Advantages and disadvantages of credit cards

Source credit card is automatically advanced when used, the products are purchased without payment retained. Credit cards are widely used credit for restaurants, hotels, e-mail, online shopping, gas stations, grocery stores, medical and dental treatment, church bazaar, and the phone and TV-advertised products. There are many pros and cons of using credit cards, but the consequences ofAbuse of tender and painful.

Benefits

Credit cards eliminate the need to carry large sums of cash with them

If you are away from home, have no money, you can often get a cash advance or able to buy traveler's checks with credit card

The places that resist personal checks are often the credit cards.

Law on credit card loans in the short term, if there is something that is a good deal and not the money or the balance is yourPayable to the account.

When you drag a new location, enter your credit card purchasing power, to establish itself as a good investment in a new community.

To insert an object or service costs $ 50 or more at high altitude Colorado (or within 100 miles from home) and then they discover they do not work or have other problems, you can maintain the payments by credit card if the company has sought to solve the problem with the dealer.

Often, the bestThe exchange rates when traveling abroad, if you check your credit card for purchases and ATM cards for cash. Use the card issuers in these supplements before you start driving. Another two or three per cent in May to eliminate this advantage.

Credit cards can be used to coordinate the gain for tax purposes.

Accounting is to reduce one monthly bill, compared to controls.

Disadvantages

Some people have been cheated their credit card numbers, for dishonest sellers on the phone.

This is a loan if the loan is due and not paid for this.

Adding the monthly interest is more for goods and services are paid.

Consumers often have more than one credit card, and each has a credit limit. When you add the credit limit for all cards for the total amount of thousands of dollars. Consumers can be used toTo pay> their credit rent.

The cards are easy to use the loan application if they offer a loan from a credit union, bank or other financial institution in May, means a lower interest rate.