LogFAQs > #886139751

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Topic	Great Freakonomics episodes on the basics of personal finance and investing
That_Happened 09/06/17 4:18:15 PM #47:	Bolle_Henk_ posted... Why have a credit card at all? Can't you just use a debit card? Credit cards are (one of the many things) used to establish good credit, so you can buy larger items that you would pay in monthly payments, like a house, a car, etc. If you can prove you're responsible and can keep up with payments, businesses will give you better deals and better rates when you buy those things. --- http://fusionanomaly.net/magnoliabutitdidhappen.jpg <cite>That_Happened posted [p:886139751] in Great Frea... [t:75745168]...</cite> <quote><cite>Bolle_Henk_ posted...</cite> <quote>Why have a credit card at all? Can't you just use a debit card?</quote> Credit cards are (one of the many things) used to establish good credit, so you can buy larger items that you would pay in monthly payments, like a house, a car, etc. If you can prove you're responsible and can keep up with payments, businesses will give you better deals and better rates when you buy those things. --- http://fusionanomaly.net/magnoliabutitdidhappen.jpg</quote> ... Copied to Clipboard!
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