Credit Card Advantages
Posted on November 7, 2009
Filed Under Credit-card |
With the inventions of numerous credits by Chinese included chopsticks, gunpower, paper and paper money, and umbrellas.
With early American capitalists, coming up with plastic money were the honors lamentably, (from the Chinese point of view).
The inventor of a first bank issued card, John Biggins, had his first eureka moment in 1946, credit cards have evolved to become one of the most versatile ways of paying, and this is why.
Once issued with a credit card, the need to carry around unsafe, dirty and bulky cash has significantly declined. I say declined because some small scale merchants (who perhaps are scared of technology) will still want to be paid in cash. Further, credit cards intends to build up a credit history for the ones that always pay on time.
Some countries such as UK, if you buy goods using a credit card and the goods turn out to be faulty, they are usually insured for a period of time, say two months, and you can be paid even for total loss. Credit cards are safe, and even if gun-totting robbers help themselves to your wallet, you can simply call the credit card company and cancel the stolen card.
Another thing about having credit cards is that you can keep track of your transactions, and this makes it easy to keep track of your expenses.
In summary, plastic money is here to stay.
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