Have you got a credit card?
Have you got a credit card? You don't hear that question much these days in the developed world. The reason is very simple: most people do hold a credit card of some sort. Of course a lot of people don't actually have a credit card but hold a debit card and they think they have a credit card. They don't always know how to distinguish between a debit card and a credit card. If you explain that the debit card deducts money immediately from the bank balance and that credit cards only deduct money at specific dates they look at you strangely, trying to work out what you really have in mind.
Learn to use a credit card
Not everyone knows how to use a credit card. At first glance it seems easy, you buy something, pull out your card, sign on the slip and lo and behold you walk out of the shop with a parcel. It's all really wonderful, until the balance sheet arrives and you gasp at the list of article bought and the prices spent and the huge debt at the bank. That's the way it works though. The credit card holder is delighted prior to receiving the accounts, the shopkeeper is overjoyed with the ease at which people pay with a credit card, the credit card provider is content with the interest and the bank smiles continuously at another huge profit.
The benefits of crediting a credit card
The old system whereby one would pay up front with actual cash for each purchased item kept us in check. You had money, you bought; no money, you didn't buy. The benefits of crediting a credit card can be summed up in a similar vein: you have money, credit your card, you don’t' have money – still credit your card! We have suddenly extended out money into credit, and we can extend our credit into the neverneverland. This principle of being able to work the capitalistic system with the benefits of the credit card is enhanced by the plethora of credit card providers springing up all over the market.