Essay Credit Card And Credit Cards

Essay Credit Card And Credit Cards

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Take a look around whenever you are out shopping or at a restaurant. Do you notice how many people no longer use cash or checks? It 's virtually everyone!

Just think about that VISA commercial where everyone is using their credit card, and when someone decides to pay with cash, everyone looks at him as if he 's from another planet. Yes, that 's the power of plastic.

Credit cards have quickly become the fast and convenient way to pay for everything, from parking tickets to online purchases. With one easy swipe or the punching in of a few numbers, you can make a major purchase now and pay for it later in monthly installments. It 's that easy.

But everyone has also heard horror stories about credit card usage. Some people are thousands of dollars in debt and have to declare bankruptcy, while others have had their credit card cut in two by a cashier because it was declined.

Despite all of the bad things associated with credit cards, there are also good things you can get from them. If you learn how to manage your money wisely and establish good credit history, then your financial future will be much easier to control.

The Good Side of Credit Cards

Credit cards have taken over the world, yet there are both good sides and bad sides to the power that these plastic pieces hold.

With people using credit cards today more than ever before, there have to be some reasons why they choose credit over cash.

Here are a few reasons why credit cards can be good for you:

You can purchase expensive products and services now and pay for them over time. These can include student loans, cars, furniture, electronics and even a home.
Credit cards are much easier to deal with and carry around than a handful of dollar bills or a bulky checkbook. Whe...


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...u don 't even pay them at all, then you will permanently affect your credit history for the worst. And if you have a bad credit history, you won 't be able to apply for a loan, rent a house, buy a car, or even get hired for a job!
You might become a victim of credit card dependency. You should never rely on your credit card as a complete source of income, and you should never use it for every single purchase you make. If you use your credit card to bail you out of every financial situation, then you 'll never learn how to manage your money wisely, and you won 't become financially independent.
If you learn how to manage your credit card wisely, then you will be able to start successfully investing in your future. Any missed payments or overly-expensive purchases made today can come back to haunt you in the future, so just be careful with the power of your plastic.



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