credit cards

i am going to chat about credit cards there are many things to say about it but first, what is a credit card according to Investopedia A credit card is a card issued by a financial company which enables the cardholder to borrow funds. The funds may be used as payment for goods and services. Issuance of credit cards has the condition that the cardholder will pay back the original, borrowed amount plus any additional agreed-upon charges and to balance.com  A credit card is a card that allows you to borrow money against a line of credit, otherwise known as the card’s credit limit. You use the card to make basic transactions, which are then reflected on your bill.

the basic knowledge of the common people and to my understanding of its interpretation and  according to the two sites that it is a tool that can make you buy things for now and pay it later it is seen in different show that a simple swipe all those payments goes away but what they don't show you is the paying part of it most people forgetting that credit cards are one way that banks make sums of money thru interest sure there are some promos the 0% interest rate but there are hidden fees under those that still make the bank earn so money and now a tool that has been used in comfort is now somehow a trap it is most likely the holders fault by forgetting the basic principles of a credit cards.

You might be thinking now that credit cards are bad but no I am not saying that like money , credit cards are just  tools to be used it all depends on the holder of it so people that own it must study it before using it to my experience and recommendation it should only be used for emergencies and to be sure that you have a money set aside for the expected bill to come and spend on what you can afford.

thank you for reading and have a great day