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.

Benefits of credit cards:

• Credit cards are convenient for traveling domestically or internationally.
• They allow for instant online bill payments or swiping at stores.
• Using credit cards helps build your credit history when bills are paid regularly and on time.

Why avail of a credit card loan?

• Liquid cash: A credit card means you will no longer have to carry cash, reducing the chances of theft both domestically and internationally.


• Pay easily: You can pay your grocery and retail bills with ease while building a good credit history.


• Rewards and cashback: Credit cards offer attractive benefits such as rewards, bonuses, discounts, and cashbacks.


• Special benefits: Some credit cards provide frequent flier points and fuel subsidies when used for flight bookings or at petrol pumps.