Credit Card Applications Versus Traditional Loans

Credit card applications or traditional loans? Many people nowadays who have made up their minds to get involved into any form of credit are literally torn between getting a credit card or taking a loan. Their doubts are justified because each form of lending money has its upsides and downsides. Nevertheless, they coexist perfectly, giving their customers specific advantages and drawbacks. Why do some prefer a traditional loan with its fixed limit and a steady interest rate and others chose a credit card with zero APR and various credit card rewards? Let’s look at this in more detail. First of all we will try to answer the question what sort of people would chose to take a loan. I believe these are people who stick to tradition, who believe in good, old ways. They View the rest of this article