Benefits and Challenges of Using a Credit Card
Credit card is a very useful financial innovation. It enables you to carry out transactions without having to physically carry money or even without having that money for a limited period. It gives you convenience and safety. The use of credit cards originated in the United States during the 1920s, when individual firms, such as oil companies and hotel chains, began issuing them to customers for purchases made at company outlets. The first universal credit card, which could be used at a variety of establishments, was introduced by the Diners’ Club in 1950.