Advantages and disadvantages of credit card
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Advantages
- Provided simple use of funds
- credit card is a easy way to establish a good credit history
- It is a convenient payment method for purchases via Internet
- Is more convenient to carry than cash
Disadvantages
- Credit card is much costly than other forms of loan or credit
- Allow to build up more debt than credit card owner can handle
- Terms and conditions are complicated
- It can damage credit history if payments are late
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