Q: What is the impact of credit card use and how has it affected my credit card debt? Introduction Credit card use is growing and has had broad effects on the economies of cities such as Hong Kong. The reasons for the increasing use of credit cards could be that the credit card is a useful and popular payment instrument, used even in the 18th century and originating from Europe. Credit card use began among merchants, businesses, and their customers, such as in the United States, where oil companies and hoteliers provided credit cards and allowed customers to use them. In the 19th century, confirmation of credit card use increased; therefore, companies and merchants have allowed more foreign credit cards. Currently, the credit card could become indispensable due to the rapid development of the credit card system. While the use of credit cards has benefits, such as installment purchases and supportive effects for economies, it also poses risks to financial systems. An example of the risk is that consumers' credit card limits may be higher than budgeted, which can lead to an inability to pay...