It is often argued by some people that credit cards are beneficial for people mainly in terms of online purchases . Meanwhile, others argued that these cards are often associated with financial frauds However, I believe that credit card usage is indeed a positive development.
On the one hand, the supporters of credit cards believe that it can facilitate online shopping as million of e commerce websites allow payments through credit cards.Take as an example of Amazon Canada, Samantha William stating that by Year 2028 around 90 percent of the payments on their platform will be made using credit cards Thus, credit card usage is indeed a positive development.
While on the other hand, the opponents of credit card believe that these cards can incour finanacial fraud as many of these cards are often hacked or misused for instance, a recent survey conducted in Dresden Germany revealed that around 70 percent of people considered that bank fraud consisder to be the biggest disadvantage of credit card Hence, credit cards can have certain problems as well.
However, I believe that credit card usage is indeed benificial as these cards allows payments to be made on different platform for online purchases.
To sum up, Even though credit card usage can create certain problems, but from my perspective it is quite benificial for well being of people .