“Credit” card, as the name says, is used instead of cash purchases. They reduce the risk of carrying cash, which are easily lost, and increase the comfort of payment. Payment through these cards are electronic, thus the calculation of price and payment is done all by itself and the money is automatically taken from your bank account and the intimation is send to the credit card holder by the bank. They also serve as an identity to the user.
Generally, credit card companies provide incentive or bonus to the holders depending on the amount of their credit purchase which can be used for purchasing more things for the same amount. If the card holder has a positive credit history, it can increase the ability to get loan, rent apartment, build credulity or even get a job. Credit cards reduces the onus of keeping track or records. It is important that these cards are put to a proper use in order to gain their true benefits.
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