- Immediate Use: As stated above, if you want to purchase now and want to pay later, you can easily do so with the help of a credit card.
- Cashless Transaction: No worry about carrying cash, you can just go to the store with card payments, and enjoy. With the advancement of digitalization, the use of cards increased.
- More Secure: In the case of a debit card money is deducted from your savings account but in the case of credit cards, the bank pays on your behalf of you, and your money is saved.
- More Discounts: With the popularity of Credit Card. Some online shopping websites offer more discounts on credit cards than others. There are different types of credit cards that offer more discounts than a normal credit card.
- Wide Acceptance: With the expansion of the internet, everywhere credit card is accepted even in local grocery shop also. Credit cards are also acceptable in foreign countries giving more credit points to the user
- Emergencies: One of the most important benefits of credit cards. In an emergency, if money is not available in a savings account. One can pay with a credit card to meet the requirement.
- Purchase Protection: Some additional protection is offered by credit cards in case of loss or damage. For this, you have to give a detailed description to the credit card company, and generally, they cover expenses under Rs 50000.
- Making Travel Easy: There is a wide range of benefits for Credit card holders such as, it gives a beautiful experience through lounge access at the airports or railway stations.
Credit Card : Work, Types, Eligibility, Documents Required & Advantages
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