money wills
How Personal Finance Work For You money wills


A Credit card is a wallet-size Plastic Card Contain Electronic data of Card Owner which Allows to Card Holder to borrow money to buy goods and services without paying in cash or check.

By Using these Credit Cards Users charged by higher APR( Annual Percentages Rates ) in comparison of other types of loans.

While using these Credit cards user charged by by Credit card provider banks or other financial institution are interchange fees, joining fees, Annual fees, Finance fee, Late fee and Over limit fee. These types of the fee, directly and indirectly, give benefit to Bank or Other Financial institutions.

Secure Credit Cards, Balance Credit Cards and Balance Transfer Credit Cards are mainly three Types Of Credit Cards which is issued by a bank or other financial institution.These all types of credit card promote cashless transaction but differ from each other in some manner.

Every Credit Card has a certain amount of Credit limit, it is a maximum amount of money limit user or cardholder borrow money or use it.

What Are Reward Points?

These Rewards Points are Given by Bank or Financial institution to their Customer or Card Holder while every transition in the form of shopping, buying goods, and services.

The more you use credit card in transaction the more chance to collect redeem points.Finally all these redeem points are converted in form of gifts cards, Air miles ,and some other form and added to your credit card as an offer or discount.

All these redeem points, cash back, discount are helping in reducing your overall transaction cost.

Welcome Reward, Regular reward, accelerated reward,international Reward High –purchase reward, Bonus point, Loyalty Points are some mains types of Rewards offers by bank or Financial institutions

Credit Card online

Amazing Tips to Create Your rewards point Very Fast and Easily:

1. Sign Up 4–5 cards in a year: While Sign Up a new credit Cards user gets better offers or good redeem points.If you use More credit cards you avail more redeem offers.

2. Always try Shopping or buying Goods service from your credit card shopping network, which gives higher chances to get a new offer and redeem points.

3. Make all your due payment on time. Its not only improving your credit score or also gain better chances to avail better redeem offers.

Benefits Of Using Credit Card:

1. Credit Cards gives you an opportunity of a cashless, fast and secure transaction.

2. Every Transaction helps you to get more chances to avail cashback offers, gift cards and redeem points.

3. While using Credit Cards no need for paperwork, it saves a lot of time.

4. Transaction while using Credit cards works as a bill or poof of buying goods and services.

5. Many credit cards company offer you pay in easy instalment in repayment of loan.

6. Benefits of avail air miles and get air travel discount.

7. Nowadays certain banks and financial institutions offer free insurance to their card holder.

8. Better Use of credit card not develop a good management skill but also helping to secure your life.

Conclusion:
Credit card is a good way to secure your money needs if you use it wisely and it also
helps to improve your credit or CIBIL score While using Plastic Card in incorrect way
avail difficulty in getting a loan in future but also harm your CIBIL score.



Source link