We can hardly imagine life these days without credit cards, especially for online payment. For even those who have enough cash and prefer to use debit cards, modern day life demands a credit card. I recently presented my debit card while checking into a hotel and the staff kindly informed me that amounts charged through debit cards as temporary deposit etc. cannot be reversed by them and hence I may want to present my credit card.
While many feel proud to flash more than a couple of credit cards today, we hardly stop to think how this phenomenon evolved.