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

Financial freedom has always been
a the
Choose an article
a
the
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prime concern of people. People need a better life. So they take loans and build their
deeam
Correct your spelling
dream
true. Most of them are using
the
Correct article usage
apply
show examples
Credit
Card
to meet monthly
expense
Fix the agreement mistake
expenses
show examples
. It is more popular and very convenient in the modern era. So I argue, it has more advantages rather than disadvantages. There are enoroumous cosative factors for my arguement. On
one
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the one
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hand, there are many
benifits
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benefits
on
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of
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using
Credit
Cards
on
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for
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purchase
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purchases
show examples
.
Firstly
, it provides cashless
transaction
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transactions
show examples
and
convieniance
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convenience
for the users, without paying any
aditional
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additional
charges.
However
, most
of
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apply
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banks provide cashback offers and additional discounts to those who use the
cards
.
For example
, the users are getting additional points using the Fuel
Card
and they can redeem the points and fill the petrol.
Moreover
, E-commerce
platfoms
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platforms
like
amazone
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Amazon
give
aditional
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additional
discounts
upto
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up to
10
percentage
Replace the word
per cent
show examples
.
Finally
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Finally,
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customers get more than a month
for
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apply
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repay to the
Credit
Card
.
Credit
scores are increased when we use and make proper
repayment
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repayments
show examples
.
On the other hand
, It has some
drawback
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drawbacks
show examples
.
Initially
, most of the banks charge a yearly maintenance fee on
cards
. It may
a
Add a missing verb
be a
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burden for
un used
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unused
show examples
customers.
Secondly
, some shops are not accepting
cards
because of the swiping machine
coast
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cost
show examples
and charges. To recapitulate,
Card
payment is becoming
popular
Correct quantifier usage
more popular
show examples
than other traditional methods. Because
,
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apply
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people are more convinced with
cards
. And they get
aditional
Correct your spelling
additional
discounts and
point
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points
show examples
rather than others.
However
, when a user
dues
Correct your spelling
does
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his or her repayment,
bank
Add an article
the bank
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will charge a huge interest on their transaction. In my opinion,
Credit
Cards
are
usefull
Correct your spelling
useful
.
Submitted by shahinka.687 on

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