human
What are some of the advantages and disadvantages of having a credit card?
assistant
Advantages: 
1. Convenient to use – you can make purchases online or in person without carrying cash.
2. Builds credit history – each time you make a purchase, your credit score increases.
3. Rewards points – many cards offer rewards points for certain types of spending, such as airfare and hotel stays.
4. Protection against fraud – if someone steals your credit card number, you may be able to get it blocked.Disadvantages:
1. High interest rates – credit cards usually come with higher interest rates than other forms of borrowing, like loans from family members or friends.
2. Fees – many credit cards have annual fees that can range from $50-$100.
3. Balance transfers – transferring debt from one credit card to another can result in high interest charges.