What are the disadvantages of a credit card?

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2026-03-25 02:10

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On a personal basis, the disadvantages of a credit card depend on the spending habits of the person owning the credit card. What is meant by this is that a person who over buys items and understands that no cash is immediately required has a tendency to increase the debt owed to the credit card company. This is made worse if the individual only pays the minimum balance per month the credit card company requires.

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