Credit Card: Is it worth for you to use it ??

13 November 2015 | 1555 Views | By Mint2Save

The concept of “buy now and pay later” has certainly won a lot of hearts all over the world and popularity of credit card certainly proves that point. This facility is obviously a financial cushion and pamper for those earning as well as spending well. With a fully-fledged credit card market spread all over the world, owning and using a credit card opens a lot new of exciting opportunities for its respective owners. Let’s find out some of the major reasons to buy a credit card and use it regularly.

Credit Card Mint2save.com — Why to buy a credit Card

1. Worldwide Acceptability: Most credit cards are accepted worldwide, that too, without any additional surcharge or transactional fees. This means that while travelling abroad, you don’t need a separate travel card. You pay on spot, the currency exchanges rates are on spot and no there is no fuss. This criterion of worldwide acceptability also comes in handy when you are purchasing over the internet. Payment gateways like Bill Desk, PayPal work on a worldwide level and having a credit card eases their usage.

2. Grace period to repay: For those globetrotters, it might take some time till they get enough time to get back to the bills. Same applies to the office goers. Spending through the credit card gives you a certain number days, called the grace period, till you can pay the bills off.

3. Payment in EMI: When the credit goes beyond your paying capacity, there is no need to press the panic button. The card issuers have come with an EMI option through which you can easily pay off the debts. This is no extra interest charged over this and EMI option makes the amount to be paid a fixed one. Adding more to this, you can still use the Credit Card.

4. Instant Small Loan: Having a credit card is just another form of grabbing a small loan, which is instant and does not need bank’s permission. Depending on your taxable income and expenses, the credit card you are issued with comes with a credit limit. This limit is fair enough to take up at least month’s extra salary and hence some specific urgency can be fulfilled using it.

5. Exclusive deals, privilege points and discounts: It is highly common with Credit Card holders being given access to lots of exclusive offers and discounts. Yes, the offers do vary as per the credit card one owns but nonetheless they are a bonus to the card holder.

6. Easy Pre-Booking: While going for a trip, we often book a hotel or a self-driven car and nothing can fulfill the purpose more than a credit card. The question that arises here is why a credit card? Why not a debit card? Answer is simple, if cancelled; you get your money back without unnecessary hassles which means that you are actually not spending your money, until you use the service. This is the reason that why most of the car renting companies like Myles ask for a credit card based booking or a cheque based (which is going to be obsolete very soon).

Denied of the power to purchase, or want to accelerate you to your dream gadget? Swipe it!! Just mind your pockets!!