Blogs >> Miscellaneous >>
Credit Cards - Are they useful?
Credit card is a plastic which allows you to purchase products and services by borrowing money from the credit card companies. You can then repay the amount borrowed through monthly payments. It eases your life that you need not pay the money in one go. Credit card is the convenient mode of payment. Carrying cash with you during shopping is a tiring job, at times you may not have enough cash to purchase the required items.
Credit card gives you the freedom of spending without any inhibition of lack of cash. So you can purchase products at anytime without ready cash and pay the amount at later date. Credit card offers free credit period of around 50 to 55 days within which if you effect payment towards the expenses you will not be charged any interest. Interest is charged if a part payment is made toward the total expenses.
Each of the credit card user are assigned a fixed credit limit within which the customer can purchase products. Another eminent part of credit card is they allow us to withdraw cash from ATM. If you have a credit card during overseas travel you need not have the strain to carry currency of different countries, the credit card can be used to transact money of more than one currency.
Citibank is the pioneer in issuing credit cards in India. They have wide range of card varieties like fuel card, (used for petrol transactions),co branded card ( tied up with any other company and issue card) Cash back card ( provide cash back to your transactions) and many other cards.
Get a card from Citibank using VPayCash, enjoy the advantages of Citibank card and gain cash back from VPayCash.
|
|
