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

In the modern world, The

use

of

credit

cards is growing quite rapidly which was not the case in the earlier centuries. Many folks nowadays are using

this

for their monthly regular purchases. Even though it has some drawbacks

such

as high-interest rates and service charges, Its advantages outweigh the negatives.

For example

, The

credit

card

has a

point

redemption system that benefits the users

as well as

its monthly instalment system is a huge plus for people.

To begin

with, A

credit

card

has

point

based purchase scheme that can benefit customers in their future purchases.

For example

, If a user buys something with their

credit

card

, he gets some points for his purchase which he can utilize to buy gift cards or other products.

Additionally

,

This

allows users to buy their favourite items without using their money.

To conclude

,

This

gives consumers a huge advantage which is not available in a debit

card

.

Moreover

, Monthly instalment is another added advantage to consumers to buy high-value products in the long run.

For instance

, If a person wants to buy a car but does not have the full amount with him, he can still purchase it with a

credit

card

.

In addition

, It is a huge comfort for everyone, especially middle and lower-class people.

To sum up

, without the

credit

card

this

dream of buying expensive items would not have been possible.

Finally

, The strong

point

such

as the

point

system and monthly instalments are really a big reason for the public to

use

it for monthly shopping. Despite its negative points,

credit

card

has a lot more positive sides that encourage users to

use

them regularly.

However

, It is recommended that people should

use

a

credit

card

much more regularly to fully utilize all the privileges.