It is justifiable for the opponents. First, individuals are inclined to get a mortgage on housing. Then, when they experience some life-changing events, such as accidents which impair their mobility and prevent them from functioning normally, they cannot pay off debts. As a consequence, the bank would call their houses back, driving them onto streets. Second, the ease of paying on credit can also lead to overspending. It makes sense as users may disregard the value of money, hence, squander it on instant gratification, such as flashy clothes and glamorous lifestyles. The interest would add up, lead people to get into suffocating debts.
However, I still advocate for credit card. To start with, this tool serves as an outstanding financial backup and even life-saver, helping users to stay afloat. For example, they could cover some unforeseen expenses with an amount of money of the card. This is significant and helpful for companies and even workers in a layoff period, preventing a breakdown. In addition, a credit card can also allow people to pay bills by monthly installments. Therefore, it can lighten immediate financial burdens for users, especially those who are on a tight budget. Finally, the card is also popular for its convenience. It is true that people can trade and buy things outside their countries by using some online cards such as VisaMaster as the transactions have been accepted globally. This is not only beneficial for buyers but also facilitates an international exchange of products.
In conclusion, using money on credit has its own both merits and drawbacks. I think people should put credit card to good use to shun preventable debts and stay afloat.