Undoubtedly, in the contemporary era, plastic cards play an importanr role in the world people. most of the multitudes prefer to use credit cards. This essay tends to describe both the pros and cons of this aspect which i will elaborate in the looming paragraphs. One the one side, there are myriad of benefits of the use of plastic cards. Firstly, it can assist to transact globally. To explain, most of the murchants are interconnected with overseas nation's companies, at that time, the credit card helps to transfer the money from one place to another place. Secondly, it helps to increase the purchasing power. on the other words, someone cam do multiple shopping at a time online which aid to save the time of that person. Lastly, masses can utilize the plastic card in emergency situation at any time. For instance, some time someone have no money for medical treatment due to some financial crisis at that time, card helps them. On the paradoxical side, there are few perils. Intially, individuals who have credit card, they act as superthift while using credit card. Owing to, they cannot do value of money and use it for purchasing useless things which is not essential for them. After that, they fall into debt which they may increase the stress of the person. Apart from this, some people who are unfamiliar about the use of card such as senior citizens and rural masses who survive under the cyber crime. Beside this, the hidden cost are also recieved while using the card such as transaction fees. To igminate, although, there are few drawbacks, yet the advantages cannot be overshadowed of the use of credit card.
Undoubtedly
, in the contemporary era, plastic
cards
play an
importanr
role in the world
people
.
most
of the multitudes prefer to
use
credit
cards
. This essay tends to
describe
both the pros and cons of this aspect which
i
will elaborate in the looming paragraphs. One the one side, there are myriad of benefits of the
use
of plastic
cards
.
Firstly
, it can assist to transact globally. To
explain
, most of the
murchants
are interconnected
with overseas nation's
companies
, at that
time
, the
credit
card
helps
to transfer the money from one place to another place.
Secondly
, it
helps
to increase the purchasing power.
on
the other words, someone cam do multiple shopping at a
time
online which aid to save the
time
of that person.
Lastly
, masses can utilize the plastic
card
in emergency situation at any
time
.
For instance
,
some
time
someone
have
no money for medical treatment due to
some
financial crisis at that
time
,
card
helps
them. On the paradoxical side, there are few perils.
Intially
, individuals who have
credit
card
, they act as
superthift
while using
credit
card
. Owing to, they cannot do value of money and
use
it for purchasing useless things which is not essential for them. After that, they fall into debt which they may increase the
stress
of the person. Apart from this,
some
people
who are unfamiliar about the
use
of
card
such as senior citizens and rural masses who survive under the cyber crime. Beside this, the hidden cost are
also
recieved
while using the
card
such as transaction fees. To
igminate
, although, there are few drawbacks,
yet
the advantages cannot
be overshadowed
of the
use
of
credit
card
.