Today credit cards are easy to get in many countries, but some people who use them struggle to pay their debt. Do the advantages outweigh the disadvantages?

These days,

credit

card

, which is generally considered to be convenient to get almost all over the world, leads to some complications among individuals because of paying the debt.

Although

there are certain benefits associated with the usage of

credit

card

, the disadvantages seem to outweigh the advantages in

this

case. To initiate the advantages of having a

credit

card

. The

first

and foremost is the withdrawal of

money

in emergency cases. To explain, when a person does not have enough cash or saving to cover any cost, they can withdraw a large amount of

money

because the amount can be paid laterally in the limited

time

period

that is

not possible while using a debit

card

. To cite an example, the major emergencies

such

as buying car or house, as well as taking health treatment, doing occasional shopping, and travelling, which is generally considered to have high spending of

money

, can be deal while paying through

credit

card

. Despite the benefits, using a

credit

card

has drawbacks too. The primary one is a high-interest rate. To elaborate, if a person withdraws a large amount of

money

and do not return the

money

on

time

, they can have to pay a heavy interest because the returning

money

to the bank is must on fixed

time

for a candidate who is using a

credit

a

card

.

For instance

, the /a person who has withdrawn

money

through a

credit

card

first

of the January and the returning

time

is

first

February, but he has forgotten to payback has to give interest to the /a bank. In conclusion,

although

using a

credit

card

can be helpful for withdrawing

money

during the emergence, it seems to be more disadvantageous because of heavy rates in terms of interest.