HELLO HIVE

My #earn,spend,give weekly prompt post .

The festive season of Christmas is just around the corner and few weeks from now we will be enjoying the atmosphere and the joy of Christmas, globally many changes are already going on with so many streets undergoing serious revamp and many decorations all over the place . Families are doing their best to have the most beautiful Christmas and lots of companies are offering discounts on their goods and services just to make this season fun for everyone.

While all this is going on there is a focal point in all this a part from the joy and celebration which is the money spent during this season,lots of families go out of their means to make things work and some take credits to meet up with the plans that they have for the season.

This is where the use of credit in most country will come in to fill up for this much needed finance at that point in time .

You can easily pay for goods and services with merchants that accepts card payments as long as you are a card owner ,these cards are issued by banks or financial institutions and they allow card holders to borrow funds to make transactions.

Are these cards commonly used ?

I don't know about the situation in other countries but in Nigeria it is not commonly used and I have never seen one myself but I can understand that it should be difficult for banks or financial institutions to issue one here because of the risk of lost that they might encounter, our database is not strong enough to keep information about credit card users . You can only get credit cards in banks but overall there are very few people using it, they use more of debit card.

Do they offer nice incentives to sign up?

The incentives are okay from some people's point of view I don't make use of credit card but from the people who do they say it is good.

Incentives are very important cause they most time drag our attentions to things we would not have given a thought to if it was under any other circumstances.

Do they offer useful insurance ?

They do but it is far from good enough. We have to take our time and think things like this through because it can sometimes get messy all of a sudden because some don't borrow with the intention of paying back.

Do I you them or see them as risk ?

That's are definite no for now but maybe my stance may change if I have more exposure to it but the risk is also scary because the level of job security here is low ,today you have a good job and tomorrow the job is gone so how do I pay for the money that was borrowed.

These are just my take on this and I know there are contrary opinions due to the way things are in different countries. @terganftp