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advantage and disadvantage of credit card

advantage and disadvantage of credit card doknr

In this digital era credit card play a vital role in the economy and majority of using thing for financial transaction This kind of plastic money has several merits than detriments and both the points are discussed in the ensuing paragraph There are numerous merits attributed to the credit card. To begin with the foremost one is easy money management. the risk of carrying large sum of physical money is over now as a new form of money called credit card is introduced which require no need to carry cash for buying expensive item. For instance, in western developed countries most of the citizen are using plastic card as a source of payment. Secondly eligible for discount. Most of the retailers and online website are providing additional discount. For example, in India many online website like Amazon are providing additional discount of 10%on all item if paid via credit card. However, there are darker side of using credit card To begin with Overspending in comparison to their income. credit card provide facility to pay all the bill at a time after a month this creates a serious problem for those who buying it online use the product and when the time for paying the due come they don’t have money and they fall under the trap of heavy penalty and interest. Moreover, there is risk of increasing digital crime. there are many cases of intruder hacking the card and pin and that lose the lots of money. To conclude that using of credit card play a vital role in the economy, if use it wisely there were more benefits than detriment

In this digital era You use this word too often, consider replacing it withattention
credit
You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
 play a vital role in the economy and majority of using thing for financial transaction This kind of plastic You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 has several merits than detriments and both the points are discussed
 in the ensuing paragraph

There are numerous merits attributed to the You use this word too often, consider replacing it withattention
credit
You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
. To This phrase/word (depending on the context) can be potentially replaced with :initiatecommence
begin
 with the foremost one is easy You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 management. This sentence does not start with an uppercase letterThe
the
This phrase/word (depending on the context) can be potentially replaced with :hazarddanger
risk
 of carrying large sum of physical You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 is over This phrase/word (depending on the context) can be potentially replaced with :nowadays
now
 as a new form of You use this word too often, consider replacing it withsalarywagewealthpaybillcash
money
 called You use this word too often, consider replacing it withattention
credit
You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
is introduced
 which require no need to carry cash for buying expensive item. For instance
, in western This phrase/word (depending on the context) can be potentially replaced with :developed nationscountries with a strong economyindustrialized nation
developed countries
 most of the citizen are using plastic You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
 as a source of payment. Secondly
 eligible for discount. Most of the retailers and online website are providing additional discount. For example
, in India This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
 online website like Amazon are providing additional discount of 10%on all item if paid via You use this word too often, consider replacing it withattention
credit
 card.

However
, there are darker side of using You use this word too often, consider replacing it withattention
credit
You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
 To This phrase/word (depending on the context) can be potentially replaced with :initiatecommence
begin
 with Overspending in comparison
 to their income. This sentence does not start with an uppercase letterCredit
credit
You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
 provide facility to pay all the bill at a time after a month this creates a serious problem for those who buying it online Did you mean "uses"?uses
use
 the product and when the time for paying the due This phrase/word (depending on the context) can be potentially replaced with :approacharrive
come
 they don’t have Use a comma before 'and' if it connects two independent clauses (unless they are closely connected and short).money, and
money and
 they fall under the trap of heavy penalty and interest. Moreover
, there is This phrase/word (depending on the context) can be potentially replaced with :hazarddanger
risk
 of increasing digital crime. This sentence does not start with an uppercase letterThere
there
 are This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
 cases of intruder hacking the You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
 and pin and that lose the lots of money.

To conclude
 that using of You use this word too often, consider replacing it withattention
credit
You use this word too often, consider replacing it withsheetposterlabelprogramcalendarticket
card
 play a vital role in the economy, if This phrase/word (depending on the context) can be potentially replaced with :exploit
use
 it wisely
 there were more benefits than detriment