Using a credit card

Submitted by user2 on Wed, 2018-10-31 06:44

Q: I have a credit card. When I become cash strapped I resort to the credit card due to ease of access and I always try to pay the debt on the credit card within 55 days as before this, there is no interest charged. However, buying/relying on this facility makes me feel impoverished and fearful of consuming things that I can pay for later. 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? It is permissable to use credit cards?

A: Yes.

And Allah Ta'ala (الله تعالى) knows best.

Answered by:

Mufti Ebrahim Salejee (Isipingo Beach)

Category:

Business and Dealings›Interest and Gambling›Bank benefits and Credit card reward programmes

Disclaimer: The answer hereby given is specifically based on the question asked and should be read together with the question asked. Muftionline.co.za bears no responsibility to any party who may or may not act on this answer. Muftionline.co.za being hereby exempted from loss or damage whatsoever caused. Should the question refer to a matter in dispute between two parties, this answer may not be used in the dispute in question by either party unless the question was jointly submitted by both parties with an acknowledgement by both parties that the question was correct and accurate. This answer may not be used as evidence in any court of Law without prior written consent from Muftionline.co.za.

This is the standard version of the site.