 TITLE: How to Choose Between a Personal Loan and a Credit Card CONTENT: When Does It Make More Sense to Get a Credit Card?\n--------------------------------------------------\nCredit cards are easy to use for small purchases and last-minute emergencies, like if you need some car urgent repairs but don't have enough cash to pay for them until your next paycheck. However, interest rates on credit cards are typically higher than those on personal loans, so carrying credit card debt can be expensive.\nA credit card might be a better option over a loan if:\n*   You want a way to finance smaller purchases or have a backup payment for emergencies.\n*   You know you can pay off your balance in full every month to avoid interest charges (or at least the majority of it to minimize interest payments).\n*   You can qualify for 0% APR promotional offers.\n*   You want to earn rewards for your spending (To maximize your rewards, use a rewards card to make purchases you'd have already made, then pay off your card balance before it accrues any interest). END