Next month my car registration is due, that is roughly $ 600. I am also in need of a new paid of glasses, they will cost around $ 250 and recently my camera broke (I do photography) and a replacement would be at least $ 1000.
I have applied for an unsecured personal loan via cash first, and was unsuccessful. At this time, the only place that I can get a loan is cash converters. And paying back a $ 2000 loan over 7 months can get kind of tight (I have done it before, repayments are about $ 90 a week).
Recently, a friend of mine applied for a credit card to pay off her car repairs, and she said it was much easier than getting a loan.
So the option of a credit card has come up!
I currently work 5-6 days a week, ranging from 30-45 hours a week. And I earn between $ 450 and $ 700 a week (it fluctuates, but is never lower than $ 400, ever)
Which option would be the best for me?
I’m not too sure about Credit Cards, because I know where they can go wrong. I’m also not clear on how the repayments work and such.
The card I have been recommended is this one;
I am a car owner, I am 20 years old and I currently rent a house. My weekly expenses are never more than $ 300 p/w.