Post
Topic
Board Trading Discussion
Re: Buy bitcoin with credit card
by
Linkkoin
on 15/01/2020, 12:14:19 UTC

Sometimes if you have to pay only the interest for using credit card to make a purchase of bitcoins can be profitable if there are no hidden charges as credit cards will charge you a fixed amount of interest which you can easily cover by trading with those bitcoins in a certain amount of time.

You have to be a pro-trader actually to cover up that amount of interest and start having you own profits on it. Credit card purchases can be beneficial as they might charge you on a yearly basis and might be their interest rate varies from 10% to 30% which is not that excess and we could manage to earn that amount of interest in 2 to 3 months of time so we can easily pay off that debts and for the rest of the months we could have profits for ourselves.

This is why it is always better to have a debit card.