Question

Write advantage and disadvantage of

(a) credit Card (b) cheque​

Answer 1

Answer:

Disadvantages and Advantages of credit and cheque

Explanation:

a) Credit card : high interest rates

Easy way to get into Credits

Easy to overspend

and a lot of chances of frauds

b) cheque: it's not suitable for small amounts

It's a Time consumer

It may be valueless if the owner has not amount in their account

Advantages :

a) Credit card : you can Earn gifts like cashback and mile offers

No foregin transaction fees

credit scores will be displayed to know

b) Cheque : More convinet than carrying cash

Cheque is safer

it can be drawn any time