Credit Card Question & Answer
Advertising Disclosure is an independent, advertising-supported web site. receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.
Credit Card Applications » Questions » User Questions » Other » My dad always told me never to buy anything on credit if I could use cash. Is he right? What is the ...

My dad always told me never to buy anything on credit if I could use cash. Is he right? What is the advantage of using a credit card instead of cash for a big purchase?

Answered by , at
Add to Favorites:

Tags: , ,

Leo Zhu

There’s a school of thought that says buying things on credit isn’t the best idea. However, that’s mostly a very old school of thought! Your grandfather probably told your dad that, and his grandfather told it to him. The truth is, credit cards are a fantastic financial tool. For example, if you’re buying something sparkly at K Jewelers, you can actually get rewarded for spending all that money. When you use a credit card, you can get cash back, frequent flyer miles, points, and more. You also may get purchase protection, price guarantees, and other perks, depending on the specific benefits that your particular credit card offers. As long as you pay off your purchase within the agreed-upon time and according to the terms and conditions of your card, using a credit card is a great idea, and one that you could probably even win your dad over to.

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Get 0% Intro APR on Balance Transfers and Purchases for 21 months. After that, the APR will be 12.24%-22.24% based upon your creditworthiness.
For Excellent/Good Credit
1% cash back on select purchases, terms apply
For Fair Credit
Guaranteed $500 Unsecured Credit Limit
For Bad Credit

Other Questions in