The Benefits of Credit Cards

Many people nowadays own and use credit cards to conduct most of their day to day activities. They pay for their groceries using a credit card, buy gas, pay their bills and so forth. It is estimated that over 70% of all the financial dealings in the world take place using a credit card.

Convenience

This is one of the main reasons that most people prefer to use a credit card. It is hassle free and safer compared to walking around with a lot of money in your pocket. And with the security measures in place it is rather difficult for someone to rob you and use your credit card easily as it will be blocked once you report it as stolen. Another thing is as the world becomes increasingly digitized a lot of business is taking place over the internet making borders redundant and the only way to transact business safely over the internet is through the use of a credit card. Another benefit is when you need to claim a refund from a store. When you have used a credit card to charge the purchase you have written proof to back up your claim.

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