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, the /a person who has withdrawn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.
Submitted by arah.kaka011 on

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