Pros And Cons Of A Credit Card

Pros: Facilitates Easy Borrowing And Allows Grace Period Before Levying Interest

Helps In Building Credit History

Offers Rewards, Cashback, Travel Miles, And Other Perks

Cons: Late Payments Can Accumulate Debt And Impact Creditworthiness

Can Trap A User In Debt Crisis If Used Incorrectly

Has Hidden Charges Like Maintenance Fee And Levies High Penalties On Late Payments