In business, many places adopt a credit sys
tem, which dates back to ancient times. At present,
purchases can be made by using credit cards. They
fall into two categories: one has (1)______ use, while (1)______
the other is accepted almost everywhere. The application
for the use of the latter one must be made at a
(2)______. (2)______
Once the customer starts using the card, he
will be provided with a monthly statement of
(3)______by the credit company. He is required to (3)______
pay one quarter to half of his credit (4)______ every (4)______
month.
Advantages. 1. With a card, it is not
(5)______to save up money before an actual purchase (5)______
2. If the card is lost, its owner is protected
3. A (6)______ and complete list of purchase re (6)______
ceived from the credit company helps the owner to
remember the time and (7)______ of his purchase. 4. (7)______
the cards are accepted in a(n) (8)______ by professional (8)______
people like dentists, etc.
Major disadvantage. The card owner is
tempted to (9)______his money. If this is the case, (9)______
it will become increasingly difficult for the user
to keep up with the required (10)______, which will re (10)______
suit in the credit card being cancelled by the credit company.