Credit card is very popular nowadays. You can check to different companies that almost every employee’s own or maintain personal credit cards. In Philippines, agents of this business are increasing as the industry is also doing well.

Credit card is a complex subject to discuss. There are many things involved with this and one of that are the advantages and disadvantages of its uses. Here are the lists of advantages:

1. It is Important in times of emergency.  There are times that we are short of budget and we needed money badly. The last resort is to use our personal credit cards, particularly if we are going to use it to buy medicines, food and other important stuff.
2. We do not need to bring large amount of money, when you are going to go out for pleasure or business.
3. Mostly there are appliances that we cannot afford to buy in cash but you believe it is necessary in your place or office. Credit card is an alternative way to have that thing. In fact, there are companies who are offering installments without or with zero interest.

Disadvantages:

1. Over use, it is not good to abuse anything and using overly of your personal credit card is like abusing it. If you think, you cannot pay it in the agreed period. Then it is best to stop and leave the card at home
2. Spending more than your income, the tendency of feeling secured that you can spend more because you are safe with the help of personal credit card is not good. It is like spending more than your resources.
3. Buying things that are not so important, many have the thinking that using credit card is like spending extra money. The result is they are going to buy stuff, which were not necessary.

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• disadvantages of having to many credit cards

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