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When is a long-term purchase on a credit card better than taking out a loan?

When is a long-term purchase on a credit card better than taking out a loan?-example-1

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While a credit card is usually better for short-term debt, a personal loan is often ideal for people who need more time to repay. Then again, which option is best for you may boil down to how much interest you'll pay, too.

User Swati Saoji
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Answer:

when the interest rate is 0% or lower than a loan.

Explanation:

When is a long-term purchase on a credit card better than taking out a loan?-example-1
User Tomas Ward
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