What are the advantages and disadvantages of using credit cards a lot?

credit card is a headache for a normal earning person, have seen many affected ones

Advantages, assuming you pay your bill in full every month: -use someone elses money while you draw interest on yours by keeping it in the bank until the cc bill is due -can earn rewards from different cc companies -have the ability to pay for something in a true emergency such as a car repair -safer to carry a credit card instead of a big wad of cash especially while on vacation, etc. -cc companies can offer assistance if there is a problem with a purchase made with their card Disadvantages: -easy to buy things you don't need and/or can't really afford -once you get one card you will recieve endless solicitations from other companies, filling up your mail box and killing trees -high fees/penalties can apply if bills aren't paid on time or if your credit limit is exceeded.

The advantage of using a credit card is that if it is not the time for our payments then I can use the credit card also it has reward points I can use and the disadvantages of having a credit card is if I do not pay the credit card back on the date it is due.

i won't discuss the disadvantages of having a credit card because we all know what it does to us. i would like to delve on how a credit card should be use. 1. it should be only use in cases od emergencies such as ; medical purposes, essential food items that needs to be bought , and if you ran out of cash 2. if we are to use the credit card to add mileage on our planned vacation then we should diligently pay it up the soonest possible time 3. better yet, get a debit card (using your own hard earned money)

Credit cards ruin ones personal life.

Advantages: You don't have to keep a lot of money with you, so you prevent steals, certain credit card company give you point to win something ... Disavantages is the Clony Risk

advantages-you can get the your monthly whole spent expences end of the month, so you can cut down after checking what ever you dont want to spet normally. when you want buy some stuff and you dont have money , you can use this one. disadvantages-you can buy unwanted dtuff while you shoping and if you have no money at all. sometimes you cant control spending like that way. and you cant cut doen some unwanted expences.