Credit cards offer you a host of benefits and are extremely handy. They are universally accepted and facilitate cashless transactions across millions of merchant locations across the world. You can use a credit card for e-shopping and making online bill payments. It discounts the need to carry cash as one can withdraw cash through ATM's. Credit cards can also extend a loan and allow you to pay through EMIs. In addition, one can also earn discounts and get rewarded for using a credit card!