Nowadays it is easy to apply for and be given a credit card. However, some people experience problems

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 debts back. Do the advantages of credit cards outweigh the disadvantages? hay nhất giúp bạn có thêm tài liệu tham khảo để viết bài luận bằng Tiếng Anh hay hơn.

Nowadays it is easy to apply for and be given a credit card. However, some people experience problems

Đề bài: 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 debts back. Do the advantages of credit cards outweigh the disadvantages?

Nowadays it is easy to apply for and be given a credit card. However, some people experience problems - mẫu 1

In the modern era, obtaining a credit card has become a simple process, granting individuals greater access to funds and enabling them to make purchases with ease. Despite the potential issues that may arise for those unable to repay their debts, I believe the advantages of credit cards significantly outweigh the disadvantages.

One of the primary advantages of credit cards is the convenience they offer. Credit cards enable users to make purchases without carrying large sums of cash, minimizing the risk of theft or loss. Additionally, credit cards allow individuals to make purchases online or in foreign countries, simplifying transactions and increasing accessibility to a wider range of products and services. Furthermore, credit cards provide financial flexibility, as they enable users to cover unexpected expenses and pay off the balance over time, thereby easing potential financial stress.

Another notable advantage of credit cards is the consumer protection they provide. Many credit card companies offer features such as fraud protection, allowing users to dispute unauthorized charges and avoid financial loss. This added security promotes consumer confidence in making transactions, both online and in person. An example is the fraud protection feature provided by Visa. Imagine a situation where a cardholder discovers a fraudulent online transaction. Visa's fraud protection policy allows this cardholder to dispute the charge, and after a brief investigation, the credit card company confirms the transaction was indeed unauthorized.

In conclusion, while the misuse of credit cards can result in financial difficulties for some individuals, I believe that the advantages of credit cards outweigh the potential drawbacks.

Nowadays it is easy to apply for and be given a credit card. However, some people experience problems - mẫu 2

Credit card or plastic money is the latest phenomenon and offer a very efficient way to do transactions without handling the actual money. The booming of banking sectors in recent years, on the other hand, has made it possible to apply for and get a credit card more easily than ever before. While the credit card offers a risk-free and convenient way of shopping or making any transactions, it has its demerits like becoming defaulter to the bank. My belief is that credit cards have far more advantages than the disadvantages they offer.

Initially, the credit card is easy to carry and possesses little risk of robbery and pickpocketing. The security system of a credit card makes it virtually impossible for a thief to steal someone’s credit card and use it. On the contrary, carrying a large sum of money is quite risky. From this regards, plastic money or better known as the credit card has made it possible to do hassle free transactions.

Secondly, by nature credit cards allow people to take credit from the bank and purchase their necessities from shops. From this perspective, it offers great economic freedom to people. Online shopping or e-commerce business has become so popular because of the online credit card transaction facilities. Many small online shops can run their business and get payment instantly only because of the innovation of credit cards and online payment. A shop owner is no longer doing local business and his customers come from every corner of the world and thanks to the credit card for making this happen.

Finally, the credit card allows banks to mobilise money, and this is quite an important aspect of the economic growth of a country. Think about the millions of transactions happening every hour via credit cards and their impact on mobilising the money and that would allow you to fully appreciate the importance of credit cards in the global economy.

Undeniably there are some disadvantages of credit cards especially when people cannot repay the amount they have already spent or when they are hacked. However, this cannot degrade the usefulness of plastic money in the modern era. Banks should never grant credit cards to people with bad credit records or to someone who does not have the economic stability to actually afford it. In fact, the credit limit imposed on every credit card actually does restrain people from being extravagant and becoming a bad creditor.

In conclusion, every technology has some negative aspects and that does not make the technology bad itself. Bank authorities should make strict rules about allowing credit cards to someone, and people should be more frugal when spending money they are obliged to return. Credit cards have so many advantages that make our life easier while the negative impacts could easily be controlled.

Nowadays it is easy to apply for and be given a credit card. However, some people experience problems - mẫu 3

The world today has become a majorly cashless society and the use of plastic money has crept in. Plastic money as one refers to it means the use of credit cards and debit cards instead of real paper money. Credit cards have made people’s lives easier since they have reduced the use of paper money to quite an extent which in turn has made the mode of payment simpler with just a swipe.

Many countries including India as well, most of the people have credit cards as they are very easy to obtain from the banks which issue them. People from all walks of life, be it a student, a businessman or even a homemaker have a number of credit cards with which they make everyday payments for something or the other. The best part about owning one is that a person does not have to carry cash all the time and is also less time-consuming as no money needs to be withdrawn from the account for any payments. These days all kinds of payments can be made with a credit card via the internet whether it is shopping online or payment of bills. Even if people do not have sufficient money in their savings account, a credit card can be used for payment up to a certain limit.

Though a credit card may seem the need of the hour by many people in this seemingly cashless society, it may have certain repercussions like overspending. People who are impulsive shoppers may spend money uselessly on items that are not required by them just because they have the capacity to pay via a credit card though they do not actually have the money. This creates debts for such people which leads to the accrual of debts. The return of the money overdrawn on a credit card attracts an interest, late or non-payment of this will lead to this interest being added to the actual amount. Hence, people will fall into debt unable to come out of it which might also lead to legal consequences as well.

In can be concluded that a credit card does make life easier for people in terms of payment for purchases made in today’s era but one should be careful not to be too free in its use and have a frugal attitude towards its usage.

Nowadays it is easy to apply for and be given a credit card. However, some people experience problems - mẫu 4

In today’s modern society, the use of credit cards is ubiquitous, which leads people to question whether this is a beneficial development. I think the advantages of credit cards far outweigh their disadvantages.

Having a credit card guarantees many benefits for you. The first benefit is that it reduces cash usage, which means being safer and more convenient for cardholders. For example, cardholders conveniently do not have to carry around lots of cash, which means that they are at a lower risk of being robbed. Another reason why credit cards are safer than cash is that they have PINs, which discourage thefts. The second benefit is that, because each bank now has its credit card, they offer various unique features to appeal to their customers. For example, most credit cards have a cashback or reward program. This cashback can save cardholders lots of money when grocery shopping, while the reward points can sometimes be converted to free trips or hotel bookings.  

However, there are still some drawbacks to having credit cards, which is why many people still choose to pay by cash. The tendency to overspend is one major problem with credit cardholders. Because credit cards allow users to spend more than the amount in their account balance, many users indulge in their spending, thus incur debts when they cannot pay back by the end of the month. Another problem is that credit cards are often targets for scams. Many people carelessly share information that might be answers to their security questions, like their relatives’ names, or the model of their first car, which makes scammers’ jobs easier. Another mistake when using credit cards is to take pictures of your credit card number, along with the PIN, since it is easy to hack into your phone to retrieve this information.  

In conclusion, although credit cards have their drawbacks, like the risk of overspending or being targets of scammers, I still think that the convenience and safety that it offers far outweigh its disadvantages.

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