Let’s start with the benefits of owning a credit card. The main purpose of having a credit card is so that you do not have to carry wads of cash with you. Most credit cards are accepted all around the world. This makes it easier for you to go shopping in other countries. Some credit card companies also offer trip cancellation/delay insurance, lost luggage insurance, travel and emergency assistance for their customers. Credit cards are also handy to have if you want to make big purchases and can’t afford to pay all at one go, having a credit card allows you to pay back within a certain number of months. Besides that, credit cards make it easy for you to make online transactions. In addition, helps you keep track of your spending. You can also check up on your banking activity through the credit card company’s online banking website. Another plus factor of credit cards are the rewards and bonuses they offer. Such as, air miles, cash backs and discounts on purchases. Some even offer ‘cut the queue’ services, example like, booking your movie tickets online using your credit card, and then later just go straight up to the cinema counter to collect your tickets. Credit card companies also reward you with points when you buy using your credit card, accumulated points can then be used to redeem items.