Credit Cards as an Instrument of Payment in Tourism and Hospitality

Credit cards are one of the most used instruments of payment today. The advantages they have are the simplicity of their use and the mandatory relationship of a short-term credit contract. Nowadays, credit cards are increasingly used in tourism and hospitality. Many banks around the world cooperate with global card organizations such as VISA, MasterCard, American Express and Diners Club, so the cards they issue are widely accepted in hotels, travel agencies, hospitality objects and shopping centers around the world. This paper deals with the role of the credit card as a global instrument of payment in tourism from a legal and economic point of view, and its goal is to see what all the characteristics of a credit card are and what benefits its use brings. Its specificity for use in tourism and hospitality is mainly its simplicity (1), high security while reducing the risk of carrying cash (2) and the international character of the legal relations that are related to it (3).