Question

What is a disadvantage of using credit cards compared to other forms of

payment?
OA. They cannot be used to build credit.
B. They offer protection from fraud or loss.
C. They may encourage overspending and debt.
D. They don't provide a way to pay for large purchases over time.
SUBMIT

Answer 1

Credit Card Disadvantages-Debt



What is a disadvantage of using credit cards compared to other forms of payment?

A disadvantage of using credit cards compared to other forms of payment is that it can lead to high levels of debt if not used responsibly. The ease of spending with a credit card can make it easy to overspend and rack up large balances that can be difficult to pay off. Additionally, credit cards often have higher interest rates than other forms of credit, such as personal loans, so carrying a balance can be costly.

Answer 2

C

Explanation:

Credit cards can be used even without the money in hand. This can lead to continually swiping your credit card and over time gaining debt due to being unable to pay the monthly payments on the items.