[ThomasC]

Originally Posted by GoldHeart

I have no idea,but I've never trusted credit cards ever .

It's not the credit card, it's the PERSON.

If you can't use one sensibly then don't. You can't go blaming the bank

[Cherie]

Originally Posted by ThomasC

It's not the credit card, it's the PERSON.

If you can't use one sensibly then don't. You can't go blaming the bank

yes credit cards are a great way to spend money as one as you pay it back IN FULL at the end of each month, its basically lending you money until payday, you are also covered for large items as long as you pay 1.00 on a credit card so if you buy a sofa for instance and the company go out of business before they deliver it, you are covered by your credit card and will get your money back in full.

[Redway]

Originally Posted by Cherie

yes credit cards are a great way to spend money as one as you pay it back IN FULL at the end of each month, its basically lending you money until payday, you are also covered for large items as long as you pay 1.00 on a credit card so if you buy a sofa for instance and the company go out of business before they deliver it, you are covered by your credit card and will get your money back in full.

But these are things you’re kinda supposed to know before you even think about asking Barclays or NatWest for a credit card. Not to judge or shade anyone but if there’s any doubt that you’ll be able to pay back what you owe at the end of the month (or spend more than you can realistically-afford to pay back), that’s on them, not the bank. There might be a hoist of tangible reasons (often is, especially where mental health’s concerned) but ultimately that Lidl bag lies with the person more than the bank. Ditto for wonga.com.

[Cherie]

Originally Posted by Redway

But these are things you’re kinda supposed to know before you even think about asking Barclays or NatWest for a credit card. Not to judge or shade anyone but if there’s any doubt that you’ll be able to pay back what you owe at the end of the month (or spend more than you can realistically-afford to pay back), that’s on them, not the bank. There might be a hoist of tangible reasons (often is, especially where mental health’s concerned) but ultimately that Lidl bag lies with the person more than the bank. Ditto for wonga.com.

well that is where the problem lies, there is a negative side to owning a credit card if you cant control spending or do not have the funds to pay it back each month, its how banks make some of their money unfortunately

[Redway]

Originally Posted by Cherie

well that is where the problem lies, there is a negative side to owning a credit card if you cant control spending or do not have the funds to pay it back each month, its how banks make some of their money unfortunately

I suppose but it’s not like people don’t know all this before they sign up for a credit card. When I was on the brink of getting my first one (I must’ve been about 19 or 20) they did a stringent credit score check on me and the bank told me exactly what the deal was with credit cards (not that I hadn’t done my homework already). I just feel like if you’re an adult with full capacity and have no liability to over-spend beyond your control you should sort of know what you’re getting yourself in for. Banks (of all corporations) don’t really need to hand out credit cards like wedding cake to rip people off. You just have to be careful.