Pros and Cons of Credit Cards and Lines of Credit
Credit Cards:
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Pros:
- Can be used at the point of sale.
- Typically have a lower interest rate.
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Cons:
- Tend to have higher interest rates compared to lines of credit.
Lines of Credit:
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Pros:
- Can be used at the point of sale.
- Typically have a lower interest rate.
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Cons:
- Tend to have higher interest rates compared to credit cards.