Sunday, September 20

Tag: Credit card

10 Quick Advantages and Disadvantages of Credit Cards
Finance and Business

10 Quick Advantages and Disadvantages of Credit Cards

A credit card is something that allows you to use cash in advance to pay for goods or services. It is a plastic card which the user can issue from a bank. It helps you buy things on credit and you are liable to pay the amount later. A credit card comes with a credit limit, which is the total cash available to you, and an interest rate. Each time you make a payment, the amount gets deducted from the card. Given below are some of the advantages and disadvantages of credit cards. Credit cards have lots of benefits and few drawbacks as well. So let us now look into them. Advantages of Credit Cards:- The major advantages are listed here, Keep track of expenses Credit card statements are available on a monthly basis. It shows how much you have spent during the month. This helps keep a che...