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TOPIC: CREDIT CARD PRO’S AND CON’SDISCUSSION PROTOCOLS:TURN AND TALK WITH YOUR NEIGHBOR AND AGREE UPON ONE PRO OR ONE CON OF USING A CREDIT CARD ALONG WITH WHY ON A STICKY PAPER.NAMES: PRO OR CON: WHY?When you tally up the pros and cons of?credit cards, a couple of things are clear. There are many reasons to use a credit card, from convenience and credit building to 0% financing and rewards. But considering how easy it is to overspend with a credit card, how expensive credit card debt can be and how missed payments can hurt?your credit score, there’s also reason to be cautious. We rack up billions of dollars in credit card debt each year, for example. And anytime you’re 30+ days late on a payment, it’s noted on?your credit report?for seven years. Most importantly, though, the advantages of credit cards vastly outweigh the disadvantages for most people. You don’t even need to make purchases with a credit card to benefit. Just educate yourself on what to do and what not to do, and you’ll be alright.RankTop 10 Credit Card ProsTop 10 Credit Card Cons1Credit BuildingOverspending and Debt2ConvenienceFraud3RewardsFees4Pay Over TimeFine Print5Theft ProtectionVague Approval Requirement6Online ShoppingToxic When Misused7Hotel & Rental Car ReservationsDeferred Interest Financing8Balance TransfersShort-Term Credit Hit9Travel InsuranceNo Business CARD Act10Cheap Currency ConversionNo Preset Spending Limit ................
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