pros: • Current use of goods and services
• Permits purchase even when funds are low
• A cushion for emergencies
• Easier to return Merch
• Convenient when shopping
• Provides record of expenses
• One Monthly payment
• Safer
• Car rentals and Hotel reservations
cons: • Temptation to overspend
• Can create long term financial problems
• Potential loss of merch
• Ties up future income