In many countries it is very easy to apply for and be given a credit card. However, this causes some people to have problems with debts they cannot pay back. Do you think the advantages of credit cards outweigh the disadvantages?
These days, applying for a
credit
card
is very straightforward. In fact, most people use their cards for most of their spending, especially online purchases. There are several risk factors to consider when getting finance; however
, I believe the advantages outweigh any possible risks. This
essay outlines how the advantages of having a credit
card
outweigh the disadvantages.
Firstly
, there are some things people must be wary of when using a card
to borrow money. While
it is tempting to spend large amounts on frivolous items, one
must remember that the money must be paid back on time, or the interest rates will cost a fortune. For example
, one
might spend several thousand dollars on a new phone or computer, but interest rates can add hundreds more to the bill over time. Whatsmore
, some finance companies charge unscrupulous fees and interest rates, which trap unsuspecting victims into debt traps. Correct your spelling
What's more
This
can even lead to bankruptcy. Another thing to consider is the potential for theft, scams and fraud. For
this
reason, one
's card
and details must be kept safe and secure at all times!
While
such
perils must be considered, there are also
many benefits to having a credit
card
. For instance
, one
can easily make online purchases from sellers worldwide, and when you are shopping in the real world, you can simply tap and go. Additionally
, you can use your card
to pay for emergency expenses and pay them off in future. Whatsmore
, most major lending companies have insurance to protect you from scammers and fraud. So Correct your spelling
What's more
while
there are many risks, these benefits certainly make life much easier.
In conclusion, though the risks are rather dire, they can be mitigated with some budgeting skills and financial education. Undeniably, the advantages we gain from having access to credit
facilities outweigh the disadvantages, so with a little foresight and education, we can all enjoy the convenience minus the risk.Submitted by Oakes_amy on
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task response
Task Response: The essay provides a clear opinion on the topic and discusses both advantages and disadvantages of credit cards. However, the introduction could be stronger and the conclusion could be more impactful.
coherence and cohesion
Coherence and Cohesion: The essay demonstrates a logical structure and presents supported main points. However, the introduction and conclusion could be more cohesive by clearly signaling the main ideas and summarizing the key points.