advantages and dis advantages of credit cards
Advantages and dis advantages of credit cards
More and more people are using credit cards now a days .As the number of people using credits cards rises, also the number of people with bad credit rises .Instead of carrying a wad of cash in your wallet it’s not really hard to think about carrying something small and convenient .How about a small piece of plastic that’s about four inches long. More people are using plastic currency more than paper. But before you think about of just getting just any credit card, you need to have credit first. Without having a credit history it will be very difficult or even frustrating when trying to obtain. An average American has about seven credit cards with a balance of about $2,500 .An average credit score is 620 to 679 this number is not specific, this varies from state and gender. Credit card companies are targeting, well not really targeting but draw in college students. From 2012, 21 percent of the average college student would have a credit card but, in college seniors that percentage raised to 60 percent. If you are 21 or younger it will be more difficult, you will also need a cosigner with good credit. Ever since the late 1800s credit has been used but instead of a piece of plastic, credit coins and charge plates were being used. Oil companies and department stores started issuing their own proprietary cards. According the master card, John Biggins a banker in Brooklyn introduced the first bank card in 1946 which was named “charg-it”. When the card was used for a purchase, the bill was forwarded the Mr. Biggins’ bank. The merchant was reimbursed and obtained payment from the customer.
The most important advantage of using a credit card is convenient. People can use credit card buy anything everywhere. For example, supermarket, drug store, clothes store, shopping center, restaurant….all general place are accepted a credit card. Moreover, people can remote purchase any products that they want, for it enables people to
More and more people are using credit cards now a days .As the number of people using credits cards rises, also the number of people with bad credit rises .Instead of carrying a wad of cash in your wallet it’s not really hard to think about carrying something small and convenient .How about a small piece of plastic that’s about four inches long. More people are using plastic currency more than paper. But before you think about of just getting just any credit card, you need to have credit first. Without having a credit history it will be very difficult or even frustrating when trying to obtain. An average American has about seven credit cards with a balance of about $2,500 .An average credit score is 620 to 679 this number is not specific, this varies from state and gender. Credit card companies are targeting, well not really targeting but draw in college students. From 2012, 21 percent of the average college student would have a credit card but, in college seniors that percentage raised to 60 percent. If you are 21 or younger it will be more difficult, you will also need a cosigner with good credit. Ever since the late 1800s credit has been used but instead of a piece of plastic, credit coins and charge plates were being used. Oil companies and department stores started issuing their own proprietary cards. According the master card, John Biggins a banker in Brooklyn introduced the first bank card in 1946 which was named “charg-it”. When the card was used for a purchase, the bill was forwarded the Mr. Biggins’ bank. The merchant was reimbursed and obtained payment from the customer.
The most important advantage of using a credit card is convenient. People can use credit card buy anything everywhere. For example, supermarket, drug store, clothes store, shopping center, restaurant….all general place are accepted a credit card. Moreover, people can remote purchase any products that they want, for it enables people to