• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Advantages of using credit cards

Extracts from this document...


There are many advantages of using the credit cards in our life. First, they allow us to make purchases on credit without carry a lot of cash. Nowadays, the public security of our country is not safe and peace. So, we will having dangerous if we brought lots of cash went out. But using the credit card is more protected and safe. For example, when we have the credit card in our wallet, we don?t have to carry many cash that can be stolen or lost. ...read more.


If we found that the credit card is lost or stolen, we can report the missing card to the credit card company. Then, the company will stop accepting any charges on our card. So, we won?t be charged for purchases made by someone else. We can also withdraw cash from many branches of the issuing company of from a variety of ATM?s all over the word. Besides that, using the credit card is best for the people who are planning to expand their business as a company which uses the payment option usually results in a more rapid customer payment turnaround and the statement. ...read more.


Now would the sellers rather wait for the money and slow down their business or rather provide the customers with a quicker and more convenient way to pay them back. Next, using the credit card builds a good credit history. If we use our card responsibly, we can begin to build a good credit rating for ourselves. Later in our life, when we need a loan, a lender will want evidence that we pay our debts. A good credit card will help us to get the loan. A poor credit history will work against you. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Accounting & Finance section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Accounting & Finance essays

  1. Complete Report on Askari Commercial Bank

    Lockers * Small Size Lockers * Medium Size Lockers * Large Size Lockers 4. Fund Based Loan * Running Finance * Cash Finance * Term Finance * Staff Finance * Askari Personal Finance * Trade Finance 5. Non-Fund Based Loan * Letter of Credit (LC) * Letter of Guarantee (LG)

  2. Management Accounting Report.

    Method of investigation (Break-even) To investigate this problem I am going to use: 1. Table 2. Graph 3. Calculation Findings (Break-even) The costs shown below are the main costs that I will use to carry my investigation. * Material cost - �20 per unit * Labour cost - �15 per

  1. This report has been produced as evidence for Unit 9 - 'Financial Services' - ...

    During this time, no matter what happens to interest rates, your repayments stay the same. A variable rate mortgage can go up or down depending on what happens to the Bank of England base rate in the meantime. Flexible mortgages Other types of policy that are growing in popularity are flexible mortgages and current account mortgages.

  2. Responsible accounting is the ability to conduct business in a way that is not ...

    The example for this type is that a CPA firm tax department allocates its costs to the clients. So, if you get your taxes done by a CPA firm then the amount that you are charged will have some of the allocated costs added into it (1).

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work