Nowadays it is easy to apply for and be given a credit card. However, some people experience problems when they are not able to pay their debt back. In your opinion, do the advantages of credit cards outweigh the disadvantages?

Applying for and being granted a

credit

card

, is

lot

Suggestion

a lot

easier

thesedays

Suggestion

these days

.

Nevertheless

, many people face

consequences

Suggestion

the consequences

when they arrear in their debt payment. In spite of

this

, I assert that the benefits of

plastic

money

overwiegh

fail by aiming too high or trying too hard

overreach

its drawbacks, if used responsibly. As it, not only helps

in

Suggestion

with

payment of large sums easily, but

also is portable and

Suggestion

is also portable and

secure. The most significant drawback of having a

credit

card

is

accumulation

Suggestion

the accumulation

of excessive debt on a person's account. Since there is usually no limit on the amount to be

spend

Suggestion

spent

,

majority

Suggestion

the majority

of people generally overspend than their actual budget;

consequently

accumulating a debt

beacuse

for the reason that; on account of

because

of high interest rates.

As a result

, they find it difficult to pay the

bank

,

however

,

this

situation can be prevented by being more responsible while using

credit

cards.

Nonetheless

, there are numerous advantages of using

plastic

money

as it can be used to complete transactions involving huge sums of

money

conveniently and swiftly. To be precise, a person need not to carry

bulk

Suggestion

the bulk

of cash, but the amount can be smoothly

transfered

transfer somebody to a different position or location of work

transferred

using net banking in

matter

Suggestion

a matter

of seconds, which is

lot

Suggestion

a lot

quicker as compared to the past.

For example

,

majority

Suggestion

the majority

a majority

of people around the world use

plastic

money

to transfer funds directly to the

bank

account, not just nationally, but

also

while dealing globally.

Moreover

,

credit

cards are easily portable and secure in comparison with paper

money

.

Furthermore

,

use

Suggestion

the use

of electronic

money

has given a huge boost to globalisation as transactions can be done around the world with lightning speed. If the

card

is misplaced,

then

its misuse can be prevented by just cancelling the

card

; thereby making it more secure than traditional

money

. To cite an example, my father lost his

credit

card

last

year,

however

, he called the

bank

immediately to report the mishap and freezing his account, making the

card

redundant.

Thus

,

plastic

money

is way more convenient, secure and quicker than paper

money

. To conclude, I would reiterate my opinion,

although

credit

card has few

Suggestion

card has a few

drawbacks, yet its benefits massively overweigh its disadvantages. As compared to cash,

bank

cards are faster,

easy

Suggestion

easier

to

cary

move while supporting, either in a vehicle or in one's hands or on one's body

carry

and more safer.