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

Nowadays, bank
cards
play an important role in maintaining the financial aspect of life. Due to
this
, the
use
of
visa
cards
has become popular among
people
to make their regular payments. In my opinion, it is extremely beneficial to
use
such
cards
, despite some of the drawbacks. There are several advantages of
Correct your spelling
owning
show examples
owing
Correct your spelling
owning
show examples
a
credit
card
.
Firstly
, these
cards
are user-friendly. ONE HAS TO JUST TAP THE
CARD
TO MAKE THE Local or even an international transaction. Not only
this
, but it is very convenient while making hefty purchases as one is not required to deal with counting cash.
Secondly
, using
visa
cards
ENABLES A
people
to
ACESS
Correct your spelling
ACCESS
show examples
the loans EFFORTLESSLY. The
card
owners who maintain a good economical record by PAYING ON TIME or other financial crimes can build high
credit
scores WHICH them to be qualified for lending money WITHOUT DOING OTHER FORMALITIES.
For example
, CIBC platinum
visa
provides car loans to their loyal customers if their
credit
score is
up-to
Correct your spelling
up to
show examples
750.
Moreover
,
people
can earn rewards
on
Change preposition
by
show examples
using their
credit
cards
. Most of the banks provide flexible redemption offers to their clients as they earn points for each of their spendings apart from their
credit
scores.
For instance
, Scotiabank scene
visa
facilitates WITH free movie tickets BY ADDITIONAL POINTS.
ON THE CONTRARY
, the major drawback is that
,
Remove the comma
apply
show examples
use
of these
cards
IS an expensive affair.
Card
issuers Charge
Correct article usage
a high
show examples
high interest
Add a hyphen
high-interest
show examples
rate
Fix the agreement mistake
rates
show examples
ALONG with the annual fee to continue the services of the
card
which becomes even more costly FOR THE USERS. EVIDENTLY, it can
as
Add a missing verb
be as
show examples
little as 99 dollars to as much as 1500 dollars depending on the choice of the
card
. So, it is not worthwhile for those who occasionally make
use
of
such
cards
. To conclude,
Although
most
of
Change preposition
apply
show examples
the
Correct article usage
apply
show examples
credit
cards
are high priced.
However
, I think that it has many other benefits which overshadow
this
disadvantage, as iT BUILDS financial reputation AND PROVIDE loans TO
PEOPLE
TO FULFILL their personal needs.
Submitted by on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

Topic Vocabulary:
  • Cashless transactions
  • Financial footprint
  • Interest rates
  • Credit score
  • Consumerism
  • Debt accumulation
  • Expenditure tracking
  • Fraudulent activities
  • Overspending
  • Purchase protection
  • Revolving credit
  • Creditworthiness
  • Impulse buying
  • Secured credit card
  • Unsecured credit card
  • Spending limit
What to do next:
Look at other essays: