Sunday, February 17, 2008

Increasing use of Credit Cards

Credit card is the most used and accepted payment methods and it have been the very important factor since its introduced in UK on 1966. One can spend any amount of money until he can pay it back. Thats the main reason why people use credit card a lot. There are credit cards available for every class of people now. There are a lot of benefits of using credit cards over traditional cash payment method. That depends upon which card you have. Some cards provide purchase protection for free. The rights under Section 75 of the Consumer Credit Act, buyers have valuable rights when they buy using credit cards.
However not all credit cards are good. Some have high interest rates and some have other disadvantages. One should check what credit card offers and what other features does the credit card have before going to apply for a credit card. Comparing one credit cards with each other can also help to find which credit card is suitable for one.

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