Skip to main content

Credit Cards-A Friend or a Foe?

Do you have a credit card? Well, if you do, your just one of the millions of people around the world who wants to avail the advantages of having one.

A credit card is a piece of plastic card that can be used to purchase goods and services. It looks like an ATM, usually with your name and card number inscribed on it. The only difference between the two is that credit cards can be used for buying things based on the sole promise of the holder to pay his debts under an agreed terms and conditions. You can buy as much as you want until you reach your credit limit within a month. Credit limit is the maximum allowed debt in a given month. Credit limit varies depending on the type of credit card (Classic, Premiere, etc) and also varies depending on the paying capacity of the person applying for it.

Credit Card Advantages

Credit card makes money transactions a lot more convenient. You don’t have to bring a lot of cash. All you need is to present your credit card on merchants that accept it. They will just swipe it on their machines and in the split of a second, the item is already yours. The cost of the item will automatically be reflected to your account. You’ll just have to pay it at a specific date of the month.

Another benefit of having a credit card is that it can be used in online shopping in the internet. Most airlines are capable of online booking so you don’t have to go to their sales office to purchase airplane tickets. Also, the popularity of online shopping like Amazon, eBay, and many other e-commerce websites are growing. On all these, credit cards can be used to transact online.

For emergency situation where you need immediate cash, you can do cash advance on the nearest ATM machine that supports the credit card you have. Visa and MasterCard are two popular credit card payment services that can be found almost everywhere around the globe.

Credit Card Dangers

The only disadvantage of having a credit card lies on its potential dangers. Most of these however, depend on the holder’s attitude. One of these is overspending. The “huge” purchasing freedom provided by having a credit card can be a trap to everyone especially if you are not a disciplined person. Many who fell on this snare found themselves covered in deep layers of debts until the point that they cannot manage it anymore. They cannot anymore bear the debts that are increasing every month due to the high interest rate.

Also, take care of your credit card. Stolen credit cards can be used to purchase goods and services charged in your name. This is not limited to physical stealing but also information stealing through the internet. There are many ways that were invented by cyber criminals to hack information about you like your credit card number and PIN. With this and other information, they can use your credit card to purchase for themselves.

On all these disadvantages, there are still ways to minimize the risk. With regards to overspending, the solution is to practice discipline. On the security risk, the solution is being vigilant. Transact only on your trusted vendors whether online or not.

Credit Card: Friend or Foe?

The answer to this question depends on the person. Examine yourself first before deciding to have one.
Credit cards Français : Cartes de crédit Itali...


  1. This site constantly keeps me update about the style industry considering that longer. i'm very fond of your running a blog and reshuffle. you did such a pleasant modern attempt as well as we will that. you must check mine stuffs too. thanks.friv Games free
    Jogos online
    friv free Games


Post a Comment

Popular posts from this blog

SCAM: My First Scam Text This Year; 850000 Pesos from GMA Kapuso Foundation

It's a brand new year for everyone, including local scammers. And despite all the efforts by PLDT and Globe Telecom to curb text message scammers, from time to time, they still creep out and show up in our inboxes. And as hard to believe as the messages of winning some great amounts of money is the fact that there are still people who believe them. I personally know someone and that scam text message triggered events that turn her life upside down. So my point is, we still need to be careful regarding these scam messages. The danger is real! So without further ado, here's the scam message I received a few days ago. On Sunday, January 7, 2018 at exactly 3:33PM (PH time), I received this message from a certain Atty. Jhon Acosta with phone number 09552962911 Congratulations! Ursim# Hadwon PHP850,000 From(GMA KAPUSO FOUNDATION) To Claim Send Ur (NAME/ADD/AGE) &Call Me Now Im Atty;JHON ACOSTA DTI#0391s2018 Thankyou,  Do Not Ever Reply Obviously, this is a

How to Set an Appointment with SSS Online?

To avoid long lines in SSS Offices, you can use their online services to set an appointment before going there. Here's the steps to do it. Note: SSS stands for Social Security System, a government owned and controlled corporation serving as a statutory insurance service for private individuals. 1. Log-in to . In the login tab in the menu, you can select SSS Login and you'll be greeted with this interface. Use your username and password to login. In case you forgot either or both your password and your username, just click the appropriate link. In case you haven't registered for an online account, click the appropriate button to register. 2. Once you have entered your account, hover over to Members Profile and select the Appointment System link under it. 3. Select from the drop-down menus the Purpose of your visit, the Region , and the SSS Servicing Branch you wanted to visit. 4. Select a date from the calendar provided and

FREE Calls to Your Favorite Fast-food Chain on Globe Phones

In the age of mobile apps and ordering via internet, people are increasingly going from "calling" to "tapping and clicking" their fast food orders. The arrival of Honestbee , Foodpanda and just recently, Grab Food is a testament to how much this trend is growing. The visual effect these apps provide has a huge advantage over voice only "call". In an apparent attempt to pull back some users in using the hotlines, Jollibee Group teams up with Globe Telecoms to allow free calls on their Globe handset to order from their favorite fastfood. Yes, even without a load , you can make a call to the Hotlines. Here's the promotional poster. Just dial these numbers to order: Jollibee - #87000 Mang Inasal - #71111 Chowking - #98888 Greenwich - #55555 Burger King - #22222 For more information check this link