Question

Which is a positive reason for using a credit card to finance purchase

Answer 1

Advantages:

Credit cards help you build a credit history. Using a credit card instead of a debit card and making payments on time helps you establish a solid credit history and a strong credit score. Credit Cards enable users to make big ticket purchases they might not otherwise be able to afford.

Disadvantages:

Paying high rates of interest. If you carry a balance from month-to-month, you'll pay interest charges. Other fees can quickly add up, and there are also credit card surcharges.

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