Credit Cards Advantages
1) Convenience – Credit Cards are very convenient in the sense that you don’t need a wad of money to purchase something.You don’t need to make sure that you have enough money,count it and then buy it.You don’t need to have enough wealth to buy something.You just need to pull out your card,swipe it and the thing is yours
2) Allows Online Purchases and Sales – Credit Cards have become an essential part of our internet economy and e-commerce as things can be bought online only through credit cards.Its not possible to pay by cash over the Internet so Credit Cards are essential if you buy things online.
3) Gives Rewards/Cash Back in some Cases – Credit Cards give rewards for high usage such are airline tickets and other goods.You generally get some points for each time you use a credit card.These points are acccumulated and in the end you can buy something with those points.
4) Free Credit for a Limited Period – Credit Cards have a time period between billing and paying your bill in which the credit card does not charge you an interest.This interest free period is a benefit of the credit card as you save on the interest.
5) Saves on Not Carrying a Ton of Cash – For big purchase which needs thousands of dollars,carrying a large amount of cash is dangerous and difficult.For such purchases,Credit Cards are very useful as for $1 or $100,000 you just need the same old credit card
6) Allows a Large Purchase in case of Emergency – Credit Cards allow you to pay for an emergency when you don’t have enough moneny.In case of a medical problem where you need to pay something immediatly,a credit card can be very useful.
7) Foreign Currency Transactions Ease – Credit Cards can be used in foreign countries without converting your money into foreign currency.Though this involves some cost,it is more convenient.
8) Protection in case of Theft or Loss of Credit Cards – Credit Cards have 24/7 helplines where you can report the loss or theft of your credit card.This allows the credit card to be blocked so that someone else cannot use your credit card.
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