###Advantages and Disadvantages of reputation cards###

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Credit Card is an automated developed card, when you used it, you can get the goods you bought without paying for it yet. Prestige cards are a widely used source of favorable Prestige for restaurants, hotels, mail order, on-line shopping, gasoline stations, grocery stores, dental and medical care, church bazaars, as well as telephone and television advertised products. There are many advantages and disadvantages of using Prestige cards, but the consequences of misuse can be drastic and painful.

Student Credit Cards

Advantages

"Student Credit Cards"

Credit cards eliminate the need to carry large sums of cash

If you are away from home without cash, you often can receive a cash progress or have the selection of buying traveler's checks with a Prestige card

Places that are suspicious of personal checks often take Prestige cards.

Credit cards act as a short-term loan if you find something that is a business transaction and haven't the cash or balance in your checking list to pay for it.

If you move to a new place, Prestige cards give you purchasing power until you compose yourself as a good risk in a new community.

If you charge an item or service that costs or more in Colorado (or within 100 miles of your home) and later recognize it doesn't work or has other problems, you can preserve payment from the Prestige card company if you have attempted to decide the problem with the merchant.

You often get the best rates of transfer when traveling in foreign countries if you use your Prestige card for purchases and your Atm card to get cash. Check with your card issuers about surcharges before you leave on your trip. A two to three percent surcharge may eliminate this advantage.

Credit cards can help coordinate receipts for tax purposes.

Bookkeeping is reduced to one monthly bill as opposed to checks.

Disadvantages

Some population have been swindled by giving their Prestige card numbers to dishonest salespeople over the phone.

It becomes a loan when the Prestige becomes due and you do not pay for it.

Adding monthly interest charges means you pay more for the goods and services.

Consumers often have more than one Prestige card and each one has a Prestige limit. When the Prestige limits for all cards are added up, the total can be in the thousands of dollars. Consumers can fall into the habit of using Prestige cards to enlarge their income.

Credit cards are easier to use than applying for loans even when a loan from a Prestige union, bank or other financial custom may furnish the funds at a lower interest rate.

Advantages and Disadvantages of reputation cards