A credit card is a special type of payment card which enables an individual to pay for goods and services and then settle the amounts and other agreed charges with the issuer of the card. Credit cards are mainly issued by banks and other financial institutions. Credit cards are convenient as they can be used any time to purchase what the cardholder needs. Credit cards are mainly controlled by a credit line. Different individuals with credit cards may have varying credit lines. The reason the credit lines may differ depends on the credit history of the individual as well as their financial ability. There are however several benefits of acquiring a credit card. See https://www.enjoycompare.com/credit-cards/citi-cash-back-card/

​

To begin with, one of the benefits of acquiring a credit card is speed. One can purchase anything regardless of the price. An individual can buy expensive things before having to pay in bits like hire purchase. Some items may require a lot of cash and may take time to carry out all the transactions, and credit cards make to carry out such transaction. A credit card allows an individual to pay the amount later before the interest-free period is over.

​

Secondly, one can enjoy bonuses and rewards given when using credit cards. Using a credit card gives the user points which poses them to win bonuses and rewards. This rewards may tend to be shopping vouchers or trips and tickets to a free vacation. People who tend to use credit cards do a lot of shopping and get the points. However, credit card users should take caution to avoid overspending to get the points for rewards and bonuses. This is because the bonuses and rewards are not guaranteed and one cannot fully depend on them. More on this page

​

In conclusion, another benefit of using credit cards is the security of finances. The systems that operate the credit card system are well organized to sense any security threat. Some credit cards are designed in a way that they give alerts to the credit card user and the issuer. In cases where an individual is traveling the issuer can track the whereabouts of the credit card. If a credit card is lost the issuer is also able to detect whether the card has been used and can cancel any transactions that may occur. If an unauthorized person uses the card, the issuer is also able to cancel the transaction thus security is enhanced.

​

More details https://www.youtube.com/watch?v=D3L_KnyUylk