Credit Card | Advantage and Disadvantage of Credit Card in Hindi | By Ishan
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus the other agreed charges.
Credit usually costs more than paying cash. Interest and other charges may be added to the purchase price. You may save money, because you can take advantage of sales. Credit can help if you need money for emergencies, such as unemployment, illness, death, or property loss.
What are the advantages of credit card? : The advantages of credit cards. Credit cards are convenient and are safer to carry around than cash. They are widely accepted online, in most stores, and are virtually indispensable for travel.
Disadvantages. Blowing Your Budget -- The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have. High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.
Disclaimer- Some contents are used for educational purpose under fair use. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. All credit for copyright materiel used in video goes to respected owner.
A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus the other agreed charges.
Credit usually costs more than paying cash. Interest and other charges may be added to the purchase price. You may save money, because you can take advantage of sales. Credit can help if you need money for emergencies, such as unemployment, illness, death, or property loss.
What are the advantages of credit card? : The advantages of credit cards. Credit cards are convenient and are safer to carry around than cash. They are widely accepted online, in most stores, and are virtually indispensable for travel.
Disadvantages. Blowing Your Budget -- The biggest disadvantage of credit cards is that they encourage people to spend money that they don't have. High Interest Rates and Increased Debt -- Credit card companies charge you an enormous amount of interest on each balance that you don't pay off at the end of each month.
Disclaimer- Some contents are used for educational purpose under fair use. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. All credit for copyright materiel used in video goes to respected owner.
Excellent info well done bro.
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