Paper Contents
Abstract
Credit cards may have both beneficial and negative effects on customerslives. Additionally, they can help build credit history, which could eventually be beneficial. Additionally, many credit cards offer rewards and other benefits to their users. On the down side, credit cards can lead to substantial debt if they are not used responsibly. High interest rates and surcharges might make it harder to pay off the payment, which can lead to financial issues. Additionally, credit cards can encourage excessive spending and impulsive purchases, both of which raise the risk of debt. By keeping an eye on their spending, paying their bills on time, and keeping their balances low, consumers may use credit cards responsibly. The potential risks and benefits of using credit cards should also be explained to them.
Copyright
Copyright © 2025 Mohan Morappa Malhanor. This is an open access article distributed under the Creative Commons Attribution License.
