Nowadays, a lot of people use credit cards for online shopping. Do the advantages outweigh the disadvantages?

Due to rising competition in the banking sector , more and more banks are providing

credit

cards

with good

credit

limits.

Use

Correct article usage

The use

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of

credit

cards

is increased in recent days for online shopping. There are

few

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a few

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disadvantages of using

credit

cards

but have more advantages which will be elaborated

in

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on in

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upcoming paragraphs. The

first

and most good part is , Fewer chances of online fraud because the amount is not deducted immediately,

first

it is put on hold for 24 hours and

then

billed.

For example

, if someone did any kind of illegal purchase and a notification is sent to the user

then

he can immediately cancel the transaction and block the

card

.

Secondly

,

Credit

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a Credit

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card

helps in building the

credit

score

for example

, if a user is paying on time bill .which can help them in future for loan processing

such

as car loans or home loans. In some countries like Canada or US for renting a house as well individuals need a good

credit

score.

Additionally

, payment for online shopping is easy and most websites give rewards

on

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for

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online purchasing.

As a result

, many people are using

credit

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a credit

the credit

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card

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cards

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for online as well as in-store purchasing.

On the other hand

, there are

few

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a few

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drawbacks as well ,

First

and foremost people tend to buy unnecessary things to collect rewards points or things which they do not need at all.

for example

, If ABC bank

credit

card

is giving

20

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a 20

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% discount on global clothing brands

then

human

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the human

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tendency is to buy clothes which they are not going to wear at all.

Secondly

,

Interest

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the Interest

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rate is great on

credit

card

bill payments if someone is doing minimum payments every month and accumulating more amounts in

credit

card

bills it is definitely going to crash their pocket in future. To sum up, without any doubt, using

credit

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a credit

the credit

show examples

card

Fix the agreement mistake

cards

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for online shopping has drawbacks but its positive side cannot be neglected.

Therefore

, most people use

credit

cards

in fact multiple

credit

cards

according to offers or rewards points.