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There are many benefits to using a credit card. Five (5) key benefits are summarized as follows:

* Acceptance (credit cards are the predominant form of payment at physical and on-line locations - most places take credit cards)

* Rewards (many people use credit cards to get points or miles, effectively getting paid to buy what they buy anyway)

* Fraud Protection (most issuers will not charge you a cent to refund and sort out any fraudulent activity)

* Convenience (don't have to carry around cash or checks)

* Egoism/Status (having a credit card suggests that one is "smart" in how they manage their money, even though the reality is not always so clear)

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14y ago

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