ipl-logo

Credit Card Advantages And Disadvantages

755 Words4 Pages

There have a lots of advantage and disadvantage use credit card. First advantage of credit card is convenience. Credit card can assist to save your time, easy to bring and also avoid you from trouble. That means you cannot find out an Automated Teller Machine (ATM) or keeping a lots cash in hand because it more dangerous to keeping cash and crime can happened anytime. Secondly credit card also become as instant cash. Anytime you can use and it as cash advances. Thirdly, credit card as record keeping. The credit card usually provide year-end review statement of your expenditure and show your expenses or your cash outflows. For example, it will show amount of how much you use for entertainment, dining, retail and so on. Then, if you use credit card it have a small cost of loans. Credit cards also be able to useful in case of emergency. Nobody can help if you’re in a bind without cash, but many outside offer helpful features.
Credit card also have the purchase protection. Some credit card have their own number of specific protection such as purchase protection for car rental insurance, travel insurance, defective goods and etc. Besides that, credit card can help you in making budget costs for each month and providing to pay your bill complete every month. You can set up your credit card limit amount when use it and for a persons that already set up an online account with the credit card company, they can import the data into the some form such as apps for personal finance

Show More
Related

  • Black Tuesday: Rollercoaster Of Events Of The 1920's

    1468 Words  | 6 Pages

    Buying products on credit soon became a norm throughout society, leading to massive amounts of debt. “Many merchants offered installment payment plans, enabling the average American to purchase goods, including cars, on credit. Thus, Americans could purchase the new appliances and conveniences

    Read More

  • Summary Of The Credit Card Made Me Do It ! By Carlos Macias

    338 Words  | 2 Pages

    In Carlos Macias' essay, "'The Credit Card Made Me do it!'-The Credit Card industry's Role in Causing Student debt", he discusses how credit card companies employ different tactics to put college kids into debt, in order to make money off of them. Macias, being a college kid, attempts to make all other college kids aware of credit card company schemes. Macias puts "most of the blame directly on the credit card companies," (274). I believe that the person with the credit card is to blame for the debt because anyone who has a credit card goes in knowing that they must pay off their bills. However, I find it wrong for credit card companies to approve college kids for a card when they state that they do not have any source of income.

    Read More

  • Publix Vs Kroger

    461 Words  | 2 Pages

    I prepared this project since March, but because of the anticipation of spring break, I wasted some time. Otherwise, I could finish it before the break. This project also is the last one except entrepreneur project. Those practices about economic let me understand a bit about money. I think this also will help me about financing in the

    Read More

  • The Motley Fool

    861 Words  | 4 Pages

    These help the reader understand that while there are many ways to earn money there are also just as many ways of going into debt. The book shows many different ways of avoiding debt and being smart with your money. In addition to debt, the book talks about credit cards and the debt related with them. The authors write about the dangers of credit cards and the schemes of credit card companies. Reading about credit card companies and their schemes helps the reader think carefully and evaluate their plans before getting credit

    Read More

  • Essay On The Pros And Cons Of The Fair Tax Act

    624 Words  | 3 Pages

    Pros and Cons of the Fair Tax Act If you've experienced filing and paying taxes taxes, you know how confusing and how much of a hassle it can be. Many people don't only complain about the complex process, they also express that wealthy persons and families, businesses, and special interest groups pay less tax than they're supposed to due to certain exemptions and loopholes. Because of these frustrations, the Fair Tax Act is gaining a strong following. This plan aims to replace the federal tax income system with a flat national sales tax. Supporters of the plan believe this would help to evenly spread the tax burden, get rid of loopholes, and take away the hassle of collecting taxes without affecting federal tax revenues.

    Read More

  • Being A Medical Assistant Essay

    1277 Words  | 6 Pages

    When recording financial activity of a business, “any increase in expense (debit) must be offset by a decrease in assets or an increase in liability (credit)” (Routh 464). Any expense for any office supplies decreases cash or increases accounts payable. Each account is assigned a number to enter data in a list of categories “to track the sub-accounts of assets, liabilities, income, expenses, and equity” (Routh 464). This is a way to bookkeep the charts of accounts.

