Nowadays, it is easy to apply for and be given a credit card. however, some people experience problems when they are not able to pay their debts back. in your opinion, do the advantages of credit cards outweigh the disadvantages?
ANS:
In this modern era, with the advent of technology people have a large number of facilities in every sector and it makes their life easy and burdens free. one of these facilities is the credit card issued by the banks. one can easily apply and get this card. however, some people face difficulties to pay the expenses for the usage of credit card. so it has some advantages and disadvantages but in my opinion, advantages definitely, outweigh the disadvantages.
To begin with, in the past time, there were fewer banks in the society and people had to go far away for the bank transactions. but with the passage of time, a large number of branches are opened and they provide a huge number of facilities to their customers and credit card is the major one. moreover, with the help of a credit card, one has no need to carry cash with itself wherever one goes because it is valid to use in every corner of the world. people can use it for shopping, paying the balance, load fuels in vehicles and for many other works. in addition to this, it is easy to carry and with this, there is a decrease in crime also because if someone grabs one’ card then one can immediately inform the bank and they block the card. the transaction of this card and money will be safe.
On the other hand, it has some disadvantages. for instance, some people misuse this facility and they use it very common and when to have to pay the bill, they are unable and this results in some legal action against them. secondly, some poor people can not afford this facility and the reason behind this is the illiteracy among people. they do not know how to use it. in spite of this, the bank has also sanctioned some charges for this credit card annually which is beyond the reach of the poor masses. in spite of this, there are still some places where one cannot use these facilities because it is recently launched and it will take time to establish fully. but the advantages of this overcome the disadvantages because, with the trend of modernization, it become famous among people of all generations.
In conclusion, credit is an outstanding facility given by the technology and the need of the time is that people should be aware to use it wisely where it is necessary so they have no problem to pay the expenses. last but not the least thing is people should act upon the saying ” cut your coat according to your cloth”
