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Advantages of a Credit Card

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					                   Advantages of a Credit Card

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The Chinese are credited with coming        paid in cash. Further, credit cards
up with numerous inventions including       enables you to build up a credit history,
gunpowder, umbrellas, chopsticks,           but only if you always pay on time.
paper and paper money.
                                            In some countries such as UK, if you
Lamentably, (from Chinese point of          buy goods using a credit card and the
view) the honors of coming up with          goods turn out to be faulty, they are
plastic money went with early American      usually insured for a period of time, say
capitalists.                                two months, and you can be
                                            indemnified even for total loss. Credit
From the time John Biggins, the             cards are safe, and even if gun-totting
inventor of a first bank issued card, had   miscreants help themselves to your
his first eureka moment in 1946, credit     wallet, you can make hit back by simply
cards have evolved to become one of         calling the credit card company and
the most versatile ways of paying, and      canceling the stolen card. Another thing
this is why.                                going for credit cards is that you can
                                            keep track of your transactions, and it’s
Once issued with one, the need to carry     thus easy to keep track of your
around unsafe, dirty and bulky cash is      expenditure.
significantly diminished. I say
diminished because some small scale         I could go on and on, and whatever the
merchants (who perhaps are scared of        doomsday prophets say, plastic money
technology) will still insist on being      is here to stay.




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DOCUMENT INFO
Description: Everyone has several credit cards lying around. With all the talk of debt and how to get out of it, there really can be some advatages to using credit cards.
Greg Manser Greg Manser
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