Credit Card : Advantages - Disadvantages of credit card
What is Credit Card ? Advantages and Disadvantages of Credit Card A credit card is a plastic card issued by a financial institution that allows the cardholder to make purchases on credit. When you use a credit card, you are essentially borrowing money from the card issuer with the agreement to repay it later, either in full or through monthly instalments. Credit cards are widely accepted by merchants and are used for various transactions, both in-person and online. Advantages of Credit Cards Convenience : Credit cards provide a convenient and widely accepted method of payment. You can use them for purchases at a wide range of merchants, both online and offline, making it easy to shop and make payments without carrying cash. Build Credit History : Responsible use of a credit card can help you build a positive credit history. By making timely payments and keeping your credit utilization ratio low (the amount of available credit you use...