Credit Cards: A Debt Machine or Rewards Machine?
While going through different researches and opinions of people, economists, and reporters about their standings towards the use of credit cards, I found that most of their opinions about credit cards were negative, the debt these cards get to most Americans in, their high interests; however, as there are cons there are also pros about the use of credit cards and many people wrote to us the benefits of having one or two credits cards, as well professionals explain to the public how to manage better a the money of your credit card. My goal in this paper is to tell the pros and cons of credit cards and give examples of the best way to manage the money people use in the credit cards.
First, I will tell the disasters a bad managed credit card cause to majority of Americans, then the next section will be the benefits and rewards of a good managed credit card, following with examples of how to have a well credit and usage of it. I will provide articles of
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As we can see, in the 18 minutes round table, the first question they ask is ‘How many cards should you have?’ (The Bottom Line: Credit Cards) and most of the participants agreed with two credit cards per user, however, a bank executive recommended that it would be ideally have just one credit card. Every one of the four participants make their statements and positions, whether credit cards should be used but in a wise and proper way to prevent incidents as debts or just don 't get involved with them, as well they explain the importance of credit cards at crucial moments where you need money borrowed from your banks for you to pay later, but the most impactful topic was that if you use credit cards these does not just affect you, credit cards affect everyone even “the little guy at the corner store gets nailed too” (The Bottom Line: Credit