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Pros: you can get money upfront to buy houses or cars that you normally would have to wait and save for and then you can pay it off. Good credit score can get you discounts and better deals on things. It's easier to use than keeping cash on you all the time.

Cons: you can be in deep financial trouble if someone gets a hold of it that shouldn't. It is easy to overspend and spend much more than you are able to pay which can put you in heavy debt. If you misuse the card then it can prevent you from getting good rates on buying houses or cars.

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Q: What are the pros and cons of credit cards?
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