The general consensus is that credit cards are a convenient way to make everyday purchases, as credit card companies are often willing to offer lower interest rates than most other forms of financial loans. However, it is important to remember that credit card companies are able to extend credit based on your credit score, which means that if you have a low credit score, your credit card company may be more likely to deny your request for a loan in the future. In addition, it is important to keep in mind that credit card companies can charge high interest rates and fees if you don’t pay your balance off in full each month.