IELTS Essay Band 6.5
The use of credit cards is increasing day by day. People are relying more on credit cards nowadays than in the previous days. Credit card is a card which allows the user to pay for the things. Credit cards are offered by the banks and other financial institutes. The credit card allows the user to use the credit available on his or her credit. The credit card user can buy the things and now pay for it later. There are some advantages and some disadvantages associated with using credit card. In this essay I will assay the situation.
As I mentioned in the previous paragraph that there are many advantages of using the credit card. Firstly, the credit is very convenient. Credit card allows the user to buy the desired thing at the very moment and pay for it at a later date. It is also very convenient to carry a credit card because we can put it anywhere.
Credit card is extremely help in the times of emergency. There are times when a person runs of out of cash and cannot arrange cash at such a short notices, so then the credit card plays a noteworthy role. I still remember that I had to go to Dubai on a short notice and I did not have the money, but I had a credit card so I was able to pay for it by the credit card. We can also buy things online, by the use of credit cards. People can buy things from other countries by the use of credit card,
There are also some disadvantages associated with the credit card. Credit card is responsible for the economic meltdown of the world. With the credit card people have the facility of buying now and paying later, but most of the people do not use it wisely. People tend to buy things which they cannot afford, and that creates problems for them. There are millions of people who have defaulted on the credit card account because they bought the things which were not in their reach.
One of the major drawbacks of credit card is credit card fraud. People suffer immense losses due to online credit frauds. There are many hackers which hack different websites during the online transactions, and then use up the card’s balance. Credit card is also vulnerable to theft, as you would have certainly heard a lot of cases about credit cards stolen.
In my opinion the benefits of using a credit card outweigh the drawbacks. Credit card can be a very useful ting if it is used wisely. Even the critics would not controvert my statement and concur with my point.
excellent essay!