Using a credit card
Question
I have some money invested that are easily redeemable and have a credit card as well. When I become cash strapped I resort to the Credit card due to ease of access and I always try to pay up the debt on the credit card within 55 days as before this no interest is charged, however, buying/relying on this facility makes me feel impoverished and fearful of consuming things that I can pay for later. I am fearful. What do you advise me to do? Use the credit card and ensure that I always pay for the debt within the non-interest period or rather use off my saved money?
Answer
It is safer that you use the money that you have saved.
And Allah Ta'ala (الله تعالى) knows best.
- Answered by
- Mufti Ebrahim Salejee (Isipingo Beach)
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