i. Require an established credit record which many people do not have.
ii. High interest charged by the card companies making their use expensive/that many people cannot afford/can only be afforded by people with high income.
iii. Prone to abuse/fraud where people lose their money.
iv. Requires a minimum age of 18 years/one to be an adult to use/obtain therefore cannot be used by the many young people.
v. Holder is tempted to overspend due to the easiness of obtaining cash/credit/that leads to financial problems.
steve williams answered the question on December 30, 2017 at 13:27
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