Why People Use Credit Cards Essay

Why People Prefer To Use Credit Cards

You have a choice of paying by cash, debit card, online account or credit card. If you do not have money in your bank or online accounts, then either you go without, or you use your credit card. But, what about the people who have money in their bank account and still use their credit card.

Are they tempting fate by inviting the potential for problems? After all, one unexpected expense, and the credit card user won’t clear his/her balance…and before you know it…credit card debt. Here are the most common reasons why people with money in their bank account may still use a credit card.

Some Credit Cards Offer Cash Back On Certain Purchases

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Suffice it to say that properly managed credit card use may improve your credit rating, and responsibly using XXXXX may help you improve your credit rating with your credit card.

Most Credit Cards Offer Fraud Protection

This fact alone is often enough of a reason for some people to prefer their credit card over their debit card. If you report an unauthorized charge to your police and your credit card company, and they find no evidence that you lied, then you usually get your money back. There are numerous terms and conditions, such as not paying if you were negligent, but usually you get your money back.

Some Credit Cards Are Better Used In Foreign Countries

Some credit cards allow you to spend in a currency that your debit card doesn’t carry. Some credit cards are preferred in other countries rather than your non-national debit account. Some foreign countries are smothered with corruption where you need the fraud protection that your credit card has.

Most Credit Cards Have Purchase