My name is Nicky from Debt Reviews. I have created the interesting and informative infographic below about credit card pros and cons. Debt Reviews is a completely unbiased debt information site that is dedicated to helping anyone in any sort of debt get the help they need.
The Pros and Cons of Owning a Credit Card by Debt Reviews
The Pros and Cons
- Speed --- Exceeding buying power
- Variety of Purchasing Options --- The Temptation to spend money you have not yet earned
- Pay in Instalments --- Easier to get into debt
- Perks * Benefits --- Credit Card Fraud
- 0% Interest on Purchases --- High-Interest Fees and Charges
- Emergency Fund
- Insurance on Purchases
- No Cash Needed
Conclusion - if used responsibly, having a credit card can be a great asset. Click here to Debt Reviews' website for more information about getting out of debt.