5.10C Payment Methods

 A written order to a bank to pay money from an account.

No convenience fees

You can keep track of what you spend

Safe to mail

Many places don't accept them

Inconvenient to carry around

Time consuming to fill out

Long to process

Money available immediately

No extra fees (interests)

No debt

You can run out of money quickly

You may not have much money available

No rewards points

Can be difficult to track funds

Easy

Convenient because you can do it from anywhere you have internet access

Although uncommon, financial information in computers could be taken by people who hack computers

If you buy something, you will not get it right away

You can use this if you don't want to use the money in your account in the moment

You can use it if you are low on money

You can buy things and pay off the card bill later little by little if you want

You get charged extra fees like a yearly fee and interest

You have to pay it back

If you miss a payment you get charged late fees

You can easily go in debt