Topic > Essay on Advantages and Disadvantages of Credit Cards

For a long time, people have had to carry and keep a lot of cash with them at all times. This wasn't a place to keep it handy. After the introduction of credit cards, it helped many people due to the many qualities it had. Credit cards are a great resource for people and are one of the great financial creations. Some people think that using credit cards is a disadvantage and is not a good idea. However, I think using credit cards is a good idea and beneficial for most people. These advantages include more benefits, a better way to structure money, and it is safer for people to use. One of the benefits of using credit cards is that they offer more benefits and features for people. Credit cards are very useful because it is much easier to carry them with you than to have cash. They are better to carry than cash because of the many benefits credit cards offer. Usually for every credit card user there are many packages and offers that the credit card company offers to its customers. Once people start using credit cards more often, they can earn frequent flyer miles based on how much they spend on the credit card. Another advantage of using credit cards is that as time goes by the company can offer different promotions or packages to people, who can get discounts on cars and other attractive products. These promotions are another way to also advertise the use of credit cards since it is very beneficial to use them. People who don't use credit cards and prefer to carry cash don't have perks and promotional packages to use in their favor, unlike credit card users. These promotions offered by credit card companies are very useful for some people who don't have money...half card...cash because you know how much you are spending. Another advantage of using credit cards is that there is less risk of robberies. Another positive factor is that if the credit card is stolen or if people lose it, they can cancel it so that no money is taken from the account. An example is when I forgot my credit card at a restaurant; I called the bank and immediately canceled the card. I personally think that credit cards are very good as they are very safe for people to use. Overall, credit cards have been very good and useful for people. It has many features and benefits, which help people structure their money. Carrying cash around is very irritating as it can get lost very easily, causing a lot of problems. In my opinion, credit cards should be advertised and used more often, I personally advise everyone to evaluate their use.