Credit Cards Essay Examples

credit cards among college students is are rapidly increasing. This can be attributed to the benefits these cards have, i.e., they are very convenient, come in handy during emergencies, safer to carry around compared to cash and give a record of the purchases done for easy tracking of one’s spending. However, these benefits often come at a cost and if not careful one may get in the short term and long term financial and psychological problems. According to Fay, at least 86% of students in college possess a credit card and the average credit among these students is $4,100 (2). This statistics is concerning, and therefore college students should be aware of some of the risk associated with bad credit...

Credit Cards Author’s Name Institutional Affiliation The Advantage and Disadvantages of Credit Cards Draft copy Credit cards offer convenience to users in that they don’t need to carry significant amounts of money from place to place so as to purchase something. Carrying large sums of money might be dangerous as one may be susceptible to a mugging by thugs. Credit cards ensure that you can buy whatever you want by just swiping your card. They also offer instant cash when you don’t have the necessary money to buy a particular item that you urgently need or pay for vital services in case of emergencies. You don’t need to have money in your card to purchase. As the credit card provider...