The usefulness of Credit Cards :
Nowadays, having personal credit cards are an all-time-go. One and all who are earning their own bread, mandatorily attempts to keep a credit card. The benefit of it is that, using that card, we can buy everything starting from furniture, dress, medicines etc. to what not. Also, if someone pays off positively the bill of card within the stipulated billing cycle, then the interest is also waived off.
If these cards are in hands of a punctual and disciplined person in case of finance, then the small card can be a beneficial tool. Although, not-so-responsible people end up with a huge cycle of debt at the end. If the usage is perfectly okay for the user, then it will be good for the user if s/he pays off anything and everything with credit cards and not debit cards, therefore using the cash for the least purpose.
So, now, where should these cards can be put to use. While paying the bills, after having a tasty dinner at some restaurant, the use of plastic money is the best idea. As, now, almost all restaurants accept credit cards and on top of that, credit cards allow rewards and certain offers for it’s users including cashback.
It may sometimes happen, that the food temptation rises for the diners, and they end up eating more with a long bill which the debit card can not cover. At that point of time, credit cards are quite useful. Moreover, paying off the electricity bills, water bills, mobile recharges while sitting back at home can be done with the help of credit cards and it may make you earn some points.
The credit cards are a support to those situations when something unexpected happens and we are in need of money. While, the savings aren’t enough to fund our emergency situation, at that time, the credit cards rescues us. Well, becoming too much reliant on credit cards are also bad, as the cardholder may find it difficult to pay off huge debt afterwards. It is advisable to have an emergency fund ready to support your back. But, if you are apt in paying off the debt on time, then plastic money is a great idea.
While planning for a holiday, you may take a chance to use the earned rewards from credit miles. Some flight companies offer a pre-booking discount if and only if paid with the use of this cards. So there’s a plus point. Well, do not start funding the whole holiday payment through this type of cards, as it may get you into trouble as, the bill landing may be quite high for you to pay off. Thus, you may plan in advance for your holiday and keep your fund ready as required.
These are the places where credit cards are useful to serve our purpose. But, we must be sincere dealing with it. Hopefully, the above write up has helped you understand the whole thing, if yes, then please put up a comment in that comment area. Thank you!
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