Disadvantages of Credit Card While they have innumerable benefits, there may also be a few disadvantages of credit card. 1) Overspending Since credit cards offer you credit to a huge extent, there may be instances where you make unnecessary purchases of the available limit and fall in debt trap later. 2) High Interest Charges There is a very high interest rate applicable on the billed amount using a credit card, which may eventually lead you to high debts. 3) Surcharges Upon making a certain spe

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