Pros and Cons of a Credit Card
I've been hearing from friends and colleagues how they don't have a credit card until now because they are afraid of having one. The idea of maintaining a credit card is really scary, especially for younger generations. I noticed among my gen Z friends how they prefer to pay cash than credit, without knowing the perks and advantages of using the latter. I got mine out of necessity at work which I primarily used during unexpected situations or purchases where I don't have enough cash. It made my life easier. I paid urgent office expenses using my card, then processed the reimbursement before it is due. It helped me pay the important transactions without having to shell out money from my own pocket! My credit card also allowed me to purchase big ticket items for myself. Instead of paying my phone in cash (which used to cost the same amount as my monthly salary), I can use my card to pay it in affordable monthly installments with reasonable interest rates. I also helped my par...