People today increasingly use credit cards to make monthly purchases. Do the advantages of this outweigh the disadvantages?
Over the past few decades, we have familiarized ourselves with the use of
credit
facilities offered by various financial institutions. Advance Use synonyms
payment
methods Use synonyms
such
as Linking Words
credit
cards provide Use synonyms
great
convenience in our daily life. While some Add an article
a great
people
argue that these facilities have certain drawbacks, I strongly believe that the merits surpass the demerits of using Use synonyms
this
Linking Words
payment
method.
Use synonyms
To begin
with, the main advantage of using Linking Words
credit
Use synonyms
payment
is that one no longer needs to carry an excessive amount of cash to purchase anything. The technology used by financial institutions for Use synonyms
such
services has made it Linking Words
more
secure and safer way to process our transactions. Cashless transaction is very beneficial for the nation as it lowers the rate for any chance of corruption. Correct article usage
a more
For example
, All transactions by card can be monitored by the authorities which enables them to avoid tax fraud, Linking Words
On the other hand
, cash Linking Words
payment
is difficult to trace.
Use synonyms
Furthermore
, another major advantage of using Linking Words
this
service is that it provides loans to Linking Words
people
who can invest Use synonyms
for
the future. It facilitates the middle-class society with the affordability to buy a house or a car. With the property rates soaring high each year, it is extremely difficult to purchase a house based on savings. Change preposition
in
For Instance
, In a city like Mumbai, the average price of a decent apartment is very high, Linking Words
credit
payments have enabled Use synonyms
people
to buy a house, whereas savings would require more than 20 years for the same. Use synonyms
Besides
Linking Words
this
, it provides a good source of funds for investment purposes.
In Conclusion, Though there are some disadvantages like overspending and liability burden. Linking Words
People
should use these services wisely and whenever necessary. Use synonyms
Hence
, Linking Words
i
completely agree that Change the capitalization
I
credit
facilities are greatly beneficial to humankind since it enables Use synonyms
people
to invest for higher returns as well as helps them to save some money for the future.Use synonyms
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