Whats the main reason people use credit cards?

Weybridge78

Initially was to build a credit rating. I then took out more long 0% cards to help pay my dad's overdue income tax to HMRC. Now I use my £0 annual fee Amex card purely for earning Membership Rewards which I will convert to Skywards miles.

Morrell_2

Our credit card has been used for mixed reasons over the last couple of years . It's there for an emergency just in case .

We paid it straight off each month but recently we used it to decorate our bedroom .

I have few other bills from shops Next bensons for beds very and I have been considering paying those off with the credit card then I know they are out of the way and then it's just one bill to think about ?

Does anyone know is this worth doing ?

[Deleted User]

Which is the cheapest option?

glider3560

Morrell wrote: »

Our credit card has been used for mixed reasons over the last couple of years . It's there for an emergency just in case .

We paid it straight off each month but recently we used it to decorate our bedroom .

I have few other bills from shops Next bensons for beds very and I have been considering paying those off with the credit card then I know they are out of the way and then it's just one bill to think about ?

Does anyone know is this worth doing ?

What's the interest rate and payment terms on those bills? What's the interest rate on the credit card?

Robisere

I use mine for purchases I may not be able to pay from the current account/debit card, without lowering the interest-earning amount in the current account. Anything over the interest-earning amount, is transferred to savings.

I pay off our card before due date every time. The card earns me cash back which I transfer to a Savings accout every month.

LeadFarmer

I use my credit card for any purchase where I might want consumer protection at a later date. I also find it a useful way of buying something I need but haven't got the cash to buy, until next pay day. But I always pay off the bill in time, and so never pay any interest.

tastyhog

copperclock wrote: »

I like having all my spending in one 'place', taken out of my bank account in one lump each month, rather than many individual transactions. We currently use a chargecard (Amex gold) for this. That was chosen for the Avios.

We've also just heaped £5,500 on a 0% interest card. This is our first debt since we became debt free two and a half years ago. The money was spent on redecorating our bedroom and a new bed. We would have saved up but we wanted to bring the purchase forward and a credit card allowed us to do this.

did you gold plate the walls and raise your own silkworms to make bed sheets :eek:

Novice_investor101

Initially got mine as a way to build a credit history & for buying stuff on the internet. Always paid off in full.
Now I've got two, the original & a 0% card. I keep them for any large purchases & the associated protection & also if I have a minor emergency like needing a new washer I can pay it off by tightening my belt over a couple of months rather than dipping into savings.

Fingerbobs

1. Cashback
2. Convenience
3. S75 Protection

No credit card has ever cost me money, but they've given me plenty of money over the years.

I'm not sure what a "savings card" is?

Deadbeat

My credit card doesn't cost me anythng - it makes me money.

And what's a 'savings card'?