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What are the Credit card pros and cons?

By IndianMoney , 11 months ago

Pros: 1. Easy access to credit: 2. Building a line of credit 3. Incentives and offers 4. EMI facility 5. Flexible credit 6. Record of expenses 7. Purchase protection Cons: 1. Minimum due trap 2. Hidden costs 3. Ease of overuse 4. High-interest rate 5. Credit card fraud

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