The advantages are: more convenient and early consumption. The disadvantages are: it is easy to be stolen and overdue, which affects your credit.

The specific content is as follows:

The advantage is: cardholders can obtain goods and services without paying cash, eliminating the inconvenience and risk of consumers carrying large amounts of cash, and making consumption more convenient People go out for shopping, business trips and tourism.

Banks can use this as a means to gain deposits from merchants and credit card holders, and charge a certain percentage of commission based on the total amount of advance payments.

Credit cards closely connect card-issuing banks, cardholders, special merchants, and agency banks, forming a recurring chain of creditor-debt relationships, and the establishment and development of this relationship all depend on each other. credit provided.

The disadvantage is: the credit card is lost and stolen, because many credit cards can be used for transactions without password verification. Once lost, there is a possibility of malicious overdraft and fraud.

Overdue payment and interest will be paid to the bank.