Two months ago I’ve just got my first credit card. I was even afraid to accept it, because I knew credit cards are very dangerous, because they have a very high interest rate, and that it would be better to take a home loan rather than spend money from a credit card. My bank account officer explained me how wrong I was thinking like that.
Then I did some research, and I discovered that under certain conditions, credit cards are much better than other types of loans. For example, there are the so-called 0% credit cards, which bear 0% interest in case you use them to pay at commerciants. My card is one of these, but I have the 0% interest period of 52 days only. Some other cards are much better, offering you many months of no interest. There are also 0% balance transfer credit cards, so you’ll have your balance transferred without paying any commission on that.
The best part of the credit cards is that if you use only what you need. In case of a loan, either you spend all the money at once or not, you pay interest for the whole amount from the very first day.
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