People today increasingly use credit cards to make monthly purchases. Do the advantages of this outweigh the disadvantages

Over the

last

couple of decades, we have familiarized ourselves with the use of advanced

payment

methods. Credits

cards

provide great convenience to the human race. Credits

cards

are widely used for our regular expenditures and we are heavily relying on them. In

this

essay, While

credit

cards

present certain drawbacks, I strongly believe that the advantages surpass the disadvantages of

this

payment

gateway. 

Firstly

, the cardinal advantage of

this

type of

payment

is that a person is no longer required to carry an excessive amount of cash when purchasing anything.

Consequently

,It's quite convenient and safe to simply put your bank card into your wallet and carry on with your shopping. 

Furthermore

, your cash flow may automatically be generated through either your telephone number or your account,

this

adds up a level of control over your expenditures.

For instance

, when an individual

finally

buys a home, he or she can't just pay with cash, because the amount of money is just quite monumental.

As a result

,

this

cashless

payment

is more beneficial.

Secondly

, another major merit of using

credit

cards

is that banks and other federal institutions can now have a much simpler auditing process on how the general population is spending.

Therefore

any nation could regulate its financial system

accordingly

and promote its economic.

In addition

, if a bank member wants to take a loan, the bank could have access to his credibility,

this

would help the banker decide whether to lend or not. People with a good

credit

record,

for example

, can easily get their mortgage when purchasing a new home. That being so, paying with new technologies can promote a more reliable economy. In conclusion,

although

there are some limitations to using

credit

cards

, I strongly believe that

credit

cards

are here to stay and revolutionize the way we buy things.