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
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