The advantage and the disadvantage of credit card A credit card is a very useful tool and it is used all around the world. Some people believe that the credit card influences positive effects for individual finance while others claim that it has negative aspects. In this essay, I will look at both views between positive points of using the credit card and negative points of it and explain the reasons. First of all, the advantage of the credit card is that people can earn points when they spend money with it so that they can redeem to miles or any other money that the credit card company affiliates. This is one of the strong advantages because people can derive a chance for a free flight or they can drink coffee with no chargee if the credit card company co-operates with an airline company. For example, I used to drink free coffee since the points that I earned with my credit card can redeem to a gift card of a coffee shop chain. My life became a marvelous life by drinking the free coffee every morning. Therefore, the expense that they suppose to pay will reduce. As a result, their saving money will hard to decrease so that it can help the individual's finance. This is why it is helpful to own the credit card for personal finances. On the other hand, the credit card can be negative influences because people tend to spend more than the money that they have. It will hard to pay for the credit card company because the more you late payback, the more interests increase or it also can be dept. Some people need to go bankrupt due to it became incredibly hard to pay all. In addition, going bankrupt brings many inconveniences. For example, people need to leave their asset all they own. Moreover, they unable to work in some working fields such as the government office. Thus, they will have a difficulty if they utilize credit cards wrongly. In conclusion, I provided the both aspects of the effects for personal finances using credit cards. Although it has some disadvantages, I believe that people who are living in the modern society need credit cards because it gives them beneficial chances which make them happy and fun to spend their money and it can circulate economy well by making them use their money or points in many places that the credit card company connects.