Question

Why are credit cards a popular substitute for cash payments?

a) Credit cards are less convenient
b) Credit cards offer lower security
c) Credit cards provide additional benefits and rewards
d) Credit cards have lower acceptance rates

Answer 1

Credit cards are a popular substitute for cash payments because they provide additional benefits and convenience.

Step-by-step explanation:

Credit cards are a popular substitute for cash payments because they provide additional benefits and rewards.

Unlike cash, credit cards offer rewards programs that allow cardholders to earn points, cash back, or airline miles for their purchases. These rewards can be redeemed for various goods and services, providing an incentive for people to use credit cards instead of cash.

Additionally, credit cards offer the convenience of not having to carry around large amounts of cash. With a credit card, you can make purchases online, over the phone, or in-person without the need for physical currency.