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. The loss of cash is irrecoverable.
2. Carrying cash in your wallet is sometimes uncomfortable, since it takes up space in it.
3. There are places that do not accept cash.