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

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Nowadays, the number of
people
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who use
credit
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cards
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to buy products rises a lot. It is usual to observe that almost every adult has at least one
credit
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card. There are several pros and cons
of
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to
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using
credit
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cards
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.
First
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of all, with
credit
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cards
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,
people
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can buy many goods that they desire.
This
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means that they can borrow some money to pay for the stuff
first
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and pay the bill in the future.
Moreover
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, since most of the
cards
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have
bonus
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a bonus
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feedback system,
people
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can acquire
2
Correct article usage
a 2
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% of
bonus
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the bonus
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from the bank.
However
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, some
people
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may not aware of the period to pay the bill. Under
this
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circumstance, they would be punished by the bank and need to pay more
next
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month with
19
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a 19
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% interest rate. As long as
ones
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one
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indulge in
this
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routine, it is hard for
people
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to get out of
this
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high interest
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high-interest
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rate and would create more debt in the future.
In addition
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, because the inflation rate keeps increasing, the value of
same
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the same
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fiet
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fiat
feet
money will become less in the future.
Therefore
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, buying products with
credit
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cards
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actually is a wise shopping method. For me, the value of 100 dollars now is more valuable than the value of 100 dollars after one month.
However
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, there is an
exception
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exceptional
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country, Japan. Japan is the only
coutry
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country
in the world that always suffering deflation, so I recommend that
Japanese
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the Japanese
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should shop
by
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in
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cash.
Last
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but not least,
in
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apply
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many countries, they use the
credit
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point system to calculate citizens'
credit
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and banks would issue loans according to customers'
credit
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points. Specifically, owning a
credit
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card can add
credit
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points to
people
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. Undoubtedly, we all need
credit
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points to help lower our loans. To sum up,
although
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there are several downwards of having
credit
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cards
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, I think the merits outweigh the demerits. Without owning them, we would lose many things.
Submitted by vivian.88610 on

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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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
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