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The pros of using credit cards for everyday spending include:
Convenience: Credit cards are widely accepted and make it easy to make purchases without having to carry cash.
Rewards: Many credit cards offer rewards, such as cash back or points, for purchases made with the card.
Credit building: Responsible use of credit cards can help build a positive credit history, which can be beneficial when applying for loans or other credit in the future.
Purchase protection: Many credit cards offer purchase protection, which can provide coverage for lost or stolen items, or if the item is damaged or defective.
The cons of using credit cards for everyday spending include:
High-interest rates: Credit cards often have higher interest rates than other forms of credit, such as loans, which can make it more expensive to carry a balance.
Debt: It is easy to overspend with credit cards and accumulate high levels of debt if not used responsibly.
Fees: Some credit cards come with annual or other fees, which can add to the overall cost of using the card.
Temptation: Credit cards can make it easy to impulse buy, which can lead to overspending and financial trouble.