CREDIT CARDS
Q. WHAT IS A CREDIT CARD :-
It is a financial instrument, which can be used again and again to purchase goods or borrow money and use services on credit, upto a pre-defined limit. These Cards operates on the simple principle of "BUY NOW and PAY LATER".
Q. DO I NEED A CREDIT CARD? :
A number of people who have sufficient liquidity, ask whether they really need a credit card? Our answer will be in affirmative. The biggest advantage of having a Credit Card is the facility to buy expensive items without handling / carrying cash with you. If you are a frequent traveler, then it is all the more advantageous to have a credit card with you. People who have fixed source of income and do not have sufficient cash balance to meet unforeseen expenses, find Credit Cards equally useful. They can buy expensive products and then pay back in easy installments.
| COMPARISON OF SOME OF THE MAJOR CARDS | TIPS FOR USING CREDIT CARDS | SHOULD I BUY A CO-BRANDED CREDIT CARD ? | IS CREDIT CARD A DEBT TRAP? |