3 ms·
Carlos needs a credit card. If he's got a $5k checque in hand and needs to buy materials, depositing it in a proper checking account and using a credit card wo
by Pxtl 10y ago
Carlos needs a credit card. If he's got a $5k checque in hand and needs to buy materials, depositing it in a proper checking account and using a credit card would be far less fees, even if he has to pay transaction fees on that bank account when it comes time to pay off the card.
The downfall is when expenses come up that he can't pay on plastic if he's under his bank account's transaction-free level. Paying subcontractors, buying exotic or used materials and equipment, etc.
- mschuster91 10y agoIn Germany, one can't get a credit card without a good credit rating, and even then it's mostly the "pay in full after a month, or else" type. Carlos could not get a CC here, I'd guess.