It's incredible to think that in just a short time credit cards have gone from a luxury that few could acquire, a true testament to someone's earning power and prestige, to an item that virtually everyone has, and that many in fact have multiple forms of. Have credit cards truly become a necessity that can't be lived without, or are the credit card companies simply racking in the bucks off our greed and vanity? Regardless of your take on the subject, there's no doubt that credit cards do provide a level of comfort and freedom that may be lacking without them. Let's look at some of the benefits of credit cards.

Convenience - Credit cards are now accepted virtually everywhere, and avoid the hassles and potential risks involved with carrying even moderate amounts of cash around. They're also a near necessity for shopping online where many great bargains and deals can be had. This little strip of plastic is convenience personified.

Emergency Help - We all come upon those situations at one point or another where we need something in a hurry but may not have the cash on hand for it. Be it a plane ticket or groceries, credit cards ensure that when these emergencies pop up, you'll have a fall back option. Assuming of course your limit isn't already met.

Options - Credit cards allow us to indulge in conveniences we may not otherwise be able to take advantage of. Say a brand new T.V has just gone on sale for a week only, or a cruise in the Caribbean has just seen a temporary dramatic price drop. You can take advantage of these situations which you may not be able to do with cash if you're running low, and which may more than make up for any fees incurred through using the card.

Discounts - Many establishments, including shops, gas stations, airlines and hotels have deals in place with credit card companies whereby you're rewarded with points or discounts by paying for your purchase with the card. Sometimes you'll be rewarded both discounts and points, making credit cards a great choice when at these institutions.

Membership Rewards - As mentioned above, most cards offer rewards based upon money spent at particular locations, or money spent in general. These points can often be redeemed for gifts such as airline tickets, music related items, watches, etc.

Free Insurance - Credit cards were initially largely connected with the travel industry, and this early partnership shows deep roots to this day, with some credit card companies providing free travel insurance with their cards. When combined with the discounts achieved through airfare, hotels and car rentals, this can make vacations much more appealing and comforting with card in hand.

Weighing these conveniences against the associated with credit cards and risks involved in over indulging in their use and putting yourself in a bad financial situation are things that need to be judged by each individual person. If the rewards outweigh the risks, then credit cards will surely provide you with an extra level of comfort and security on your journey through life.