How to Buy Bitcoin With a Credit Card — Bitcoin Magazine — Bitcoin Magazine

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Introduction

Sur­pris­ing­ly, the first time the term “cred­it card” was used to describe a card for spend­ing was back in 1887, men­tioned sev­er­al times in the utopi­an sci­ence fic­tion nov­el “Look­ing Back­ward” by Edward Bellamy. 

Although, in the begin­ning, the con­cept was slight­ly dif­fer­ent from today’s and did not include debt in terms of bor­row­ing mon­ey from author­i­ties, cred­it cards have been around for near­ly 150 years and won’t go away easily. 

Peo­ple use it for con­ve­nience but often go beyond their means, buy­ing goods and ser­vices they could not afford with­out falling into debt. Over the long term, those who don’t have good mon­ey man­age­ment skills could get into finan­cial trou­ble if they don’t repay their debts in time, as inter­est rates can be excessive.

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