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Understanding Credit Cards: Benefits, Risks, and Smart Usage In today’s fast-paced world, credit cards have become a vital financial tool for millions of people. Whether it’s online shopping, booking a flight, or covering emergency expenses, credit cards offer a convenient and flexible way to pay. But how do they actually work—and are they always a good idea? Let’s break it down. 🔍 What Is a Credit Card? A credit card is a plastic or metal card issued by a bank or financial institution that lets you borrow money to make purchases. Unlike a debit card, which pulls money directly from your bank account, a credit card lets you borrow up to a certain limit, which you agree to pay back later—ideally, with no interest if paid on time. 💳 How Does It Work? Here’s a step-by-step overview: You make a purchase using the card. The credit card company pays the merchant on your behalf. You receive a monthly statement showing how much you owe. You must pay back at least the minimum...