There are a range of good reasons for owning a credit card. However, in the wrong hands, credit card misuse can lead to financial hardship. You need to understand credit card advantages and disadvantages to get the best value for your money.
A credit card is an easy way to borrow cash for a purchase you wish to pay off over a number of months. They are an essential item for most people, with the advent of internet shopping and bill pay methods rapidly superseding traditional retail shopping and over the counter transactions. Credit cards are also great for business and travel, and are accepted world-wide for a huge range of purposes.