Visa card, MasterCard, Platinum Gold card, Maestro card

Now the cards come in different names. Each card with its name will carry its importance and the wide acceptance by the merchants all over the world. The most widely accepted cards are “visa card, & master card “
To this visa card bank also may attach a” Platinum or Gold Logo”. This will enhance the card credibility and acceptance by the merchants. Credit limit also decided on the type of card one is holding. The credit amount given by the bank to the customer is initially is less. After checking the credit history of the person and the due payment paid by the customer on time will build up good reputation. With this reputation one can request a bank to increase his credit limit.
Credit card holder/holders should always remember when to buy the goods on the credit card and when to pay the due amount. Or else one can go into a debt.
A few things to remember by a cardholder
1. Do not have many cards
2. Know your billing date
3. Pay on time to avoid penalty
4. Keep your card safe from fraudsters

A few reasons to be away with credit card

With cards, we are tempted to buy more and forget to pay back. This will result in increase amount of debt. We will have money to buy the things we like but at times we forget to know our limitation to pay back. This is big draw back. Banks issue the credit card with free of cost. They know that the credit card holder some day or the other will fail to pay the amount as a result end up paying with the penalty charges.
Spend thriftier should be very careful. Know the billing period of the card. Purchase the goods only after your billing date is over. This will help you get the maximum credit days from the bank. Pay on time and you will be winner or else you will loose your money.
Set alarm for the payment of the credit card bills or else one will land up paying more than the worth of goods one is buying.

Benefits of Having credit card/cards

The new era has changed the lives of the people. No more carrying hard cash in the pockets. A small card in a wallet would help to purchase one’s own needs. More people rely on credit cards these days. The purchase can be made from a small amount to a big amount ,from groceries to big electronics. One can use the credit card to buy Grocery items, Books, Electronics, Movie tickets, Paying utility bills, buying online items from the commercial web portals like EBay, Amazon, Big bazaar, life style e.t.c. Is not it looks so convenient? Yes it is.
Theses days the main constraint that one faces is the time in travelling or getting things done. One example could be lining up in long ques in paying the utility bills and booking the AIR/Bus tickets.
Today one need not have to go to the ticket counter or to pay utility bills physically. This can be done from the comfort of home itself.
Is it worth to have a card like this?.Yes we need to have one.The main reason would be the safety issue. why should I carry so much of cash when so much of mugging is happening around. Carrying cash is no more safe .Credit card also comes very handy in such cases to avoid carrying hard cash.
The best thing is that you will get cash back on certain amount of purchase made. The benefit could range from 5% to 10 %. These cash backs are mainly on the online ticket booking. In some cases, the buyer has been awarded with points which later can be redeemed for cash or gift items.
Now comes Credit Limit on the card. This right is given to Bank. One can not say the bank to give him/her so much of credit limit. The bank will first see the credit history of the person,the amount of money that person earns every month .Be it from a business or salary.
The best thing is that one gets 40 to 45 days of credit period. If one does not have a money with him at the moment and he still wants to buy any product of his liking, he can go ahead with it and pay it later. That cool is not it?. Yes it is

Introduction to Bank Cards

Technology has made our lives more easier than the past . Every hour/day we are at innovative ideas, techniques. Life seems to be more easily manageable as compared to the past. There is no lining up in long queues for paying off the utility bills or encashing money.
To ease the problems of doing so the banks and the financial institution have opened the ATMs. Online transactions have been made more convenient. Who does not like paying utility bills from the comfort of home? Yes, everyone does like it.
What I was talking to you all about was the “Bank cards”
Now the Most of the leading banks issue two types of cards to his customers/Account holders.
One is called “Debit card”. This is nothing but card joined to the saving account. Now it is an obligation from a bank to issue the card to the account holder so that one need not necessarily go to the bank to withdraw money. This can be done from the ATMs of the same bank or from other bank.
The second card will be called “Credit Card”. This card is issued on the demand of the customer. Or the bank will decide to issue or not? This is a credit note given to a customer after checking the credit worthy of the person.
Credit card is a plastic card which has a magnetic strip on it to read the account name , number and expiry date.