Nowadays, a credit card has become such a commom thing to use in our soiety these days. while this provide several advantages like a finacial flexibility and economic growth, it also allows challenges, practically the risk of debt. In this essay, both views and the main reason for my view will be disscussed.
One the one hand, there are many benefits to the use of credit cards. Firstly, credit card offers numerous benefits, one of the key advantages is finacial flexbility. that mean, the convenience of accessing and obtaining credit card beneficial providing immediate purchasing power,enabling indiviuals to cover unexpected expenges,particularly in emergencies such as medical bills or emergency repairs, without needing to carry cash. For example, one of my friend who is works at national bank as a officer, he was getting a reasonable monthly incomes,it is not affordable to other expenses. afterwards, he was decided to getting a credit card to purchase. now he have been living a luxury lifestyle, exactly what he want. this happens because of using credit card.
one the other hand, there are several drawbacks to the use of credit cards. First of all the drawbacks of financial problems for some individuals. this issue arises due to not using credit card wisely.For instance, many people buy unnecessary things and do not pay them back. Additionally, people have debts,that they can not pay back, have stress and it is leads to mental issues. this is because they can not stop taking credits and too much on themselves.
In conclusion, although there are advantages and disadvantages and disvantages to the use of credit cards nevertheless my opinion is that the advantages outweigh the disadvantages of using credit cards.