According to the website CreditCards , at the end of 2007 there were an estimated 95000 credit cards and 512000 debit cards in Nigeria, a nation of 150 million people. The site also reports that according to research firm The Lafferty …
Some people argue that the credit card is one of the greatest investions since sliced bread. But if you do not know how to handle the responsibility of a credit card there can be a lot of drawbacks.
More and more people in todays world are using plastic money for purchases and transactions. Carrying real cash is slowly getting out of date. But some people lose control of their spending habits andspend impulsively. Because of this the secured credit card, also known as debit card, came into existence.