People today are increasingly use credit card to make monthly purchase. Do the advantages outweigh the disadvantages?

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In today's world,
the
Correct article usage
apply
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money
Use synonyms
is
being
Unnecessary verb
apply
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converted from cash notes to digital currency, respectively, plastic
cards
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.
This
Linking Words
type of funds
are
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is
show examples
often used in the form of
credit
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from the bank that needs to
paid
Add a missing verb
be paid
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on a certain bill date,
nonetheless
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if
date
Add an article
the date
a date
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is missed, it could lead to many problems. Having said that
credit
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card
Fix the agreement mistake
cards
show examples
do provide certain convenience, rewards and cheap currency exchange.
Therefore
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, the benefits are more in comparison to the drawbacks.
Firstly
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,
one
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of the major
advantage
Change to a plural noun
advantages
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of plastic
money
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is that it provides convenience to use for the reason that
risk
Correct article usage
the risk
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of theft or losing bills is
to
Change preposition
at
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the minimum. Nowadays, many banks provide
with
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apply
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the
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apply
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higher
credit
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limits which
allows
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allow
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user
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users
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to spend worry-free and if in case it gets lost or stolen,
cards
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could be blocked
by
Change preposition
with
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one
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click.
Moreover
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, the rewards like 5 per cent
cash back
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cashback
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or discounts
attracts
Correct subject-verb agreement
attract
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more people to use it frequently.
As a consequence
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, humans trust it and save
money
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by paying through
the
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apply
show examples
cards
Use synonyms
rather than keeping cash with them all the time.
Secondly
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, with the usage of
such
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payment
method
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methods
show examples
, individuals are able to build their
credit
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scores which in future enables them to get 0 per cent financing. Certainly, these scores play a key role in buying things like
house
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houses
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,
car
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cars
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, mobile phones etc. as all
the
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apply
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mortgage
company
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companies
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consider it in
first
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the first
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place.
For example
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, the loan to buy a home
of
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apply
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worth 1 million will not be approved if
one
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has low
borrow
Replace the word
borrowing
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ratings and if it is highest,
one
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might get financing with no interest rate.
Subsequently
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, the entire payment cycle is tied to
one
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single card in contemplation to buy greater things in life, human has to depend on it. Howbeit, on the downside, it is easy to overspend since
money
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is not going through
pocket
Add an article
the pocket
show examples
.
One
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might get into
pitfall
Correct article usage
a pitfall
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of
debts
Fix the agreement mistake
debt
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,
Remove the comma
apply
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if the
credit
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bills are paid in full.
Also
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, if any monthly payment is missed, it might damage the
credit
Use synonyms
score. Altogether, it is a source of business
to
Change preposition
for
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banks. In conclusion, even though there are some limitations of
credit
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payments like debts and low scores, the pros are considerably greater as it is convenient to pay with the
cards
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and
risk
Correct article usage
the risk
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involved is very low.
Submitted by ramanpreetkaursetia on

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