The Effects of an Invention or Innovation in Modern Life.

One of the most important inventions is credit cards in the 20th centenary. The credit cards was invented by Mr. Mikenamala in Manhaton in 1950. The first bank issued credit cards is VISA which the biggest credit cards bank now. One of advantages is that you can not carry lots of cash in body. And you can not afraid that if you have enough cash to buy something in time. Second, you can get an extra dividend. Third, For store, use credit cards can let them more safety on business transaction. They can avoid large number of cash on trade. So this is an protect way to those store.

You can not carry lots of cash in body and you can not afraid that if you have enough cash. In past, If you ate in a restaurant then you find that you didn’t have cash and that was an embarrassing but you don’t have that feel now. Because you can take out your credit card and pay the bill. On the other hands, you will not carry any cash in the body now. Not only this, you can use cards on increasing oil, buying clothes, buying car, shopping etc.. Another advantage of credit cards, if you have enough money, you can borrow money from bank by credit cards. And you don’t have to collateralize any things except your credit. Unless time is urgency, this is unideal. Because the interest is very high.

You can get a bonus. Most of all banks, they provide bonus because they want to attract more people use their cards. In addition, some banks provide cheaper when you see the movies or increasing oil. And some banks, when you use their cards and pay bills, you will get points. After that, you can exchange something when you own enough points. More expensive need more point of cause.

For store, use credit cards can let them more safety on business transaction. They don’t have to prepare much money in store or retain money from customer. Therefore, they can avoid robbing. Or they can reduce the loss at robbing. So use credit cards can let store more safety. What is more, they can save time and inconvenient on taking the money to the bank every day.

Using credit cards not only these advantage certainly. Banks improve the design on the safe of credit cards. The cards use wafer to decrease the forge cards now. The credit cards will use more occasions. And I wish that we will carry no cash in the future.