Pros

• Credit card at times can be the most convenient way to do a lot of things.

• Credit card can be most useful when one is cashless!

• Credit card if lost can be easily blocked.

• It helps in easy cashless shopping. People can buy many things which they can’t afford in cash.

• Credit card allows people to make online payments and shopping.

• Credit card is the best for people who travel frequently and can’t carry much cash. They are accepted world wide.

• No hassle of exchanging currency notes.

Cons

• After all it’s “Credit”!

• Many a times people in excitement tend to misuse the card. This leads to huge credit card bills.

• The finance charges and late fee charges of credit card is high.

• If misused, they can spoil credit history of an individual.

• For youngsters especially, credit card is the last thing to posses.

• They can be a little dangerous to use online unless there is SSL (secured layer).

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