Alternative to Cash: Having a credit card is a very safe and convenient alternative to carrying a bundle of cash. It can make shopping hassle-free and will also ensure the safety of money.
Emergencies: Whether there is a medical emergency or some other kind of urgent cash requirement, credit cards can provide help by making immediate credit available under such circumstances.
Making Big Purchases: The whole concept of ‘buy now pay later’ makes it rather easier for people to make some big purchases and setting up an EMI pay back method with their banks.
Build Your Credit Score: One of the biggest advantages of owning a credit card is that it is easy to build a credit history through your credit card transactions. Also, repaying all your credit card dues in time will help improve your Credit score which, in turn, can help you in getting loans in the future. Many times loan applications are rejected because the applicant doesn’t have a credit history and having a credit card is one of the easiest ways to build your credit history.