Advantages of Credit Cards

Credit Cards have become the fastest, easiest and most cost-effective payment system. Today it is a widely used source of convenient credit for hotels, restaurants, mail order, on-line shopping, gasoline stations, dental and medical care, grocery stores and other telephone and television advertised products. Today there is availability of various types of credit cards. But like most things, there are advantages and disadvantages of using credit cards. So, it’s recommended to become familiar with the different pros and cons associated with credit card ownership-

Advantages of Credit Cards-

• Credit cards eliminate the need to carry large sums of cash and allow you to make purchases when cash is not available. You can use credit cards to make small everyday purchases as well as large purchases.


• Using credit cards you can purchase products and services whenever and wherever you want, without ready cash and paying it later on.


• Using your credit card wisely, will help you to build a good a good credit history. Having a good credit line is important, not only when applying for credit cards, but also when applying for things like loans, rental applications or even for some jobs.


• There are many rewards and perks associated with credit cards. Many banks and credit card institutions offers cash back, while other offers airline miles, purchase points for retail merchandise, discounts on events and free gifts from certain merchants.


• Credit cards allow convenient remote purchasing, ordering or shopping online or by phone. Many websites also allow you to pay for large purchases in small, monthly instalments.


• Credit cards prove very useful in case of emergencies. It comes in handy for emergency situations, such as your car breaking down, or to buy airline tickets and car rentals.