Why is it often a bad idea to buy luxury items on credit

Explanatination: Usally its a bad idea because the way credit works is while it doesnt take money directly out of your bank account that money gets put on a tab basically and you will eventually have to of that tab and if you cant thats when you go into debt because you owe the bank that money.

answer; 4% i believe this is correct;

answerdesire to continue with your exercise;