Usage of credit cards essay

Paying with cash is very easy; for knowing how much money is available and how much can be spent makes it very hard to get into debt. When paying with a check the process is a bit trickier; the exact balance has to be kept on the account at all time.

Credit card usage has become so common that one really ponders whether there is life without credit cards.

10 Reasons To Use Your Credit Card

A connected question is, if there exists a life without credit card, is it worth living. Most of the so-called liberated, polished and educated well-to-do people have a credit card.

All non-card holders are those who are unable to obtain credit cards, or those who choose not to use them. Many of those without credit cards simply do not qualify for credit due to bad credit, no credit, immigration status or another reason.

Even when people find themselves debt-ridden and their privileges suspended by the credit card company due to non-payment, many of them choose to cling to their cards. They are still averse to lead a credit card-less lifestyle. It is because the credit card offers them the experience of a lifestyle which they would not have enjoyed otherwise.

For example, one can take a month long trip to a vacation spot with a friend with the facility of the entire expenses being charged on the credit card. Most people, especially the new generation, view credit cards not as a loan from the bank, but as extra income.

A credit limit of? Credit card was actually designed as an emergency card, a readily available loan to be used when suddenly an unplanned expense crops up.

It was a way of preparing oneself for the need to avail credit in the future, in case such need arises.

Use of credit cards

What people miss is that debit cards can be equally used in such situations that traditionally demand a credit card. It is perfectly possible to live a happy life without credit cards. They are not a requirement. It seems as if thinking has developed that we must have credit cards.

However, the reality is that the practices of credit card issuers can be harsh on individuals. More and more people are stopping use of credit cards, after a bad experience with them.

Short essay on Credit Card

Although it would be easy to blame the banks for high credit card bills, skyrocketing interest rates, and never-decreasing card balances, it is the fault of the cardholder when debts get out of control. Instead, it is the misuse of credit that is to blame. The problem is that many people, once they have paid off their debts, are anxious to jump back on the credit card express to Debtville.

It is because in a credit-dominated society, a lot of people want to re-enter the world of credit without any ample reason.

The easiest way to handle a credit card is by paying off all dues at the end of the month. In fact, many of those who do not pay off their balance in full every month simply cannot afford to. An increased cost of living, a set income and the lack of a financial safety net lead a lot of people into deepening debt.Advantages and Disadvantages of using a Credit Card Credit Card is an Automatic advanced card which people can use it to get the goods without paying the cash.

Credit cards are widely use by people all around the world as a source of convenient to get what their needs. Credit cards are popular in highly industrialized countries and are emerging in other less developed regardbouddhiste.com purpose of this paper is to argue the advantages of using cash against using credit cards in paying for purposes.

examine students’ use of credit including credit card ownership, the amount of credit card debt incurred, the types of credit cards held and students’ attitudes. CREDIT CARDS: AN AMERICAN WAY OF LIFE April 21, Kevin L.

Thompson English A mil Quayle Credit cards are quickly becoming a major problem for the American people.

Types of Credit Cards

It is so easy to get into debt with a credit card, and anyone with a mail box and a pulse can get one. They usually offer credit cards to people with a good credit history. Here are some ways to help yourself by using credit: Use your credit card a few times a month.

Buy things you can pay for that month. Pay the whole credit card bill every month. The use of credit cards is much more dangerous than use of checks or cash. Paying with cash is very easy; for knowing how much money is available and how much can be spent makes it very hard to get into debt.

When paying with a check the process is a bit trickier; the exact balance has to be kept on the account at all time/5(14).