines
7 Dec 11
Thank you for sharing this with me.
I will definitely take this advise.
Hopefully, I can be approved again and have a new credit card again.
Oh God I promise I will not abuse it.
I feel the necessity. In fact I am thinking how can I get my earnings here in MyLot if i don't have a credit card.
So, please please help me pray that my application for a credit card to my current bank now be approved.
Thank you once again.
@beamer88 (4259)
• Philippines
23 Nov 11
It can be both, actually. It really depends on how you treat your card. I mean, the temptation will always be there. You have ready cash at any time and can buy something at a whim even if you really don't need that thing. It is a necessity too especially in emergency situations wherein you need cash but you don't have one. Bottom line, credit cards aren't really bad. It's how one uses it that makes it bad or good :)
@lhenpaule (495)
• Philippines
7 Dec 11
You're definitely right and I learned my lesson so well.
I abused my credit cards and I was drowned.
Good thing that there are people who helped me and slowly i was able to get rid of the debts.
But honestly, i still want a credit card, even just one, and I promise myself that I will not over do it the next time.
In fact, I feel the necessity to have one once I see my earnings here in MyLot and I am thinking how can I get it thru PayPal because it asks for a credit card, and I do not have any at present.
Hopefully, I may have one the soonest.
