Nowadays it is easy to apply for and be given a credit card. However, some people experience problems when they are not able to pay their debts back. Do the advantages of credit cards outweigh the disadvantages?

In the modern era,

while

many people recently changed their payment methods to using a

credit

card, some argue that it causes the issue of unaffordable payments for their debts. From my perspective,

instead

of some problems with the accumulation of debt, I believe that the advantages of

credit

cards significantly outweigh their disadvantages. The first advantage of

this

payment method is that cardholders can gain many benefits offered by

banks

,

such

as discount promotions and instalments with low interest. It can be explained by the fact that nowadays most

banks

try to encourage people to replace paying cash by using their

credit

cards, and

then

they give numerous appealing offers to compete with other

banks

to attract potential customers.

For instance

, the

bank

cooperates with popular restaurants and shopping malls to create an interesting discount for customers who use their

credit

cards to pay for their meals, goods, or services in those restaurants or stores. Another example is that they

also

provide an unrivalled instalment policy with very low, even 0%, interest rates in order to support clients affording high-priced items or services,

such

as mobile phones, cars, educational tuition, etc. Another point that can be potentially beneficial for people using

this

kind of payment is their fraud protection system. The prime reason for

this

is that

this

cashless option allows a person to use their

bank

's money for their payments in advance.

Thus

,

banks

are responsible for not only their customers' payments but

also

for their money.

For example

, when the system alerts that a customer has just been charged a considerable amount of money, a

bank

's staff will call

this

customer to confirm whether they did it or not.

Consequently

,

this

customer will be protected from fraudulent crimes, and the

bank

will avoid any

further

problems caused by fraudulent transactions. In conclusion, despite the several inconveniences of paying off an unexpected balance by misusing

this

non-cash method, I personally believe that their advantages like promotions and fraud protection are significantly beneficial if cardholders use them properly.