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Why We Use Plastic Money by Ajeet Khurana





Why We Use Plastic Money by
Article Posted: 09/30/2007
Article Views: 254
Articles Written: 842
Word Count: 443
Article Votes: 0
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Why We Use Plastic Money


 
Finance & Investment
Nowadays, with credit cards being universally accepted, shopping has become a pleasure. This is quite a different state of affairs from the days when we had to first check whether cards were accepted. Things have changed a great deal. Today, everybody, from retailers to lenders to aircraft carriers, accept credit cards. Attitudes to the credit card have also changed a great deal. Whereas people tended to stay away from the card, that is no longer the case. The people of today prefer to whip out there cards as soon as they get to the cash counter. A swipe and a sign is all it takes, and one can walk home with the bill and the stuff to go with it.

Credit cards are so much easier to carry than cash that it is not at all strange that the former is taking over as the most preferred mode of payment. A credit card resides in a small space in our wallets, and yet, it holds the power of so much cash. Paying by credit card is also a good way of keeping tabs on how we are making use of our income. While making cash payments, it becomes a little difficult to keep a track of anything but the largest bills. But in the case of credit cards, our credit card slips and our monthly statements clearly tell us how we have been utilizing our income.

Moreover, it has become almost a cakewalk to get credit cards these days. I constantly have cold callers calling up to offer me "a great new credit card deal". Salespersons occasionally walk into our office offering discounts if a group of people decides to avail of the credit card at the time. Why, credit card vendors even put up stalls at strategic locations and these help increase the company's revenues.

However, the ease with which we can get credit cards is becoming a major disadvantage. Nowadays, we always run the risk of getting trapped in some useless piece of plastic. When the terms seem to be too easy, we should ensure that we read the fine print carefully. Before availing of a credit card, it is necessary to be aware of its pros and cons. Often enough, a credit card may seem to offer a great deal, but there may be some disadvantages that one is overlooking. The only way to tackle this is to get acquainted with the characteristics of cards before we go credit card hunting. Then we will land up with a great deal.

First compare credit cards and only then get credit cards. Get the best deals at http://www.comparethem.co.uk/.

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