Benefits of using a credit card:

(1) You don’t need to bring too much cash when traveling to other places, it is very convenient to use a credit card.

(2) You can advance money to buy things without paying immediately.

(3) If you need cash flow immediately, you can take your credit card to a bank or ATM to withdraw cash immediately.

(4) Annual fees are waived when you apply for a credit card, and you can get gifts or supermarket coupons.

(5) There is no need to pay back the money immediately and you can earn bank interest.

Disadvantages of using a credit card:

(1) It is troublesome to lose your credit card. You have to call the card center immediately to intercept the card, and you are afraid of someone stealing it.

(2) If you cannot pay back the money if you miss the budget, you will have to pay high interest.

(3) It is easy to misuse money without thinking, or even overspend.

(4) Most of the gifts after applying for the card are useless or perishable.

(5) If the number of cards exceeds the number of cards (that is, the money owed from this bank will be repaid by another bank repeatedly)

The amount owed is more The more accumulated you are, the more debt collection agencies will come to your door if you cannot pay back the money.

Summary: Credit cards are actually very convenient if you use them carefully. , is something within personal control. In fact, a credit card is an interest-free loan tool. As long as you pay it off on time, you must be responsible for it, otherwise it will increase your expenses.

Benefits

Cashless transactions: avoid fake banknotes, no need to carry large amounts of cash through the streets, transactions without borders, convenient and fast transactions, no need to count banknotes, and consumption records.

Flexible allocation of funds: late payment, reserve money (can be used as a cash advance without any approval when not needed), and some can even use online payment to cash out the credit limit without paying any interest.

Save money: cash rebates, points can be exchanged for gifts or cash coupons, and there are discounts or discounts on consumption.

Disadvantages

Accidental: It is more troublesome to lose the card and have to report it as lost and have it reissued. You may lose money due to theft.

Indiscriminate spending: increased unnecessary consumer spending, reduced savings, financial problems.

Number of credit cards: increased interest expenses, heavy debt, and lowered credit rating. , I personally think that credit cards are a good tool for those who are disciplined and determined; similarly, they are a nightmare for those who are not determined enough to launder future money.

Benefits :-

1. There are several installments, so don’t pay immediately.

2. You can exchange points for gifts.

3. You don’t need to bring cash when you go out of town. Relatively safe.

4. Sometimes there are discounts when going to restaurants during promotions

Disadvantages:-

1. It is easy to wash your feet without wiping them. , you have to ask someone to borrow it when you pay back the money; if it is more than the interest, it is a bigger thing,

2. Because you don’t need to pay cash immediately, you will have an impulse to buy, but you may find that in the end it is I don’t want to buy it.

3. If it is stolen and you don’t report it missing, you will have to bear some responsibility.