Should I get a personal loan or a credit card?  What is the difference?  What is the better option? This is a subject of confusion for many people.  It is a bit like the difference between a direct debit and an automatic payments:   https://draft.blogger.com/blog/statspost/all_time/1922579775687278317/5890095679920893730   Until anyone explains to you the difference you have no way of knowing. Today I am going to explain the difference between credit cards and personal loans. When it comes to repayments there are a number of issues at play.   A personal loan has set payments for a set amount of time.  Payments remain the same (provided they are made ontime each month) regardless of if you are at the beginning or end of the loan.   A credit card has minimum payments that differ each month depending on interest rates, how much is owing in total and a number of other issues. Early repayments A personal loan...