A credit card can be advantageous to us since it becomes an asset to our lifestyle, but if not handled carefully it can be a liability, especially if you lose the control of splurging. The benefits include free use of funds, more convenient to carry than money and may give you incentives such as reward points. On the contrary, a credit card can be disadvantageous because it can cost much more than any form of credit such as personalmoneynetwork.com or personal loan, if you don't pay on time. Furthermore, it allows you to create debts that you cannot sometimes handle. Therefore, better seek better credit card company that offers lower interest rate. Choose wisely.