<human>:  What are the pros and cons of getting a credit card?
<bot>: 
Pros of getting a credit card: 
 • Convenient way to make purchases without carrying cash
 • Establishes credit history and can help improve credit score
 • Allows consumers to take advantage of rewards and benefits such as cash back
 • Helps build discipline by encouraging individuals to keep track of their spending 2

Cons of getting a credit card:
 • High interest rates and fees
 • Increased risk of accruing significant debt
 • Often makes it easier to overspend
 • Potential for identity theft if the card is used fraudulently