Merits and Demerits of Credit card.

The merits of Credit Cards: You don't have to carry cash with you (which means if you are robbed, all you need to do is phone to suspend the card and the thieves can't get any money). All the things you buy on a credit card are insured (again good if you are robbed between purchasing ajnd taking teh goods home). The card is convenient to use. Also, if you have a short-term cash-flow problem, you can use your credit card to tide you over. Demerits: There is the temptation to spend money you don't have, run up bills and incur high interest payments on the debt. Credit cards are like everything else - useful, but in the wrong hands dangerous. It's up to the individual to exercise control.