Advantage and Disadventage of Credit Card

• Advantages
  The main strength of a credit card would be that it is accepted world wide. The cardholder can use its card anywhere in the world as long as the merchant that they are purchasing the goods or services from accepts the card. Credit card also keeps an accurate record on every transaction that has been made by the cardholder during the month. Using the card online also lets the cardholder to be able to verify the payment over the web in real time. It also allows customer to make large purchases and make payment in monthly installments.
  
  
• Disadvantage
  By using a credit card the card holder may overspend if they are not able to keep track on the amount that they have spent. If the card is lost the card holder will have to pay in order to get a new card. Credit card also imposes high interest rates for any outstanding balance that the card holder may have.
  

Reference:

http://www.themint.org/owing/advantages.php