Benefits of using a credit card

by S J Bharti Owner Carrying around a stack of cash has now become a thing of the past. With the introduction of a cashless system of economy, more and more people are veering towards the major use of plastic currency like credit cards and debit cards for their daily expenses. Out of these, the credit card can be a handy little tool in your wallet that you can use to your advantage.

It has become so convenient and easy to get a credit card that you can even apply for a credit card online. If used responsibly, a credit card can be quite beneficial in a variety of situations. If you’re still deciding whether you should apply for a credit card or not, read on to find out the benefits of having a credit card.

Go fully cashless

The number one and the most obvious reason to get a credit card is to simply avoid carrying loose currency in your wallet. Most of your local shops and supermarkets will accept credit cards for convenience. Shopping can be a breeze with your credit card as the ultimate payment solution.

Build your credit history

If you pay your credit card bills well on time, and know how and when to use your credit card to avoid the burden of debt, then it can go a long way in building a good credit score. How does that help? If you’re applying for a loan, then the first thing the banks look for is your credit score, which reflects on your ability to pay off debt.

Enjoy rewards

Most credit card companies offer reward points, cash back discounts, and gift coupons till the time you keep using your credit card. These rewards can help you score a few deals and get amazing at various stores.

Credit cards are accepted universally

Be it a foreign vacation, international flights and hotel bookings, you can use your credit card anywhere and at any time. Also, credit cards can be used even to pay in foreign currency. While shopping on international websites, most of the times the only payment option available is via credit card.

‘Buy now, pay later’

Whether making a large purchase or paying emergency hospital bills, a credit card can be a huge asset when you’re cash strapped. You can use your credit card for immediate payments, and if you pay those dues within the grace period, you can also avoid the interest on your purchase. You won’t ever have to wait for your salary to make a purchase. Simply use your credit card and make sure you pay it back as soon as the cash is available to you.

Getting a credit card can be very advantageous if one has sufficient control over one’s own expenses, and one pays their credit dues on time. If you do get one, then you can enjoy the above mentioned benefits to their full advantage. So what are you waiting for, apply for a credit card today.

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Created on Jan 4th 2018 00:01. Viewed 797 times.

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