Deep, deep dive
The pros of getting a credit card
- It allows you to spread out payments for large purchases
- A credit card allows you to make a purchase while waiting for your salary to come in
- If you pay off your credit card debt each month, you essentially get a 1-month loan that is interest free
- Getting a credit card and paying it off regularly will give you a good credit score, which will be useful for future loan applications (e.g. home loans)
⚠ Always remember: When you buy items using a credit card, it doesn’t mean that you don’t need to pay for it, it just means that you’ll pay later!