|Today, more and more people in the United States are using credit cards instead of money to buy the things they need. Almost any one who has a steady income and a continuous work record can apply for a credit card. There are many credit cards available: American Express, VISA, and Master Charge are some of the most popular.
|If you have a credit card, you can buy a car, eat a dinner, take a trip, and even get a haircut by charging the cost to your account. In this way, you can pay for purchases a month later, without any extra charge. Or you may choose to make your payments over several months and pay only part of the total amount each month. If you do this, the credit company, or the bank that sponsors the credit card, will add a small service charge to your total bill. This is very convenient for the customer.
|With the credit card in your wallet or purse, you don't have to carry much cash and worry about losing money through carelessness or theft. The card user only has to worry about paying the final bill. This, of course, can be a problem, if you charge more than you can pay for. In the recent years, credit cards also appear in China. The Great Wall credit card and the Peony credit card are the pioneer cards sponsored by the Bank of China and the Industrial and Commercial Bank of China, respectively.
|Many of us believe that it will only be a matter of time before credit cards replace cash and checks for both individuals and businesses.