Benefist advantages and disadvantages of credit cards and cash
SOME ADVANTAGES AND DISADVANTAGES OF USING CREDIT CARDS. ADVANTAGES: 1. If you want to go shopping and you don't have cash, a credit card is a solution. 2. Credit cards are safe because if someone else steals it and uses it you can get your money back . 3. Using credit cards gives you rewards, such as cash back or points. DISADVANTAGES: 1. If you do not make payments on time and have high balances, this causes your credit score to be affected and there is no possibility of obtaining loans in the future. 2. With credit cards there is the possibility of identity theft and fraud. 3. Credit cards often tend to have high fees and interest rates, which can exaggerate your purchases. SOME ADVANTAGES AND DISADVANTAGES OF CASH. ADVANTAGES: 1. Using cash is better, because you do not need a bank account or dataphone. 2. Cash is accepted everywhere and can be used on any purchase. 3. The use of cash does not generate interest or commissions. DISADVANTAGES: 1.