Are credit cards beneficial?

It is believed that since its invention, the credit card has gained a great number of followers. There are people who feel very comfortable with their credit cards because they say it allows them to acquire a great range of products. However, there are some others who claim that this plastic money is not as beneficial as it is believed. In spite of these controversial opinions towards credit cards, no one can deny the fact that this virtual money has gradually achieved an essential role in people’s life.

To begin with, it is widely known that credit cards have gained great popularity through the years. People’s every day life and comfort are intimately attached to this pseudo-money due to its unlimited use. “We can get whatever we need whenever we want to” they say. All types of shops such as bookstores, shoe shops, and drugstores use credit cards. It seems as if people are no longer concerned about not having cash in their pockets. Moreover, this virtual money is somehow a useful device for travellers; by this means they may avoid the risk of robbery when taking cash with them.