Why use Credit Cards?

Why should You use a Credit Card?

There are many reasons why you should use credit cards:

Savings

You get to use other people's money.
Tip: If you're going to make a large purchase, time it so it's a day or two after the closing date of your card's billing cycle. If your card has a grace period (and that time is shrinking every year for many cardholders) then you can let your money sit in the bank a little longer earning interest. Check your credit card statement to find out your billing closing date.
You can float your money if it is in an interest bearing account and earn interest on the money until you receive the bill and pay it.
Credit cards that provide frequent flyer miles are great if you charge enough and like to travel. You can get free airline tickets for your vacations. Or your card may offer rebates from 1%-2% on most purchases.
They can save you time as you don't have to go to the bank or ATM as often for cash, or pay cash advance or ATM fees.
Credit cards can save time when paying bills. If you pay all purchases with a credit card, you can make one payment a month for all purchases.

Convenience

It helps you to keep a record of your spending. If you charge everything each month, you'll have a complete record along with your checking account of where your money went.
Credit cards can also improve your credit rating, by having them and paying them off on time.

Credit cards are save

You don't have to carry a large sum of money around. If your wallet is stolen, you cash is gone. But if your credit card is stolen, you're protected. Under the federal Fair Credit Billing Act (FCBA), if your credit card is used without your permission, you can only be held responsible for up to $50 per credit card (and even then most credit card companies won't make you pay the $50).
A credit Card is the safest way to buy online.
Most credit cards offer warranties against product defects, bankrupt airlines, etc. You will also receive extended warranties and protection from theft and damage. You also have extra leverage when you are dealing with an overcharge or incorrect billing.
Stop payments on orders are possible with credit cards and you can get your money back much easier if you don't get what you ordered or it was defective in any way.