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    The Chinese are credited with coming up with numerous
    inventions including gunpowder, umbrellas, chopsticks,
    paper and paper money.

    Lamentably, (from Chinese point of view) the honors of
    coming up with plastic money went with early American

    From the time John Biggins, the inventor of a first
    bank issued card, had his first eureka moment in 1946,
    credit cards have evolved to become one of the most
    versatile ways of paying, and this is why. Once issued
    with one, the need to carry around unsafe, dirty and
    bulky cash is significantly diminished.

    I say diminished because some small scale merchants
    (who perhaps are scared of technology) will still
    insist on being paid in cash. Further, credit cards
    enables you to build up a credit history, but only if
    you always pay on time.

    In some countries such as UK, if you buy goods using a
    credit card and the goods turn out to be faulty, they
    are usually insured for a period of time, say two
    months, and you can be indemnified even for total

    Credit cards are safe, and even if gun-totting
    miscreants help themselves to your wallet, you can
    make hit back by simply calling the credit card
    company and canceling the stolen card.

    Another thing going for credit cards is that you can
    keep track of your transactions, and it's thus easy to
    keep track of your expenditure. I could go on and on,
    and whatever the doomsday prophets say, plastic money
    is here to stay.