Pros+&+Cons+of+Credit+Cards

Pros: Cons: source: http://www.usdoj.gov/ust/eo/public_affairs/articles/docs/images/bbtn12-03chart.gif
 * More secure to carry around than cash
 * Convenient and flexible, don't have to have cash on hand, you can buy now and pay later
 * Increases purchasing power (you can make purchases online)
 * Can help build a positive credit report
 * Allows you to make purchases in the case of an emergency
 * People can easily fall into debt
 * A bad credit score can make it difficult for a person to acquire a loan or buy a house
 * Interest rates, fees, and penalties for late payments