Which is not a positive reason for using a credit card to finance purchases?

In recent news, a study has revealed that using a credit card to finance purchases may not be the most ideal method for managing finances, despite its convenience and flexibility. The study highlights several negative reasons for using a credit card to finance purchases, which can lead to financial hardships if mismanaged.
One of the main negative reasons is the risk of overspending. Credit cards facilitate impulse purchases, often resulting in larger bills than expected and possibly initiating a cycle of debt. Additionally, charging large expenses and only paying the minimum monthly fee can quickly lead to an unmanageable balance and the risk of default.
Another negative reason is the higher risk of fraud. Credit cards can be targeted for fraudulent activities, including skimming at gas stations or shoulder surfing during checkout. Even at trusted retailers, card details can be compromised
. This vulnerability to theft can lead to financial losses and stress.
Interest charges and fees are another drawback of using a credit card to finance purchases. Carrying a balance can accrue interest, leading to financial hardships. Furthermore, those who have faced financial difficulties, like loan defaults or layoffs, may find their access to new credit cards restricted.
Credit card fatigue is another negative reason for using a credit card to finance purchases. Managing charges and payments across multiple cards can be tiring and time-consuming. Additionally, negative customer service encounters can add to the frustration.

Despite these negative reasons, credit cards can offer advantages when used wisely. They provide convenient purchasing, building credit history, rewards and cash back, fraud protection, easier budgeting and tracking, flexibility in payments, and emergency expenses coverage. It is essential to consider your financial situation and use credit cards responsibly, ensuring timely payments and avoiding excessive borrowing