What are the benefits of using credit cards?

by Rokdabazaar .com Loan, Cards, Investments

Apply for Credit Cards: Nowadays, everyone has credit cards. But do you about any details of credit cards? And what is a credit card? And why people mostly use it while shopping? A Credit card is a card that allows us to shop or buy kinds of stuff without using any cash. When we buy something, the sales clerk uses it to charge the money needed for their account, so the person will buy later. We buy it on credit, which is the trust that we pay it back later. When a customer purchases a product via credit card, the credit card’s issuing bank pays on behalf of the customer and the customer has a certain amount of time to pay the credit card bill. If a person does not pay it back within a time limit, they will have to pay extra money called interest. Payment using a credit card is one of the most common ways of electronic payment. Most of the Credit Cards give you an interest-free period of 45 to 50 days, depends on the type of card you are using and your billing cycle. Credit cards are usually small plastic cards with a unique number attached to an account.

Benefits of Credit Cards:

1) The most important benefit to the cardholder is convenience. Credit cards are very convenient for shopping, where you do not need to take cash with you.

2) Compared to debit cards and checks, a credit card allows small-term loans to be quickly made to a cardholder who need not calculate a balance remaining before every transaction.

3) Different countries offer different levels of security.

4) Many banks offer rewards and benefits packages, such as enhanced product warranties at no cost, free loss/damage coverage on new purchases, various insurance protections, etc.

Compare and Apply for Best Credit Card: Every bank provides credit cards and offers the best offers and interests. But it is up to you how you compare them and apply. You can compare according to their reward points, the limits they provide and the time they provide to pay them back the money in the bank. Rokdabazaar offers a wide range of credit cards for you to choose from. Each credit card offers unique features and benefits. Such as Zero fuel surcharge, free add-on cards, in-built insurance cover, zero liability on a lost card, etc.

Eligibility for Apply For Credit Card Online:

1) Age- Your age should be under the age bracket from 21 up to 60 years.

2) Credit Card: Your credit card should be good.

3) Income: Your monthly income should be 15000. The criteria of monthly income differ from bank to bank.

4) Employment History: You should have a minimum of one-year employment with the current employer.

Documents required for Apply For Credit Card Online:

1) Photocopies of sole proprietors’/ partners’ identity cards or passports.

2) Company’s bank current account statements for the latest 6 months.

3) Sole proprietors’/ partners’ Income tax notice of assessment.

Credit cards are beneficial to the cardholder. The cardholder does not need to take cash with them whenever they go shopping for anything maybe online shopping or offline shopping. That is why Credit cards are becoming popular by each passing day. RokdaBazaar helps you get the best offers provided by banks, it has tied up with the banks to give their clients the best offers and wants to grow their work and making more clients and costumers. You can not apply for a credit card with bad or poor credit because it is compulsory to have good credit.