as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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what are the pros and cons of having credit cards?
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the pros of having credit cards include convenience, improved credit score, protection from fraud, cashback rewards, and the ability to build credit history. the cons of having credit cards include potential for debt and overspending, high interest rates, and costly late fees.
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