AN ANALYTICAL STUDY ON, ROLE OF CREDIT CARDS IN PRESENT ERA OF CONSUMERISM & ITS MERITS AND DEMERITS

Abstract

This paper presents an analysis about the credit cards and consumerism. In this, it is tried that before the discussion about the credit cards, the historical background and its types are discussed. In the discussion of credit card types, the difference of developing countries and developed countries credit cards are analyzed. In this regard, Credit cards of America and Pakistan are discussed which have wide difference due to their scope and authority as well as due to interest rate polices. After this, the role of credit cards in the present era of consumerism is discussed which clarifies that the role of credit cards in the globalized world has increased than before. No doubt, there are some disadvantages of credit cards but the role of credit cards is so crucial that convince us to neglect all shortcomings or weak points of credit cards. So, it can be said that role of credit cards in consumerism is noteworthy. An Analytical Study on “Role of Credit Cards in Present Era of Consumerism & its Merits and Demerits”