Credit Cards are Indispensable

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Credit cards play an important role in our lives and are indispensable. They are a part of our lives more than we think. Practically majority of our purchases are made via credit cards. No longer do we need to carry thick wads of cash in our purses anymore just to buy expensive items like cosmetics, washing machine, microwave oven, overseas holidays and such. All it requires is just our signature on the payment slip and the transaction is confirmed. We also don't have to count lots of cash to make sure they are correct before paying to the sales girl at the supermarket counter.

The transaction is easy peasy and convenient to check against the payment slip. This is how things are speed up. For your information, there are 10,000 credit card transactions made around the world every second! This is an astounding figure! Hence, I cannot imagine life without using credit cards in this day and age.

With modern technology and instant bank transactions plus internet banking, most financial transactions can be made successfully in a jiffy across borders and different countries. Today, Americans have an astounding 609.8 million credit cards in their wallets. As a scenario, if all those credit cards were to stack up, they would create a tower 288 miles high.

Also, the benefits of carrying a credit card is the ability to redeem points after a period of time when the points have accumulated. We can redeem for gadgets, watches, cutleries, bed sheets, vouchers, perfume and much more. This is to encourage you to use your credit card more often and various credit cards offer different benefits. Some have cash back rewards, others have travel plans or petrol cash back.