Credit cards - Can purchase goods immediatly and pay for them at a later date. (usally within 30 days)
Advantages
- Fast and easy to use
- more protectoon than debit card
- you can borrow for free as long as you pay before the offer ends
- can have incentives such as cash back, loyalty points or air miles
Disadvantages
- can cause a lot of interest if you dont pay off your balance
- overuse - revolving credit makes it easy to spend too much
- need to make sure you recive proper credit for incorrect or fraudulent charges
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