Is it beneficial to use credit cards?

Is it beneficial to use credit cards? Fondly known as plastic money credit cards are tiny plastic cards that have great value to users who find it extremely easy to get what they like instantly without having to ask others for money for such purposes. The... More

Is it beneficial to use credit cards? Fondly known as plastic money credit cards are tiny plastic cards that have great value to users who find it extremely easy to get what they like instantly without having to ask others for money for such purposes. The way credit cards function is very simply, the credit cards are issued by lending parties mostly banks or big financial institutions which is a revolving account wherein the consumer has a fixed limit of credit by using the card either to buy goods or services or even to get cash advances to meet various needs of the consumer. Some people also point out compare credit cards so that they can decide what would they choose. The money borrowed thus should be repaid within a limited time-frame to get maximum benefit from using credit cards. If the borrower exceeds the repayment period he/she will have to pay interest for the money borrowed which could be quite high and not beneficial at all. Due to poor repayment of credit card bills b Less