|
According to a report initiated by the APACS (Association for Payment Clearing Services), in 2004 we Britains paid approximately 269bn on our plastic cards. Cash sales for the same period came it around 268bn. For the first time in UK history, a credit card sales exceeded cash sales. If it wasn't official before, it is now – the use of the a credit card in the UK has become a way of life. So why have credit cards become so popular in the UK over the past few years? • Tomorrow never dies. As today's culture is more mobile both socially and economically, we have come to the conclusion that we will have more to do with tomorrow than we have today. With that comes the realization that debt is less a burden of shame than it is an advanced deferral of tomorrow's money. • Right here, right now. It is not a secret that we are a wealthier, faster-paced society than previous times in history. As a result of our increasing affluence, we are able to take on some debt in the interests of living comfortably in the here and now. • Improved buying power. Using a card enables you to make a purchase instantly, rather than wait for further notice. If you are a rational spender, these spends are not eating away at your resources, rather an advanced interception into your next savings. • Ease of purchase. A credit card aids your ability to manage your finances over the television, or online where direct contact is not possible – a credit card comes in handy as the perfect ‘middleman’ here! • Build for the future. Using a credit card smartly helps assist your financial history. This is useful when it is time to apply for a mortgage or take out a loan to pay for your car insurance. • Instant cash. Cash machines make it simple to withdraw cash in a real emergency without the need to wait for banks to open or feel uncomfortable in borrowing from a family member.
Related Articles -
Car insurance, cheap car insurance, credit card, best credit card, mortgage, best mortgage deals, cheap broadband, home phone, TV packages, TV bundle,
| 
