Pros And Cons Of Credit Cards - 2174 Words

Credit Cards-- some people might think of this as a dirty word; others might think of it as their saving grace. No matter what your stance on credit cards may be there are many pros and cons to owning and using one. When I was 18, I got my first credit card offer in the mail. As a person who is very bad at saving money, I quickly responded YES! SIGN ME UP! and was soon sent a nice pink plastic card that, in my young eyes, was the key to open so many doors for things I never was able to afford. I was soon purchasing an Mp3 player, shoes, purses, you name it, but I was soon rudely awakened by my credit card bill. The minimum payment was only $10, so I thought, my minimum wage job would be fine to cover it! In no time I had maxed out my†¦show more content†¦Credit can also be very helpful when you need some money in case of an emergency, like having a credit card that you keep just for auto emergencies or medical expenses.This can be extremely important when your car needs a n ew transmission and you have already emptied your savings account trying to pay for just the labor costs alone and its not even finished. Many people also keep an emergency credit card in case they became stranded while on a trip and unable to get home on time, this will help ease the stress of paying a few extra nights for a hotel. Credit Cards can also make shopping a breeze, which is great especially if you are someone who does not have a lot of time to wait around in line at a store; and when you do have to go to the store the card is so easy to use, no more digging in your pockets for change or emptying your purse to find that extra dollar that you just know you have somewhere. Another major benefit of a credit card is security. If you lose your cash, or if it is stolen, there is no way to claim what was taken, however if you use a credit card that becomes lost or stolen, you can report it to the company that issued it and many times the company will refund the amount that th e theif used and refund any fees incurred by the theft. Overall Credit does not have to be a scary thing,Show MoreRelatedPros And Cons Of Credit Cards746 Words   |  3 PagesThe Pros and Cons of Credit Cards Credit can be a powerful and beneficial tool, however, there are many pros and cons that accompany credit cards use. When used correctly, credit cards are invaluable, however they can also demolish a person’s credit history, affecting them for years to come. As a society, we are becoming increasingly dependent on using credit cards and recognizing the positives and negatives is key to responsible credit card use. The advantages of credit cards have revolutionizedRead MoreCash And Credit Cards : Cash Or Credit Card965 Words   |  4 PagesIn today’s economy, cash or a credit card is needed to meet the basic human needs. It is an apparent fact that we need cash or credit cards to purchase items such as food, clothing, and to buy gas. Also, when you are out shopping and discover that you have used all the cash in your possession, it is then that you realize that the advantage of having a credit card. Furthermore, with cash, you are restricted to the amount in your wallet or purse; however, a credit card allows you to pay for your purchaseRead MoreCredit Card Vs. Credit Cards886 Words   |  4 PagesIn today’s economy cash or a credit card is needed to meet the basic human need. It is a clear fact that we need cash or credit to purchase items such as food, clothing, to pay bills, as well as buy gas for our daily travels. However, when you are out shopping and discover that yo u have used all the cash in your possession, which is when we realize that the benefit of having a credit card is very beneficial. Although cash and credit cards are similar in that, they both are used to pay for goodsRead MoreWhy Are Ebates Is A Reward Program?1247 Words   |  5 Pagesin handy, and over the course of a year can add up to a hefty sum. Shopping Ebates. Ebates is a reward program that will return a percentage of your total online shopping bill to you if you enter the store s online site through an Ebates link. Pros: Ebates is a reputable company that actually sends you checks for your shopping experience. There is a plethora of stores to choose from, including almost every large chain in America including online giants like eBay and Amazon. 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It started off by attracting buyer to consider using the card to purchase Hyundai automobile by offering discount. In later stages, the company has adopted the customer segmentation strategy to diversify its target groups of clients. With the emphasisRead MoreWhy Credit Counseling Is The Right Solution For Your Particular Needs842 Words   |  4 Pagesfor profit credit counseling service. Before determining if credit counseling is the right solution for your particular needs, it is important to understand the pros and cons as well as alternatives that might work better. Basics of Credit Counseling: Before looking into a credit counseling company, it is important to understand the basics of the service. Understanding what credit counseling does will make it easier to determine if it is the service you need. A for profit credit counselingRead MorePros And Cons939 Words   |  4 Pagesas considering which style, or styles, are perfect for every room, and which accessories to add for enhanced comfort and beauty. So, lets talk about several options you can use to pay for your new Renewal by Andersen replacement windows. The Pros Cons of Financing Modern Replacement Windows Financing a large purchase like a new house or a new car often means financing at least part of the total price. Some homeowners hesitate to add another monthly payment, but there are a few advantages, ifRead MoreThe Pros and Cons of Owning a Cell Phone790 Words   |  4 PagesThe pros and cons of owning a cell phone Broc Barchard COMM/112 April-08-2013 Kerry Moquett The pros and cons of owning a cell phone Annotated Bibliography: Are cell phones controlling us? I generally like this source because it goes into great detail about the evolution of cell phones. Starting back in 1984 the first cell phone was basically a brick, and now the cell phones used today are way smaller. Also this source talks about devices becomingRead MoreAlpen Bank1311 Words   |  6 Pagessuccessful implementation of Alpen Bank in Romania in the years 2000, Gregory Carle the country manager is wondering whether Alpen Bank should consider launching a credit card in the market. In order for the launch to be profitable several points have to be clarified such as who would the company target, what would be the positioning of this new card and how should it be marketed. Situation Analysis Context: After a period of recession, the economy in Romania is on a rising trend. The total disposable