Credit cards can generally come in handy when you're short on cash. The concept is somewhat similar to taking out a short-term loan since you get to "buy now and pay later." Aside from being able to instantly make large purchases — at least depending on your credit limit — credit cards are also quite useful during emergencies.
However, if you're not careful in using your credit card, you might end up being mired under a huge amount of debt. There's a psychological factor to making instant purchases without taking physical money out of your wallet: you can have a tendency to forget that you actually paid for something. Before you know it, you've acquired an unmanageable amount of outstanding credit card balances.
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