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Why do we use credit cards?

Why credit cards? Why not use Cash?

  • how come people use credit cards? why not cash? what are the benefits for credit cards?

  • Answer:

    For starters, I don't have to carry cash. This means no trips to the bank to get cash. I use my credit card for everything and take advantage of the interest free grace period between the purchase date and the statement due date. Then pay the entire balance by the due date. Since my cards are cash back reward cards, they literally pay me to use their money interest free. Why in the world would I use cash? Other very good reasons: Business expenses that are reimbursed by employer Reservations for hotels, car rentals, and airline tickets. Online purchases Most people actually pay their balances in full every month and don't carry balances. Not everyone runs up big balances and lives beyond their means.

steven t at Yahoo! Answers Visit the source

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Credit cards can give you rewards for using them. As long as the person pays the balance off every month, it's pretty much the same as cash. The bad part is the interest :| I don't like carrying cash myself because it's much harder to replace when stolen. I save credit cards for big purchases. Debit card ftw.

compact , no headache of cash security

Because most people can't afford large purchases at once. Most people don't have $2000.00 lying around to purchase the new TV they want. However, they can afford a monthly payment to pay it off. It also helps establish credit so that you can get approved for other large purchases later in life, such as vehicles and houses.

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