With the ever-growing crime rate, one can't really carry around large sums of cash in hand. That's where credit cards come in.

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A credit card plays a huge role in today’s age. In the fast-paced world of today, people are constantly looking for ways to make their day-to-day lives easier and more convenient. Money is an important part of that and it’s essentially what helps us get by.

However, with the ever-growing crime rate, one can’t really carry around large sums of cash in hand. That’s where credit cards come in. They don’t just offer security and convenience but they also offer tons of other benefits too, some of which are listed below:

1) They Help You Build a Credit Score:

A credit score is built on how one has managed their funds in the past. It is essentially the “risk score” which allows the lender to assess how likely you are to repay the loan on time. A good credit score can help you go a long way. Wish to be granted a loan, or to rent a house? A good credit score can help you with that.

2) You Can Earn Rewards:

One can also earn rewards by using a reward points credit card. These cards offer you points when you make a purchase related to a certain category of spending which maybe restaurants, grocery shops, etc. These points can be redeemed in the form of numerous rewards such as gift cards, travel, and many more.

3) Cash-backs:

Credit cards also offer cash-backs, which is essentially you getting a certain percentage of the amount spent back. Think of it as getting a discount on things. This may be as much as 3% of the total spending for certain cards.

4) Protection from Credit Card Fraud:

When you use a credit card to make a purchase or a transaction, the amount isn’t immediately transferred from your bank account. This protects you from credit card fraud if your card gets stolen by any chance, or if you find out someone else has been using it.

You just have to let your credit card provider know in any such instance. You will not be charged any of the fees, and your credit card provider will take care of the rest. Also, another advantage is that you get a notification on your cell phone for every transaction made.

5) Ease of Handling:

One can’t be expected to carry around cash in hand all the time. A credit card makes carrying around money easy and convenient. It’s simple and easy to use.

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