Review:
Credit Card
overall review score: 4.5
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score is between 0 and 5
A credit card is a payment card issued by a financial institution that enables the cardholder to borrow funds for purchases or pay for goods and services based on the promise to pay back the borrowed amount with interest.
Key Features
- Convenience
- Rewards programs
- Build credit history
- Emergency funds
Pros
- Convenient for making purchases online and in-person
- Can earn rewards or cashback on purchases
- Helps build credit history if used responsibly
- Provides emergency funds for unexpected expenses
Cons
- High-interest rates if balance is not paid in full each month
- Potential to accumulate debt if not used responsibly
- Risk of fraud or identity theft