• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Advantages of using credit cards

Extracts from this document...


There are many advantages of using the credit cards in our life. First, they allow us to make purchases on credit without carry a lot of cash. Nowadays, the public security of our country is not safe and peace. So, we will having dangerous if we brought lots of cash went out. But using the credit card is more protected and safe. For example, when we have the credit card in our wallet, we don?t have to carry many cash that can be stolen or lost. ...read more.


If we found that the credit card is lost or stolen, we can report the missing card to the credit card company. Then, the company will stop accepting any charges on our card. So, we won?t be charged for purchases made by someone else. We can also withdraw cash from many branches of the issuing company of from a variety of ATM?s all over the word. Besides that, using the credit card is best for the people who are planning to expand their business as a company which uses the payment option usually results in a more rapid customer payment turnaround and the statement. ...read more.


Now would the sellers rather wait for the money and slow down their business or rather provide the customers with a quicker and more convenient way to pay them back. Next, using the credit card builds a good credit history. If we use our card responsibly, we can begin to build a good credit rating for ourselves. Later in our life, when we need a loan, a lender will want evidence that we pay our debts. A good credit card will help us to get the loan. A poor credit history will work against you. ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our GCSE Accounting & Finance section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related GCSE Accounting & Finance essays

  1. This report has been produced as evidence for Unit 9 - 'Financial Services' - ...

    The factoring needs of TBI can be dealt by bank of Scotland. You assign all sales invoices to Bank of Scotland on a continuing basis and we manage your sales ledger. Up to 90% of the value of invoices is available within 24 hours depending on your client base and the operating conditions of your business.

  2. Complete Report on Askari Commercial Bank

    The Customer Deposits the amount and commission. * The issuance of DD is computerized in ACBL so all the entries are made in the computer by bank officer. The computer assigns a number to the DD and officer writes this numbers on application from. * The printed draft along with counter foil of cash voucher will be given to the customer.

  1. What does Finance involve.

    Also as my business increase I can add more decoration equipments to my business to help my customers but for the start of my business I believe that these are the main items that matter. So far I have worked out my stock and decoration cost now I am going

  2. Business and finance

    * Card protection worth up to �12 a year. This select current account can save you money in many ways from an interest free overdraft to discounted rates on a personal loan. Savings with the select loan are all yours for �4.00 a month.

  1. Management Accounting Report.

    Break-even Introduction (Break-even) The first problem of the company is to find out if the company will make a profit if they developed a new type of electronic dispenser for serving exact quantities of beer and lager. The first accounting technique that will be used is the break-even.

  2. Responsible accounting is the ability to conduct business in a way that is not ...

    There are two most popular methods for allocating departments cost which are: direct method and the step-down method. The direct method is when the cost allocation ignores all the other service departments costs to the revenue-production or operating departments. The other method that is used is the step-down method, this method recognizes that some departments support other departments activities.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work