When it comes to the almost age old question of whether you need a credit card or bank loan to pay for expensive purchase, there really is no straightforward answer.
It really comes down to a few key factors that effect the choice of whether to go either with a bank loan or credit card. One of those is cost. There are a number of fees –application fees and annual fees- and upfront costs to be considered to get the best-valued deal. For such large purchases, a bank loan is suitable as credit cards act as revolving credit whereby you are given a certain spending limit to work with. However, if you are looking to have continued access to credit; credit cards will work best for your needs. How you are looking to manage your repayments too should be considered. That’s the real question you need to answer.