Question

Although credit and debit cards offer a number of conveniences, what would you consider the greatest concern in using them to conduct your financial transactions and why? Provide references to support your position.

Answer 1

Concerns of using credit card and debit card for financial transaction would be as follows-

A. there has been security related concerns when we are using the credit card and debit card

B. there has been theft of data by various third party software and they will be revealing the personal informations.

C. There has been a habitual shift of expanding more than income due to use of these cards.

D. Credit card often makes an individual debt addicted and he will be e having a lot of problems in financial management

E. Use of these cars are also subject to theft of data and they are also subject to leak of private informations.