As a financial tool, credit cards are often misunderstood and underutilized. Many of us view credit cards simply as a way to make purchases, but they offer so much more than that. Responsible users stand to gain significantly from credit cards, provided they know how to tap into all of the offers and benefits that are up for grabs.
First, it is important to understand what credit cards are and how they work. Simply put, a credit card allows you to borrow money from a bank or credit card company to make purchases. In exchange, you’ll be required to pay interest on the money you borrow beyond a certain period, along with a processing fee or other charges.