There are people who love credit cards and people who hate them. People on both sides of the credit card fence have a point. If you're trying to decide whether to get a credit card or whether to nix credit cards altogether, consider these pros2 and cons1.



The Pros of Credit Cards


1. Faster to use.


Compared to cash, credit cards are much faster to use. Swipe your card and you're done in seconds.

2. Ability to pay in installments3.


While it's best to pay your credit card balance in full each month, you do have the ability to pay off your balance over a period of time.

3. The credit boost.


If used correctly–making your payments on time and keeping your balance low–credit cards help you build a good credit score that you can use to qualify for a mortgage or auto4 loan.

4. Funding for emergencies.


While not the best option for covering an emergency, a credit card can help you cover an unexpected expense if you can't afford to pay it from savings5.

5. Ability to earn rewards that can be used for cash, gift cards, miles, or other merchandise.


The more you use your credit card, the more rewards you earn. You can redeem6 your rewards as you go or save up for a bigger redemption.

6. Ability to finance items for free when you take advantage of interest promotions7.


Many credit cards come with 0% interest on purchases and balance transfers for an introductory period of at least six months. This gives you the convenient ability to pay off your balance over time without incurring8 an extra cost for the convenience.

7. No need to carry cash.


The majority of places accept credit cards, which means you don't have to stop by the ATM to pull out cash before going out.

The Cons of Credit Cards


With all the benefits that come along with using credit cards, there are some downsides that may turn you off.

1. Temptation to spend more than you can afford.


Credit cards open up additional purchasing power and give you the illusion that you have more money than you really do. Studies have shown that people are more willing to spend with credit cards than other forms of payment.

2. They reduce your future income.


Each time you use a credit card–or any form of debt–you're borrowing from money that you haven't earned. A portion of your future income has to go toward repaying your credit card balance if you want to protect your credit.

3. The terms can be confusing.


A person who's not used to reading credit card agreements can easily be confused by the phrasing and the jargon9. Understanding credit card terms is important to use the credit card in a way that doesn't put you at risk of fees.

4. Fees and interest can be expensive.


Depending on the credit card and how you use it, your credit can cost hundreds of dollars over the course of a year. This is why understanding the credit card terms is so important – so you know how to avoid credit card fees.

5. Potential for debt.


You create debt each time you use your credit card. You can keep the debt from growing by paying off your balance each month, but if you only pay the minimum and keep making purchases, your debt will grow.

6. Misuse10 can ruin your credit score.


Your credit score is tied directly to how you use your credit card. If you run up big balances and pay your credit card late, your credit score will be impacted.





n.欺骗,骗局( con的名词复数 )v.诈骗,哄骗( con的第三人称单数 )

· The pros and cons cancel out. 正反两种意见抵消。 来自《现代英汉综合大词典》

· We should hear all the pros and cons of the matter before we make a decision. 我们在对这事做出决定之前,应该先听取正反两方面的意见。 来自《简明英汉词典》

2 pros

abbr.prosecuting 起诉;prosecutor 起诉人;professionals 自由职业者;proscenium (舞台)前部n.赞成的意见( pro的名词复数 );赞成的理由;抵偿物;交换物


· The pros and cons cancel out. 正反两种意见抵消。 来自《现代英汉综合大词典》

· We should hear all the pros and cons of the matter before we make a decision. 我们在对这事做出决定之前,应该先听取正反两方面的意见。 来自《简明英汉词典》

3 installments

部分( installment的名词复数 )


· The first two installments were pretty close together in 1980. 第一次和节二次提款隔得很近,都是在1980年提的。

· You have an installments sales contract. 你已经订立了一份分期付款的买卖契约了。

4 auto



· Don't park your auto here.别把你的汽车停在这儿。

· The auto industry has brought many people to Detroit.汽车工业把许多人吸引到了底特律。

5 savings



· I can't afford the vacation,for it would eat up my savings.我度不起假,那样会把我的积蓄用光的。

· By this time he had used up all his savings.到这时,他的存款已全部用完。

6 redeem



· He had no way to redeem his furniture out of pawn.他无法赎回典当的家具。

· The eyes redeem the face from ugliness.这双眼睛弥补了他其貌不扬之缺陷。

7 promotions

促进( promotion的名词复数 ); 提升; 推广; 宣传


· All services or promotions must have an appeal and wide application. 所有服务或促销工作都必须具有吸引力和广泛的适用性。

· He promptly directed the highest promotions and decorations for General MacArthur. 他授予麦克阿瑟将军以最高的官阶和勋奖。


8 incurring

遭受,招致,引起( incur的现在分词 )


· Many of the world's farmers are also incurring economic deficits. 世界上许多农民还在遭受经济上的亏损。

· He spoke to the Don directly, taking a chance on incurring Michael's ill will. 他直接向老头子谈自己的意见,这显然要冒引起迈克尔反感的风险。 来自教父部分

9 jargon



· They will not hear critics with their horrible jargon.他们不愿意听到评论家们那些可怕的行话。

· It is important not to be overawed by the mathematical jargon.要紧的是不要被数学的术语所吓倒.

10 misuse


· It disturbs me profoundly that you so misuse your talents.你如此滥用自己的才能,使我深感不安。

· He was sacked for computer misuse.他因滥用计算机而被解雇了。


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