Being a consumer credit card would be beneficial if knowing the advantages and disadvantages of the use of credit cards. Will make the benefits that consumers use credit cards wisely and intelligently because it will determine when the credit card is used and when not in use. And it will be useless if used recklessly, which would make it a time bomb and would be miserable life. For more details, it is the consumer credit card can see this site http://www.askcards.com/.
There are several advantages which are described herein and may be beneficial for the consumer credit card:
- Will get the ease of transacting anywhere and anytime without carrying cash for the payment of the purchase of a good or service in the store or other payments that can be done with a credit card. And most of the expenditure areas are able to pay using a credit card.
- It will get some discounts or price cuts because there are some credit cards offer attractive promos which can reduce costs.
- Will get the convenience in terms of flexibility for all credit card payments would like payment in installments, rather than directly repaid. Consumers will be able to regulate the amount of repayment and payment terms.
- Will find it easy to manage cash-flow by adjusting spending because consumers will get a bill that outlines the details of their spending for a month.
- And most can be helped with a credit card if consumers require funds very sudden, unexpected indispensable at all before also no previous consumer spending in the budget. With credit card consumers can use a credit card for a while, then find a way out of the problems facing.
Now consumers will be explained about the disadvantages of using credit cards if used carelessly and unintelligent:
- All credit cards will provide usage limit. Increasingly give greater usage limit will make entice consumers to use it, even though it does not fund real or actual consumer debt that will be created by the bill. Extravagant lifestyle and are happy to boast would make consumers use wisely no longer. And forget that the income is not sufficient to make that lifestyle but forced, and prepare to be getting havoc at a later date due to swelling of the bill and the amount of installment.
- Since the promos and attractive offer given by a credit card, usually made redundant in consumer spending. Items that really are not needed all of them hired without a second thought. Or to places that just a fancy culinary prestige rather than to increase their daily food needs. Consumers will regret later on.
- It is very had to be known by the consumer credit card that the funds are used is a fund has an interest if not paid according to the bill is given. If consumers do not pay off according to the bill, the remainder of the unpaid funds will be charged interest and will be included in the bill the following month. And if it is not paid in full again the next month’s bill, it will be increasing rates again in the next month’s bill, so the bill will further increase in the next month’s bill. So the consumers do not pay the bill in full each month, then the bill will be enlarged progressively. So get ready to regret it later.
- Payment of credit card bills is always a payment deadline (due date) is given. If consumers do not make payments is not on time, will be charged a late fee is not small.
So have a credit card can be very beneficial if used wisely. But it is basically dependent on consumer credit cards.