Introduction:
The use of the credit card payment system has continued to be adopted across the world, and its use has been rated as overwhelming. Substantial literature review on credits cards use reveal that the payment system is gaining ground out of its convenience, advance financial services, credit borrowing and enhanced liquidity, with most of the former liquidation hurdles navigated (Stearns, 2011, p. 45). America was the first country to use the credit cards in the 19th century. Since then, the country has continued the use of the credit card intensively. In the onset, a credit card was only issued ...