A credit card is not just another financial tool available in the market it is perhaps the most debatable financial tool that exists .Personal finance experts spend a lot of energy on discouraging us to use credit cards . Whether it is harmful or not depends on its users if used responsibly you are better off using a credit card than debit card while making minimum cash transactions.
A credit card represents a financial account , upon using credit cards you are using the bank’s money to make purchases , well using someone else’s money always comes at a cost and that is the interest payment . Buying something with someone else’s money and not being able to pay it back can destroy your financial future .
Let us look at some of the ways we can help you save your financial demise:
1.Not every card is for everyone
It is very important to understand that there are different credit cards in the market and they are for different users . So if you are the one who is just going to be able to make minimum payments you should go for ones with lower APRs(Well that should be the case anyway!),and if you are a frequent flier you should go for the ones that gives you the best travel offers , travel points and cash rebates or a general cash back card if you are going to do mostly household shopping.
You can apply for an attractive offer with best possible rate of interest and terms for Personal, Business and Home Loan.