Credit card has many advantages

Credit card has many advantages as a means of payment. The most practical benefit of this magical card is that the cardholders don’t need to carry cash. Yet, with all its benefits, having a credit card involves some risks. One is the cardholders tendency to spend more money than he or she should, or can afford to. Cards come in handy when we buy on impulse and may without having to wait for our end-of-month paycheck. Who isn’t lured by the “buy-now-pay-later” concept? Actually, when you use a credit card, you buy on credit, which means that you have to pay interest. And like all other bank loans, your debts will swiftly add up when you fail to make the regular monthly payments. Our card eve enables us to get cash in advance from an authorized bank or from an ATM. And another risk is being overcharged.