For most Filipinos who are used to paying cash and think of credit card as a mere plastic card that is used to open locked doors in the old movies, then this article is not meant for you. No offense meant, but this is for those who have cash and the luxury of credit card.

1. To Cash or To Credit Card?
That is the Question!

2. For most Filipinos who are used to paying cash and think of
credit card as a mere plastic card that is used to open
locked doors in the old movies, then this article is not
meant for you. No offense meant, but this is for those who
have cash and the luxury of credit card. Except otherwise if
you have a plan to get a hold of a credit card in the near
future, then feel free to read on.

3. About three years ago my brother gave me a supplementary
credit card from HSBC. I know a few things about credit
card back then but never had one before and so I was
excited and happy that my brother gave me that credit
card. But I never really had the chance to use it and the
main reason is my brother told me to use it in case of
emergency only! The other reason is I am use to paying
cash and I see no reason why I should pay using my credit
card.

4. My brother and sisters have credit cards and they often use it
to buy groceries, appliances, electronic items and even pay
their utilities, even before payday or even without savings!
That’s one great thing about credit card. As they say, it is
good as cash!
Also I always hear complaints about interest. Now that is one
issue about credit card if you fail to pay on time or pay less
than the minimum payment required, you will see a late
payment fee on your bill and it will keep on accumulating
until you pay the full amount.

5. DOWNSIDE of CASH
Cash is cash. You carry it to buy things or pay utilities.
Security wise, not guaranteed unless you will ride in an
armor car and carry half a dozen security guards. Unless
you have a lot of saving or hit the jackpot in the lottery, you
cannot buy appliances or other electronic items in full cash.
UPSIDE of CASH
You spend less when you use cash because you’ll see your
money leaving your wallet. You will not buy anything
beyond your needs because you don’t have cash.

6. DOWNSIDE of CREDIT CARD
You tend to spend more because you don’t see any money
leaving your wallet. If you don’t keep tab of your due dates
you’ll be getting a lot of feebees. The word is not
misspelled it means additional FEES!

7. UPSIDE of CREDIT CARD
Credit card is as good as cash but you pay on credit. Security
wise guaranteed (unless your credit card details is stolen
by hackers) stolen credit card can only cost PHP 300 for
replacement. Cheap! You get rewards, freebies, discounts
and a free pen or notepad. If you pay on time the full
amount due, then you get zero interest which means you
got cash to pay for your credit and have a good memory.

8. So to the question to cash or to card, this depends on your
individual circumstances. Before picking either one you
should evaluate both options and see which one that fits you
the best.
Read more articles by clicking the following link: Credit card
http://www.compareking.ph/credit-cards/cash-credit-card-qu