(1) You don't need to bring too much cash to travel abroad. It's convenient to use a credit card.

(2) You can pay for things in advance without paying immediately.

(3) If you need cash flow immediately, you can take your credit card to the bank or ATM to withdraw cash immediately.

(4) You can apply for a credit card with no annual fee, and you can also get gifts or supermarket coupons.

(5) Earn bank interest without paying back the money immediately.

Disadvantages of using credit cards:

(1) It's very troublesome to lose your credit card. You should call the card center immediately to intercept it, lest it be stolen by others.

(2) If you lose your budget, you can't pay back the money. You should pay interest.

(3) It is easy to abuse money or even overspend without consideration.

(4) Most gifts after card processing are useless or perishable.

(5) If the number of cards exceeds the number of cards (that is, the money owed to this bank is repaid by another bank and repeated)

The arrears are piling up. If you can't pay back the money, the debt collection company will come to your door.

Summary: Credit cards are actually very convenient if you use them carefully. In fact, credit card is an interest-free loan tool. As long as you pay it off on time, you will definitely count on it, otherwise it will increase your expenses.

profit

Cash-free transaction: avoid fake silver paper, do not need to carry a lot of cash to the streets, the transaction has no borders, the transaction is convenient and fast, there is no need to count silver paper, and consumption is recorded.

Flexible allocation of funds: late changes, reserved funds (when not needed, it can be used as cash overdraft without any approval), and some can even use online payment to cash out credit lines without paying any interest.

Save money: cash rebate, redemption of points for gifts or cash coupons, and discounts or concessions for consumption.

shortcomings

Carelessness: It is more troublesome to report the loss and reissue the card, and you lose money because it is stolen.

Arbitrary consumption: increase unnecessary consumption expenditure and reduce savings and financial problems.

Number of credit cards with deferred payment: increased interest expense, heavy debt and lowered credit rating. Personally, I think credit card is a good tool for those who are temperate and determined; Similarly, it is a nightmare for those who are not determined enough to clean up future funds.

Benefits:-

1. There are several installments. Don't pay immediately.

You can exchange points for gifts.

It is safer to go abroad without cash.

Sometimes there is a discount when there is a promotion at the restaurant.

Disadvantages:-

1. You can wash your feet easily without wiping your feet. If it's too big, you must borrow it when you pay back the money. If it is greater than the interest,

Because you don't have to compare cash immediately, you will have the impulse to buy it, but you may find that you don't want to buy it in the end.

If someone steals it and doesn't report the loss, he will bear part of the responsibility.