Pros And Cons of Credit Cards - Lexor Cerda

There are many pros and cons of owning a credit card, either them being able to suit your needs or completely destroying your credit. Usually if your an organized person it's much more simple to be able to keep a credit card in check, but for those that are not wise they can completely become destructive. There are much more pros to owning a credit card compares to the cons. The first Pro is purchasing power, which allows purchases worldwide; meaning overseas or even virtually. There are rewards as well as to owning a credit card you can earn cash back, which consist of free fights, hotel stays, etc. Your allowed to build credit, by making frequent purchases and keeping current with you payments, quickly building respectable credit history. An interesting feature that is offered is the emergency protection, that ideally provides a emergency fund equivalent to 6 to 12 months of income. Finally one of the most important forms of credit card protection is fraud protection, which provide federal protection against fraud much more than a debit or ATM cards. The Cons are very short and destructive. The first one being interest, to pay back purchased charges. Late fees is the next important thing due to easily being unorganized and missing a payment and having to pay a late fee. The most simple con is the ease of spending; meaning that everyone has the feeling to simple charge anything and everything to the simple piece of plastic, seeming not like a big deal. The pros and cons seem extremely different and discouraging, but if your an organized person. Then I highly recommend to use a credit card. Just understand the ramifications of being unorganized, because the possibly of credit being destroyed is present.