Are credit cards really adjectives? Advantages-Disadvantages?

Advantages-Disadvantages?

no it is harmful for middle class society

yes they r very usefull

A lot of people get contained by trouble with credit cards, but with command, a credit card is a very useful tool. Just exercise discipline, and use it judiciously!

Advantages:

- Build credit history - you call for it, period. I've known citizens very responsible with their money who never applied for credit cards. Because they have no credit history, they couldn't get loans for house/car. Without credit history, you can't even get a cell phone contract w/o a deposit. Without credit history it's harder to rent an apartment, sign up for utilities, and sometimes even potential employer look at your credit.

Doesn't matter how responsible you are or how much $$$ you have contained by the bank, you need to know how to show it by a *history* of using credit responsibly. (The key word is "responsibly.")

- Credit cards offer purchase protection & benefits. If you pay packet for goods/services and the merchant wrongs you? Your credit card company can often work as a mediator within these disputes, and help get your money hindmost. If you paid cash, it will be much unyielding to get that back.

- You want credit cards for things like: making hotel reservations, renting cars, etc.

- Online shopping: Credit cards make shopping online easier (although nearby is paypal, not everyone takes paypal).

Disadvantages:

- The most obvious one is that relations lose control and get into trouble. Swiping a plastic card doesn't feel consequential approaching handing over cash, so you downfall up spending $$$ you don't have, and before you know it, you're drowning contained by debt.

So it's a necessary evil.

Being responsible and disciplined is key here. Using computer software approaching Quicken to track your expenses, and keeping track of your transactions online can be very helpful. Know where on earth & how much $$$ you are spending. Learn about how credit cards work - how intererest rates work, the terms of your card, etc. And stick to a credible budget, and know how money works.

Credit cards are useful, even necessary. They don't gross you lose control, but they make it easier. Take control and make it work for you, not against you.

It depends on..person...and the city u live...there is a possibilty of over usage also...please monitor monthly ur expenses...and statements..for frequent travellers and business those it is very much better...u can get maximum of 50 dat free credit interval and some companies are giving free insurance coverage also.. and some reward points also...there are not at all discouraging,,,but u have to monitor ur expenses.some people are using 2 to 3 caards for whim to show others..all u need to rob care of it...

Answer:
Advantages:
-they help you build credit, which is one of the things you'll need if you're planning on buying a house (unless you enjoy a lot of cash)
-you can buy things that you may not have dosh for at the moment
-you can use it to shop online
-you may need it if you want to make a reservation, such as at a hotel or for airlines
- you inevitability good credit to rent an apartment, condo, house, etc.
-some employers look for a apt credit score when hiring, because if you have one, it system you're responsible

Disadvantages-
- you may end up spending way too much, more than you own
- you may not think about how you'll enjoy to pay that balance bad within a month or so (unless you want to make minimum payments for 20 years or so & finishing up paying way more than what the item costed you)
- if you're not responsible, it could ruin your life (at lowest for a while)

yes they are very adjectives as far as you have a good control over the personality who is spending the money

they are great for emergencies, or if you won't have the money for another week, i penny-pinching if the washer breaks and you don't have the money right then and nearby what do you do? you need a washer, its your own fault if you don't know how to pedal credit cards,

There are some unadulterated nice answers here today.
However the truth is Credit cards are for slaves in 21st century. The average person not clan has 8400$ in credit card debt not including coup�� or home loans.
Cash is king and a debit card is equal to a charge card except you actually have to own money.
Suggest you Read ' Millionaire next door' . Visit DaveRamsey.com to learn roughly speaking your money and what the banks don't want you to know.
Credit card comps pay their CEO's up to 400,000,000$ (400 million$) a year that come from your pockets.

It depends on your buying power.

Credit cards can be really useful. It depends on the discipline of the person. At one time, I have A1 credit and had several credit cards and no discipline. I was on benefit for 2 yrs. and the credit cards bills really piled up. I am older now and am have to repair my credit. Credit Cards are good for things such as when traveling and in extreme emergency but not in cases such as those boots are on sale and I am out of dosh. I hope this help. I will try all I can to lend a hand others not to be in the situation that I am in next to my credit.

YES, esp when u r overseas and find urself short of bread when the merchanise is shouting "buy me! buy me!"

NO, since u dun see the cash when u r paying and can really lost track how much debt u r racking up. sometimes it's a rude shock when the monthly bill came.

it really boils down to how one manage his/her finances and SPEND WITHIN UR MEANS.

yes they r very very adjectives if utilised in emrgencies.
disadvantage is over buying. if u can control that then within no disadvantages.