Do you think a credit card is a necessity?

credit cards is important but wisely use cause if use your credit card wisely you pay small amount but if not use wisely then you know the consequence right some they blow their bankrupcy because of credit cards but they i can't think what is the cause of their bankrupt right 

 

I personally like my debit card. It has all the electronic fascilities of a credit card but does not let u overspend. You keep within your limits. You can avoid EXPENSIVE IMPULSIVE PURCHASES FOR WHICH YOU HAVE TO PAY HIGH INTEREST RATES LATER ON. You have peace of mind.

The use of reason

Everything has its flaws and has features

 

In this case, the fact that careful

Is debt a necessity? If yes, then yes! But I doubt it. The rather usefulness, instead of necessity, of a credit card relates to its facilitation of shopping payments in a heavy "credit economy"; I can't say this of Western Europe for instance as people here are more used to using their bank cards for daily payments, even if it's the supermarket. That's debt-free, interest-free, hard-earned money, carefully and well spent. The "dangers of credit cards" lie mainly in the psychology of "easy money"; such cards have a magical way of easing themselves into your mainstream budget and shopping-sprees habits as if they're not interest-bearing! Use a Debit Card instead if you fear for such effects. It has the same functionality and you can only spend as money as you ACTUALLY have (topped-up by you), not what you "FRACTIONALLY have".

Certainly, Credit Card is very helpful in our daily life. If some one need cash money all on a sudden due to any emergency purpose then card holder can take advantage from this credit card instead of borrowing from any friends or relatives. We should avoid cash withdrawal from credit card but only emergency or when there is no sufficient money in deposit account. Generally, credit card can be used for purchase and Debit card for cash withdrawal purpose. To avoid high rate interest, full payment in credit card bills within payment due date is mandatory.

It's a need of the day.

Lot of people think that posession of credit card could easily lead to unbearable debtburdon. I do partially agree with this but credit card has some advantages too i.e.

1. It could establish your credit history which could be useful if you want to borrow money for house purchase or a nice car in future. Having no credit card means no credit history at all.

2. It could aslo help an individual to become financially organized like purchasing something by using CC and paying money back before the start of interest rate.

yes sometimes its helpfull 

credit card is most important part of a human life in nowadays life , and mostly in europe and in america90% people are using credit card for their daily life , its a plastic money no body can steel nothing from you its upto you when ever or where ever you want to use it , and bank rupt person cant get a credit card because he already have0 rating with the banks 

It is obiviously nice to have , but the person wont have a control over it by paying amount right on time will be a headache later.it is always recoment to pay the full amount by due date to avoid the service charges if possible. Credit card bank will project the small % of interest for monthly if you multiply it to annualy it seems a biigger amount and all other tax componenets apply on the interest % it  may lead to the loss of big money later to settle or close the account .