What are the benefits and drawbacks of having a VISA card Speech

Document Type:Speech

Subject Area:Law

Document 1

Next follows the benefits of using Visa card as I have discussed below: i. I believe using a visa credit card is essential as it fastens the speed of acquiring products and goods. With the credit card you can be able to purchase any item then you pay later, over a specified period. ii. I also found out that it is a safer way of to carry money as compared to carrying cash or a cheque. The act has several sections aimed at protecting against hiking of limited interest rate, provision of clear due dates, no double-cycle billing and the law put limits on fees charged on over-the-limit. Another law also which came into use in 2009, is the law protecting credit card holders by prompting credit issuers to give the users more time to make payments on a monthly basis.

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