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Five Ways For Banks To Boost Credit Card Use

May 27, 2016

Via: Finextra
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Ever since I got my first credit card in the late ’80s, I’ve been a fan of plastic. Rewards, deferred payment and a built-in line of defence from fraud – these are some of the reasons I pay with credit cards as far as possible.

That said, during the same period, I’ve come across many people who’re wary of using credit cards. When I ask them, they give me several reasons for eschewing plastic. Some of these reasons are genuine (e.g. fear of incurring hefty fees if they forget to pay the bill on time) whereas others are rooted in misconception (e.g. credit card implies debt).

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