When I hear the words Credit Cards I automatically think "bad decision." In this article I will talk about both advantages and disadvantages of credit cards. In my opinion there are far more disadvantages than advantages. First of all I would like to say that credit card companies even know their credit cards are bad. The way the credit system is structured is alittle bit confusing to me. You have to somewhat stay in debt to raise your credit score.
Credit cards can be useful for emergencies. There are some that even offer benefits such as discounts to stores, travel discounts and special insurances. Credit cards can also help you establish a good credit score. It's about responsibility, but it's all very much a gamble too. Credit cards can eliminate the need to carry around large sums of cash. If you're a person who doesn't like to carry large sums of cash then a prepaid debit card is for you. There are many good cards to choose from out there. They're very accessible. Credit cards act as short term loans which can be very helpfu
l when finding a bargain in the store and not having enough cash on you at the time.
Now I will be focusing on the disadvantages of credit cards. Some credit cards depending on your score can give you higher interest rates which means it can easily be turned into increased debt. The biggest advantage of a credit card would be not owning one to begin with. You will then be avoiding the trap of revolving debt. I think credit card companies try to overwhelm people who have had good credit history. What they do is sometimes give people more buying power with increasing the spending limit. Temptation is what I like to refer to it as. Some companies even give credit cards to people who have no income or very little credit history. These bloodsuckers have gotten so blood hungry that there's now credit cards you can get easily even with bad credit. C
redit cards encourage people to spend money that they don't have. Studies have shown that the average American consumer has five credit cards and owe over $10,000 in credit card debt. Alot of people might move towards owning a credit card because they find it alot more easier than applying for a loan at a bank or credit union. A credit card is an easy way out and I think of many of the companies as loan sharks. Though credit cards would be an easier way to go about getting a loan a bank or credit union will actually provide you with a much lower interest rate. I remember my first credit card. I was eighteen and irresponsible. I thought of my credit card as being my friend, always there to come to my rescue. When my bill had came and I saw the interest rates is when I realized that friends easily become enemies. 
Credit cards can be useful for emergencies. There are some that even offer benefits such as discounts to stores, travel discounts and special insurances. Credit cards can also help you establish a good credit score. It's about responsibility, but it's all very much a gamble too. Credit cards can eliminate the need to carry around large sums of cash. If you're a person who doesn't like to carry large sums of cash then a prepaid debit card is for you. There are many good cards to choose from out there. They're very accessible. Credit cards act as short term loans which can be very helpfu
l when finding a bargain in the store and not having enough cash on you at the time. Now I will be focusing on the disadvantages of credit cards. Some credit cards depending on your score can give you higher interest rates which means it can easily be turned into increased debt. The biggest advantage of a credit card would be not owning one to begin with. You will then be avoiding the trap of revolving debt. I think credit card companies try to overwhelm people who have had good credit history. What they do is sometimes give people more buying power with increasing the spending limit. Temptation is what I like to refer to it as. Some companies even give credit cards to people who have no income or very little credit history. These bloodsuckers have gotten so blood hungry that there's now credit cards you can get easily even with bad credit. C
redit cards encourage people to spend money that they don't have. Studies have shown that the average American consumer has five credit cards and owe over $10,000 in credit card debt. Alot of people might move towards owning a credit card because they find it alot more easier than applying for a loan at a bank or credit union. A credit card is an easy way out and I think of many of the companies as loan sharks. Though credit cards would be an easier way to go about getting a loan a bank or credit union will actually provide you with a much lower interest rate. I remember my first credit card. I was eighteen and irresponsible. I thought of my credit card as being my friend, always there to come to my rescue. When my bill had came and I saw the interest rates is when I realized that friends easily become enemies. 
