In 2015, cashless transaction is getting traction and the trust of the most across the globe. Not only because, cashless transactions add another, but a robust layer of security, but beyond; offers incomparable financial comfort and room. As they say, in the world of finance, nothing happens without gain. Cashless transactions are mutually beneficial to both; the consumer as well as the financial institutions.

Of the many options invented, tried and tested by the financial institutions, credit card has been the most successful financial tool. It is because; credit cards offer the advanced level of financial security and freedom. Nothing really, compared to credit cards, empowers by enhancing your financial room and by maximizing your overall financial resources.

Credit Card – A Transformation
Transformation; if comes in isolation, helps none; hence, complete financial integration. Credit Card is considered to be the giant leap from the financial sector world across to realize the dream of comprehensive financial inclusion. Today, credit cards are seen as an enormous opportunity, which offers to utilize monetary resources of the financial institution for a short time period to envisage and fulfil needs and dreams alike.

Credit cards are actually a free short term loan, if you pay the credit card bills on time. Credit cards are designed to give you additional financial room over your own cash deposits, not only during the time of contingency; but also in a day to day life. Unlike debit cards, credit cards are globally accepted and can be utilized for shopping, travel, holidays, utility bill payment or for cash advances. They come with pre-stipulated amount that you can borrow from the bank. Not only credit card reduces your financial burden, but also helps to buy happiness if one can use the credit card wisely.

Beyond misconceptions, the benefits of credit cards are amply; only if one knows the terms and conditions corresponding to his or her credit card. Credit cards are abundantly helpful; if one knows how to utilize the financial resources offered by the credit card companies for everything they’re worth of.

Comparing Credit Cards
Benefits of using a credit card largely depend on the kind of needs you have. Choosing a right card holds greater significance and generates greater value for your money against your needs. The best way is to compare the credit cards offered by various financial institutions and banks. Not just a few, but there are many parameters to be compared before arriving at the conclusion.

It is essential to determine your needs before comparing the credit cards. If you are a frequent flyer, you need to compare credit card that offers Air Miles as a reward to help you save on your travel bills and offer free access to airport lounges and free transport service. If you are a Shopaholic or cuisine crazy, you require comparing only those cards that offer higher cash back or bonus points. In short, your needs for credit card will help you define which credit cards to be compared and where to compare the credit cards.

Choosing the right website for comparing the credit card is the most vital factor in obtaining the right credit cards. Most of the sites do not diverse range and filter options to help you gain a good sense of what actually you are looking for. A resourceful website, such as CompareMoney.sg offers greater comfort in decision making with diverse credit card options, inventive filters, and maximum number of parameters to compare the credit cards.

Credit Card Benefits
To begin with, if you know a few bits of things about your credit card, you would end up paying no interest on your credit card. Knowing your credit limit, credit cycle, minimum payment and grace period can bring richer financial benefits than you could ever imagine. Gives you complete access to the world of credit cards and imparts great amount of knowledge to help decide on kind of credit card that suits your needs and fill your pockets with richer benefits.

Paying Bill on Time
nothing can help you more in saving good money on your credit card compare to paying your credit card bill on time. This will guarantee you won’t spend a penny in interest. Not only that, paying your bill regularly help you get rid of the debt trap, and won’t let debt pill up on your credit card.

Reward Program 
Most financial institutions offer a reward program to promote spending through the credit card. Reward program may offer a mix of benefits or stand alone in some cases. The most popular reward program benefits are Air Miles, Bonus Points and Cash Back. Using credit cards for dining, entertainment, grocery and fuel help you save more money compared to debit cards or cash transactions.

 

If you are in a Singapore and looking forward to hold one special credit card that speaks for your reputation and bring greater benefits, CompareMoney.sg shows you the way to choose the best. Not only will you be gaining reward points in volumes, but also will earn great discounts and cash back for spending through credit card at participating merchants.

Reward points are particularly popular among cardholders as well as banks. Spending each dollar can bring reward point of the same value, which can be accumulated in the credit card account and can be redeemed at point of sale for many things such as shopping, travelling, and dining or for cash to set off the bills.

Balance Transfer 
Balance Transfer too can be a handy tool to save good money while using a credit card. When you transfer an existing loan or credit card balance to a new card with a lower interest rate, you can save a lot of money. you can compare and choose the best balance transfer rate as well cards with the lowest possible interest rates.

Normally reward cards come with higher interest rates compare to regular cards; however, you can use your reward card for greater rewards and transfer the balance later to your reward card account from regular card, which offers a lower APR for balance transfer. This can guarantee you dual benefits of accumulating greater rewards and negligible interest payment.

Interest-free Purchases
Besides giving you financial room through credit cards, Banks and financial institutions offer greater comfort in building your dream for home, car, and holiday or for almost everything with interest-free instalments for your purchases.

When you make huge purchases over your credit card, credit card offers to part payments in interest-free instalment or with a very nominal interest to help you own things you deserve. It also provides flexibility in choosing the instalment plan from 6 to 36 months, and lists more than a dozen categories to utilize the Interest-free Purchase facility.

Build a Credit
observing greater financial self-control over spending through credit card can help you build a reputation of great deal with your bank. Never over-shooting the credit limit and paying the bills regularly will help you consolidate your credit score. With an improved credit score you may qualify for low-interest rates on mortgages, cars and other big-ticket items down the road, which could save you money.

 

Exclusive Benefits
Credit cards are a great way to earn consumer protection against damaged to products purchased online. Credit Card Offers are even greater companion, when they cover your life and travel plus travel damages for no additional cost.

 

Decision

In totality, provides you an opportunity to be really smart and make wise decision for gainful endeavour. It is evidently clear; if you wish your credit card to be serving your interests, you need to choose the right card for you with the help of right website; a kind of resourceful and analytically honest, such as Not only credit cards, but it helps you compare personal loans, car insurances, travel insurances as well as banks account products that play a vital role in upgrading your lifestyle.

 

Source: https://comparemoneysg.wordpress.com/2015/07/27/put-best-foot-forward-with-comparing-and-choosing-the-right-credit-card/