One of the main reasons for owning a credit card is the simple convenience of it. Rather than constantly having to carry around a significant amount of cash, the credit card allows a person to just carry a little piece of plastic without having to worry at all about cash. A dining experience can be quicker and easier with a credit card. It allows the restaurant to just scan the card, rather than having to get exact change, and makes tipping easier, because patrons can just add to the amount the restaurant charges. It can also simplify things at a gas station. The credit card allows a user to pay for their gas right at the pump, without having to bother with going into the store.

Credit cards are at their most convenient when it comes to travel, however. In fact, credit cards have become a necessity for any traveler. Many airlines no longer allow a person to book a flight without using their credit card. Most nicer hotels also require a person to give their credit card in order to hold a reservation.

Credit cards are also essential on the internet. The internet is quickly becoming the marketplace of the future, and a person needs to have a credit card in order to shop on the internet. Having a credit card allows a person to shop for literally anything he or she desires.

There are, of course, downsides to owning a credit card. One rapidly growing problem is an increase in identity theft. With people constantly giving out their credit card information on the internet, more criminals are finding out that information and using it. Luckily, as criminals steal more credit card numbers, credit card companies are getting better at dealing with identity theft. Most major credit cards are excellent at handling identity theft cases and the majority of the time, having a credit card stolen does not cost the person who had their card stolen.

Owning a credit card also requires a great deal of restraint. While it may seem like free money, it's important to remember that you are expected to pay back what you spend, so it is incredibly important that you spend within your means.

The risks of owning a credit card are far outweighed by the benefits, however. That is why every person must own their own credit card.