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

Over the

last

couple of decades , we have familiarized ourselves with the use of advanced

payment

methods.

Credit

cards

provide great convenience to the human race . They are widely used for our regular expenditures and we are heavily relying on them . In

this

essay ,

credit

checks present certain drawbacks . I strongly believe that the advantages surpass the disadvantages of

this

payment

gateway.

First

and foremost, the cardinal advantage of

this

type of

payment

is that a person is no longer required to carry an excessive amount of cash when purchasing anything .

Consequently

, itʼs quite convenient and safe to simply put your bank card into your wallet and carry on with your shopping .

Furthermore

, your cash flow may automatically be generated through either your telephone number or your account ,

this

adds up to a level of control over your expenditures.

For instance

, when an individual

finally

buys a car, he or she can not just pay with cash, because the amount of money is just quite monumental .

As a result

,

this

cashless

payment

is more beneficial .

Secondly

, another major merit of using

credit

cards

is that banks and other federal institutions can now have a much simpler auditing process on how the general population is spending .

Therefore

, any nation could regulate its financial system

accordingly

and promote its economy.

In addition

, if a bank member wants to take a loan ,the bank could have access to her credibility .

This

would help the banker decide whether to lend or not . By way of my conclusion,

although

there are some limitations to using

credit

cards

. I strongly believe that

credit

cards

are here to stay and revolutionize the way we buy things .