loading...
What are the Pros and Cons of Using a Credit Card to Buy a Car?

What are the Pros and Cons of Using a Credit Card to Buy a Car?

Pros of Using a Credit Card to Purchase a car
The following are various pros of using a credit card to buy a car:
No car loan pre-approval is required
Earn major rewards points
0% interest introductory offers make repayments easier
Car not used as security on loan

Cons of Using a Credit Card to Purchase a car
The following are various cons of using a credit card to buy a car:
Serious risk of debt
Interest rate surcharges
Maxing credit card hurts credit score
Budgeting and cash flow issues


Leave a Reply

Your email address will not be published. Required fields are marked *