Home » Finance » Credit

Who Uses Credit Cards and Why?

Aug 18, 2007
Plastic has changed the face of the world as we know it. Over the past few decades, credit cards have crossed the line from luxury to necessity. They're no longer a symbol of profligate spending and living beyond your means. Instead, they've become a valuable tool to help you safeguard your cash, deal with emergencies, track your spending and even earn a little extra on the side. Is it time for you to apply for a credit card?

According to the latest stats from the FSA, there are enough credit cards issued in the UK for every single adult to have at least four in his or her wallet. The reasons for using credit cards vary from person to person, but most use credit cards for one or more of the following reasons. If you're of a mind to apply for a credit card, consider which of these reasons suit you so that you choose the right credit card for your needs.

Cash in an Emergency
While it's nice to have the savings to handle any emergency, it's not always the case. Credit cards offer immediate money when you need to get the car back on the road or pay for other emergency expenses, and the luxury of being able to pay it back in small bits over time. A credit card with low interest rates on new purchases is ideal.

Cash and Merchandise Rewards
Many credit card UK companies run loyalty programmes that offer cash back and reward points for using your credit card. These credit cards can be a real boon IF you make a point of paying off your account monthly. By putting all your spends on your cash back or reward credit card, you can earn great merchandise or get a discount on everything you purchase.

Convenience
You can use your credit card at the till in nearly any shop, as well as use it to make purchases online, over the telephone or by post. It's far easier than writing cheques, and credit cards are more widely accepted than cheques. You don't need to worry about having exact change, or being few pennies short of the full amount of your purchase.

Keeping Track of Your Spends
When you pay with your credit card, you'll have a handy record of all your purchases so that you can easily track your spends. In fact, many business owners use credit cards for exactly that reason.

Keeping Your Money Safe
When you lose your wallet with cash in it, you can usually kiss your cash goodbye. When you lose a credit card UK law limits your liability for any spends made on your card. In addition, most credit card companies offer automatic cover for anything purchased with their card to ensure that it is delivered safely and works as advertised.
About the Author
Jon Francis has been involved with finance for many years! With an in-depth knowledge of the credit card UK market help helps others get the best from credit cards.
Rating:
Please Rate:
(Average: Not rated)
Views: 158
Print Email Report Share
Article Categories
    • Artists
    • Gambling
    • Humanities
    • Humor
    • Movies
    • Music
    • Photography
    • Tattoos
    • Television
    • Classic Cars
    • Motorcycles
    • Recreational Vehicles
    • SUVs
    • Trucks
    • Vans
    • Branding
    • Business Opportunities
    • Careers and Jobs
    • Corporate
    • Customer Service
    • Direct Mail
    • Entrepreneurship
    • Ethics
    • Financing
    • Franchising
    • Home-Based Business
    • Human Resources
    • Import and Export
    • Leadership
    • Management
    • Market Research
    • Marketing and Advertising
    • Negotiation
    • Network Marketing
    • Networking
    • Organizational
    • Presentation
    • Project Management
    • Public Relations
    • Small Business
    • Strategic Planning
    • Team Building
    • Telemarketing
    • Training
    • Data Recovery
    • Databases
    • Games
    • Hardware
    • Networks
    • Operating Systems
    • Programming
    • Security
    • Software
    • Spyware and Viruses
    • Ask an Expert
    • College and University
    • Home Schooling
    • K-12
    • Languages
    • Online Education
    • Psychology
    • Coffee
    • Cooking
    • Gourmet
    • Recipes
    • Wine and Spirits
    • Acne
    • Aerobics
    • Alternative Medicine
    • Beauty
    • Cancer
    • Cosmetics
    • Depression
    • Diabetes
    • Diseases and Conditions
    • Fitness Equipment
    • Fitness
    • Hair Loss
    • Heart Disease
    • Medicine
    • Men's Health
    • Muscle Building
    • Nutrition
    • Skin Care
    • Supplements and Vitamins
    • Weight Loss
    • Women's Health
    • Yoga
    • Arts and Crafts
    • Babies
    • Collecting
    • Elderly Care
    • Genealogy
    • Hobbies
    • Parenting
    • Pets
    • Pregnancy
    • Woodworking
    • Feng Shui
    • Gardening
    • Home Appliances
    • Home Security
    • Interior Design
    • Landscaping
    • Affiliate Programs
    • Article Marketing
    • Auctions
    • Audio
    • Banner Advertising
    • Blogging
    • Broadband
    • Domain Names
    • E-Books
    • E-Commerce
    • Email Marketing
    • Ezines and Newsletters
    • Forums
    • Internet Marketing
    • Link Popularity
    • Pay-Per-Click
    • Podcasting
    • RSS
    • Search Engine Marketing
    • Search Engine Optimization
    • Security
    • Social Media
    • Spam
    • Video
    • Viral Marketing
    • Web Design
    • Web Development
    • Web Hosting
    • Copyright
    • Cyber Law
    • Intellectual Property
    • National, State, Local
    • Patents
    • Regulatory Compliance
    • Trademarks
    • Buying
    • Selling
    • Baseball
    • Basketball
    • Boating
    • Cycling
    • Extreme Sports
    • Fishing
    • Football
    • Golf
    • Hockey
    • Hunting
    • Martial Arts
    • Running
    • Scuba Diving
    • Soccer
    • Swimming
    • Tennis
    • Dating
    • Divorce
    • Marriage
    • Weddings
    • Astrology
    • Buddhism
    • Christianity
    • Faith
    • Hinduism
    • Islam
    • Judaism
    • Meditation
    • Metaphysical
    • New Age
    • Cable and Satellite TV
    • Cell Phones
    • Communication
    • Gadgets and Gizmos
    • GPS
    • Satellite Radio
    • Video Conferencing
    • VoIP
    • Addictions
    • Coaching
    • Goal Setting
    • Motivational
    • Stress Management
    • Time Management
    • Clothing
    • Electronics
    • Fashion
    • Gifts
    • Jewelry
    • Causes and Organizations
    • Environment
    • History
    • Holidays
    • Men's Issues
    • Nature
    • Philosophy
    • Politics
    • Women's Issues
    • World Affairs
    • Air Travel
    • Camping
    • Cruises
    • Destinations
    • Outdoors
    • Article Writing
    • Book Reviews
    • Copywriting
    • Fiction
    • Non-Fiction
    • Poetry
    • Quotes
    • Screenplay
    • Tools and Resources