Advantages of credit cards

Commerce study Manual STUDY MANUAL|PDF NOTES|SYLLABUS|REVISION
  1. Enables the holder to get goods and services from specified sellers without paying immediately.
  2. Usually convenient to carry around.
  3. Enables the holder to get money from specified banks.
  4. Increases credit rating of an individual.
  5. It is safer to carry the card around than to carry cash.
  6. Some are internationally acceptable.



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