I like to highlight that credits cards are pretty popular among young people and it is almost worldwide-accepted as a payment method. The main reason to buy by credit card is that you don't have to pa

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Chris

I like to highlight that credits cards are pretty popular among young people and it is almost worldwide-accepted as a payment method. The main reason to buy by credit card is that you don't have to pay your credit card bills right now. The bank borrows you the money and you balance your account at the end of the month. That’s the reason why so many people lose the overview of their spending. Moreover, they pay high interest for the debts they piled up. All in all, paying by credit card means that you get a better currency exchange rate as well you can withdraw your money free of charge at ATMs worldwide.

Sep 30, 2021 8:49 PM

Corrections · 2

I'd like to highlight that credits cards are pretty popular among young people and accepted almost worldwide as a payment method. The main reason to buy by credit card is that you don't have to pay your credit card bills immediately. The bank lends you the money and you repay them at the end of the month. That’s the reason why so many people lose track of their spending. Moreover, they pay high interest for the debts they piled up. All in all, paying by credit card means that you get a better currency exchange rate as well, by withdrawing money free of charge at ATMs worldwide.

Great first draft. Always best to read 'the small print' of your credit card agreement, interest rates or penalties can be high, and exchange rates may be poor to fund free ATM services.

September 30, 2021

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