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3 votes
What are the advantages and disadvantages of using a credit card?

asked
User Kalianey
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8.6k points

2 Answers

6 votes
Advantages:
- you can pay for things in the moment
-you can pay later
- convenience
-record keeping

Disadvantages:
-you could over use it
- unexpected fees
- deepening your debt
-you could end up paying more for something than the original price because of interest
answered
User Dmitry Pavliv
by
8.6k points
6 votes
Some advantages are not having to bring cash with you, andyou can keep it in one place. A couple of disadvantages are having the constant threat of account fraud of you're not careful, and you can easily overspend on a credit card.

Hope this helps ~
answered
User Adam Chetnik
by
7.8k points

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