Aiden needs to buy a gift for his friend. He uses his credit card because he knows he can pay the balance in full next week. What is an advantage of using a credit card?

Question

Gringo

Mathematics

9 October, 00:19

Aiden needs to buy a gift for his friend. He uses his credit card because he knows he can pay the balance in full next week. What is an advantage of using a credit card?

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Answers (1)

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Keith Roy · Answer 1

The main advantage of using a credit card is that you can defer your payments till your monthly bill is due on the credit card. There are sometimes grace periods too.

Anyway, you use the credit money beforehand and you pay back the money in easy installments. When it comes to paying the bills on credit cards, you do not pay the full amount immediately, but instead you pay a minimum amount along with a small interest over a period of a few months.