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

Technology has made our life so easy that now we can lead our life without cash if we want. The invention of
credit
card
has opened many opportunities
along with
some negative impacts which is much lesser than their benefits. There are a lot of advantages to using
credit
cards. First of all,
this
is undoubtedly safer than carrying cash. Nowadays, pick-pocketing and looting is a very common
scenario
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scenarios
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in many countries, if
such
incidents happen, the victim will not lose a penny if he or she simply informs the customer care representative to stop the transaction.
Secondly
, grocery and clothing shopping is more convenient than ever, many brands are offering attractive discounts on
credit
card
purchases.
Thirdly
, the facility of visiting the airport lounge during travelling has added a premium level of happiness for
Correct your spelling
cardholders
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card
holders.
Last
but not least, the repayment scheme is very user-friendly. We can not deny that, there are some disadvantages of
credit
card
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cards
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also
. A very common human nature is buying new things, having a
credit
card
encourages
this
habit tremendously. A few features of
credit
cards are quite complex which is difficult to understand for common people,
as a result
, consumers sometimes have to pay extra as a penalty.
For example
, if a
card
user does not understand his billing cycle properly, he will be unable to repay timely and
hence
his bill will be increased like a horse running pace.
Moreover
, after 1 to 3 years later, the customer has to pay a yearly charge on
card
Add an article
the card
a card
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which is not a small amount usually. In conclusion,
although
credit
card
has some disadvantages, the positive sides or benefits are keeping them far ahead in the race. And these limited negative sides can
also
be overcome by simply knowing all the rules and regulations of the banks regarding
credit
cards.
Submitted by Md. Anwar Hossain on

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