A credit card is a card that a bank issues permitting the holder of the card to purchase goods or services on credit based on the cardholder’s promise to pay back to the card issuer and the additional charges such as interest if applicable. In other terms with a credit card the issuer such as a bank grants a line of credit to the cardholder. If you back the borrowed money within a specific grace period set by the issuer, then you will not have to pay extra charges. However, if you pay later than that date then you will have to pay the borrowed money back along with the interest levied on it. A credit card is a good way to keep a smooth cash flow. An issuer sets the limit of credit to your credit card based on various criteria such as your occupation, annual income, and the capacity to repay.
We are all consumers. While that is a redundant statement, there’s a reason why we mention it. Since we are consumers, we are constantly using new products and services on almost a daily basis. This... Read more »
Choosing the right credit card is important. When you use it, almost every credit card gives you some benefits. These benefits may be discounts on purchases or more points to buy stuff from credit card... Read more »
Most of us don’t use credit card thinking that it will make us end up in debt. Following this old school, we don’t usually pay heed to the advantages that credit cards have... Read more »
Rather than a boon, credit cards are often considered as a bane by most individuals. Many people think that instead of benefiting them, credit cards will make them end up in debt.... Read more »
Do you use your credit card frequently? Do you pay your restaurant bills via credit card? And do you like online shopping using credit card? Have you started relying too much on... Read more »
When we talk about plastic money the very first thing that comes to our mind is debit card and credit card. Here is another card which falls in the category of plastic... Read more »
Usage of ‘Plastic Money’ i.e. payments using Credit/Debit cards have been increased a lot. Banks and financial institutions are also coming up with different types of Credit cards with attractive offers to... Read more »