Essay About Credit Card And Credit Card Company

Cash or Credit
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Cash or creditKeeping cash on hand can be a great way to avoid overspending. You can choose exactly how much cash youre willing to spend, carry it with you, and stop spending when youre out of cash. For some people, cash can “burn a hole” in their wallet meaning the temptation of easily accessible cash can lead to undesired spending. When you pay cash for purchases, you know you already have the money to buy the items. Thats unless you are using money that should be reserved for something else. Some businesses will give you a discount on the price of an item if you pay cash instead of using a credit card. Why? Because stores have to pay a fee to the credit card company for every transaction. But cash purchases can be harder to track. You can look in your wallet and have no idea where that $20 bill went! Keep receipts somewhere safe  so you can track where your money goes.When you use a credit card, youre really taking out a loan. Credit-card companies and banks that issue credit cards are letting you borrow their money when you use their cards. If you dont pay what you owe in full and on time that month, youll have to pay interest on the balance you owe. You will be in debt.The biggest advantage to paying with cash is that youre limited to how much you can spend. If you dont have the money in your wallet, youre not able to just swipe away your savings. In addition, you dont have to pay a credit card company any annual fees when you carry cash. You dont have to worry about missing a monthly payment and having your credit card company sock you with late payment fees and interest. Finally, some companies dont take credit cards; they accept only cash.This are some of facts why cash is better option than cash, my part was also about asking questions. My duty was to defend cash option.Why credit is better option than cash?Which advantages you have with credit that cash dont?How can you control overpaying? with cash you cant go in debt. would you rather save money to buy a house or taking credit and live in house which is not yours?