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1 December, 20:24

When is a long-term purchase on a credit card better than taking out a loan?

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Answers (2)
  1. 1 December, 21:35
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    When you know you can pay it back ...
  2. 1 December, 22:15
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    It would be better to use the credit card when the loan would have a higher interest rate than the credit card. For example, a payday money store loan has an interest rate of over 100%. Even a high-interest credit card of 24% would be a better payoff rate than the loan.
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