why we use credit cards. Answer not more than 200 words.?

Answer 1

most people use it cause they are broke
but you should use it to establish credit
without credit you cant buy anything unless you have cash

Answer 2

1. You are getting an interest free loan for 20-60 days (depending on the credit card and at what point in the billing cycle the purchase was made), as long as you always pay in full by the due date.
2. Cash back on purchases (usually 1%), or other offers like frequent flier miles.
3. Don't have to worry about going to the bank or ATM for cash for large purchases.
4. Legal rights to dispute a bill with the credit card company if there is a problem with your purchase that cannot be resolved with the seller.
5. People want things that they can't afford to pay for (but this is a very bad reason).

Answer 3

A credit card is about the easiest way to get a loan. People who want or need things that tend to have 'low' costs use credit as a loan to purchase those products or services.

Answer 4

well credit cards can be a good thing or a bad thing in my eyes its just a way for the banks to keep you in debt ,they make money on the interest you pay ,credit cards can also help you with
a home loan if you have credit its easy to get another loan where you don't have any debt its harder to get alone
so to answer you're q it alot nicer to use some one else money than you're own money

Answer 5

1)To get things now instead of waiting to save up money
2)convenience, instead of using cash or writing checks
3)To boost the credit rating.

Answer 6

Instant payment, identity purposes(for liek online shopping and stuff), borrow money, and NOT SAFE to have =[