What is a credit card?
Using a credit card is a convenient option and gives you the freedom to buy now and pay later. Your bank issues a credit card and pays for the product or service. The due amount must be repaid within a period of time. The card comes in handy if you do not want to carry cash or want to purchase a product and have no ready cash.Â
Benefits of credit cards:
- Credit cards are convenient options while traveling domestically or internationally.
- You can instantly pay your bills online or through a swipe facility at stores.Â
- Credit cards help you build your credit history, if you pay your bills regularly and on time.Â
Why avail of a credit card loan?
Liquid cash:Â A credit card means you will no longer have to carry cash. This reduces the chances of theft domestically and internationally.Â
Pay easily: Now you can pay your grocery bills and your retail bills with ease while creating a good credit history.
Rewards and cashback:Â Credit cards give attractive benefits in the form of rewards, bonuses, discounts, and cashbacks.Â
Special benefits:Â Some credit cards offer frequent flier points and a subsidy of fuel if you use your credit card to pay for your flight bookings or pay for the fuel at petrol pumps.Â