There are people who love credit cards and people who hate them. People on both sides of the credit card fence have a point. If you’re trying to decide whether to get a credit card or whether to nix credit cards altogether, consider these pros and cons.
The Pros of Credit Cards
#1. Faster to use.
# 1. 使用起来更快捷
Compared to cash, credit cards are much faster to use. Swipe your card and you’re done in seconds.
#2. Ability to pay in installments.
# 2. 能够分期付款。
While it’s best to pay your credit card balance in full each month, you do have the ability to pay off your balance over a period of time.
#3. The credit boost.
# 3. 信贷增长。
If used correctly–making your payments on time and keeping your balance low–credit cards help you build a good credit score that you can use to qualify for a mortgage or auto loan.
#4. Funding for emergencies.
# 4. 为紧急情况提供资金
While not the best option for covering an emergency, a credit card can help you cover an unexpected expense if you can’t afford to pay it from savings.
#5. Ability to earn rewards that can be used for cash, gift cards, miles, or other merchandise.
The more you use your credit card, the more rewards you earn. You can redeem your rewards as you go or save up for a bigger redemption.
#6. Ability to finance items for free when you take advantage of interest promotions.
Many credit cards come with 0% interest on purchases and balance transfers for an introductory period of at least six months. This gives you the convenient ability to pay off your balance over time without incurring an extra cost for the convenience.