Question

Which is an advantage of paying with a credit card?

A.
safe in the mail

B.
no opportunity to overspend

C.
helpful in emergencies

D.
has a secure PIN

Answer 1

Credit cards do not use personal identification number or PIN. One advantage of it is that you are able to borrow money from the bank/lender at an interest, which is helpful when you are in need. Another advantage of using a credit card, assuming that you are able to pay off your debt on time, is that overtime you are able to build credit - something usually referred to as the borrowing/purchasing power.
Despite these advantages, one problem with credit card purchase is that usually they impose a very high interest rates (APR), which can accrue dramatically if one is unable to pay his or her debt immediately.