    Read More

  • What Is The Credit Card Companies Role In Causing Student Debt By Carlos Macias

    948 Words  | 4 Pages

    The Credit Card Industry?s Role in Causing Student Debt, author, Carlos Macias, warns his audience that credit card companies will try anything and everything to get students to own a credit card from their company. Macias states that college students have a huge target on their back when it comes to credit

    Read More

  • The Benefits Of B-Cards

    619 Words  | 3 Pages

    Many people depend upon their vehicles to get them around. Unfortunately, when you combine alcohol and driving, sometimes the result is the loss of driving privileges for a time. The amount of time you actually lose your driving privileges in many cases depends upon the extent of the DWI as well as the number of previous alcohol-related convictions. In some cases, the person will be issued a B-Card, which is a restricted license, before being allowed to return to driving.

    Read More

  • Case Study Porcini's Pronto

    829 Words  | 4 Pages

    Porcini’s Pronto Tom Aleso, who was the Marketing vice Director of the Porcini’s Inc., had a good idea of expanding the company’s business of operating the restaurants. He identified an opportunity in creating more full-service chain restaurants that would serve the highway travelers. It was a brilliant proposal since the only competitors that were serving the market then were a few people operating low-end fast food restaurants and small outlets. In fact, this augured well for Porcini’s full-service restaurants and there were signs that they would be embraced by the customers who needed full meals at the rest stations in the course of their journey. However, the biggest challenge that stood along the way was insufficient capital and lack of resources to start up the business, and there were concerns about the quality of the initial services.

    Read More

  • Credit Card Debt

    781 Words  | 4 Pages

    In the article “What Drives Credit Card Debt?” Amy Traub correlates credit card debt to multiple variables. These variables include not having health care, being unemployed, and no assets to fall back on. Having credit card debt can be extremely overwhelming. Always believing it can be paid off at any given time, but once it starts it is almost like a snowball tumbling down a hill.

    Read More

  • Advantages And Disadvantages Of Cryptography

    1472 Words  | 6 Pages

    Cryptography is a technique or method to secure personal data from unauthorized user. In cryptography two types of operation are performed. (i) Encryption and (ii) Decryption. To encrypt and decrypt data a secret key is used. After encryption original data is converted into another format known as cyphertext, which is not easy to understand.

    Read More

  • Persuasive Essay On Credit Card Debt

    922 Words  | 4 Pages

    Today nearly everyone has to have and use a credit card (credit card) as a medium of non-cash transactions. This is because the manufacturing process tends to be easier, offer a discount for its users as well as the practicality of use. But of course there are consequences to be paid when you use that bill pembayarannnya. For some people it does not matter, but for some others, sometimes it becomes a new problem. As a result, it is instead make your life easier, but instead burdening your life.

    Read More

  • The Importance Of Accounting In Personal Finance

    748 Words  | 3 Pages

    These tools are designed to make record keeping features of personal finance, which are the collection, classification, and sorting of financial data as easy as possible. Moreover, these tools also produce summary reports such as income statements, cash flow statements, and balance sheets with an inclusion of many needed calculations Seigel & Yacht, 2009). Personal financial software definitely will assist one in his/her personal financial decisions by providing convenience and skill for collecting, classifying, sorting, reporting, and securing financial data to better assess his/her current situation. Furthermore, for better evaluation of choices, personal finance software make available calculations for projecting information such as education savings, retirement savings, debt repayment, mortgage repayment, and income and expense

    Read More

  • Apple Value Proposition

    1567 Words  | 7 Pages

    This ensures that consumers’ card numbers are never stored on the device, in Apple’s servers, or given to merchants. After the digital token is created it is encrypted and sent to Apple for verification. Then the costumers’ credit card institution verifies available balances and the transaction is either approved or denied. Apple Pay also does not sell or store transaction information, which is a common practice among credit card companies for an income

    Read More

  • Self Reflection In Financial Management

    1051 Words  | 5 Pages

    In my day to day studying times, I can prepare accounts manually with the assistance of some videos on youtube and I am also planning to use a computer package to prepare restaurant accounts in near future. Moreover, I am lucky enough to have some basic knowledge about methods and principles of financial planning, instruments and mechanics of accounting, procedures and documents required for financial reports , methods and techniques of controlling finance, principles and instruments of auditing and methods and techniques of fraud prevention in financial

    Read More

More about Credit Card Advantages And Disadvantages

Open Document