The advantages of using credit cards include:
- Allows you to buy now and pay later: Credit cards provide the flexibility to make purchases immediately and pay for them over time.
- Highly resistant to fraud and theft, especially online: Credit cards often have robust fraud protection measures, making them safer for online transactions compared to cash or debit cards.
- May offer incentives such as airline or hotel points: Many credit cards come with rewards programs that allow you to earn points, cash back, or other benefits related to travel and purchases.
- No need to carry large amounts of cash: Using a credit card reduces the need to carry physical cash, making transactions more convenient and safer.
The statement about "little to no interest on money owed" may not always apply, as interest rates can vary based on the card and the balance carried over month-to-month. Generally, credit cards can accrue interest if the balance isn't paid in full by the due date.