বর্তমানে ক্রেডিড কার্ড সবার কাছে বেশ জনপ্রিয় হয়ে উঠছে।[Credit cards are becoming very popular nowadays.]

These days the utilize of credit card is expanding day by day. If you have a credit card, you do not have to carry cash, so you can be exceptionally secure in utilizing cash. Credit cards can construct a solid credit record, get cash back, or ensure you from fraud.

But you would be silly to think that there are as it were points of interest and no drawbacks in utilizing credit cards. Nowadays I will talk about the aces and cons of credit cards.

I will first discuss the benefits of credit cards:-

Using credit cards correctly builds your credit record. This record depends on your credit card spending. If you have a good credit history, you will get some additional benefits in terms of the services you get on the credit card. If you pay your credit card bills regularly and make good transactions, your credit score or reputation will improve. As a result, you will get additional benefits in terms of loans.

You can get credit rewards in the form of cash back or points. Many credit card providers offer special benefits if you meet certain goals within a certain period of time. You can get great deals like cashback, gift cards etc. by using reward points. Besides, you can get discounts on various card fees by giving reward points.

Credit card companies take adequate measures to ensure the security of user transactions. If for any reason you see any unwanted transactions on your card, you can immediately call the credit card provider and ask for help. Contact your credit card company to get your card blocked and a new one issued if you misplace or find your old one.

The ability to avoid carrying cash is the main benefit of using credit. Using a credit card is more practical than cash. In addition, carrying your card in your wallet is simple. In the developing world of today, credit cards are now a common way to make payments.

Using a credit card records all your transactions. You can have all your transaction information at your fingertips whenever you need it, making keeping your accounts very easy.

Credit cards also have some disadvantages like-

You only have to pay the fee if you don't use the credit card frequently. You might be concerned about unforeseen costs if you use a credit card. You run the risk of wasting your money as a result. Therefore, failing to track your expenditures could lead to the development of an overspending habit.