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by programmer_dude 1016 days ago
Withdrawing money from a credit card is taking on debt. Credit and debt are related concepts. Ask yourself this will you have to eventually pay interest on the borrowed money or not?

You can have other (non credit, say savings) bank accounts for security too. It's just as easy (or easier) as getting a credit card here (in India).
2 comments
pb7 1016 days ago
> Ask yourself this will you have to eventually pay interest on the borrowed money or not?

No, because after a month, there will be an automatic payment from my bank for the balance. In that time, the bank is giving me their money and they’re on the hook for any fraud.

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programmer_dude 1016 days ago
Why is the bank doing this for you? Out of the goodness of their hearts?
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kmlx 1016 days ago
> Withdrawing money from a credit card is taking on debt.

i understand where the confusion comes from. i use the term “credit card” generically for debit and credit cards. sorry for the confusion.

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