Credit Card

India
December 20, 2006 10:12am CST
Is it a status symbol of having Credit Card? Of course I do have a credit card. It will solve the emergency need. Some persons feel as if is a fund generator, and spend through credit card, ignoring the thing that they have to repay at an earliest. What is your opinion about this?
2 responses
• South Africa
20 Dec 06
I have one, and still working on paying it off. I think credit cards can be usefull, but also very dangerous, since there is a huge temptation to spend more than you have. I think most people cannot handle the responsability that credit cards bring, and end up driving themselves deeper into dept.
@srhelmer (7029)
• Beaver Dam, Wisconsin
20 Dec 06
I don't have one. They are a great way to get yourself in too much debt. I am thinking of getting one for emergencies though.