Which is a disadvantage of credit?
Using credit also has some disadvantages. Credit almost always costs money. You have to decide if the item is worth the extra expense of interest paid, the rate of interest and possible fees. It can become a habit and encourages overspending.
Is having credit cards good or bad?
Credit cards are neither good nor bad. They are financial tools that must be used with care. Cards can help or hurt your finances if you dont use them responsibly. At the same time, credit cards used properly offer a convenient payment method that can build credit and earn rewards for users.