By addi
Summary: Credit card should be taken after comparing aspects such as life add on amount, free credit period, payment pattern and bonus. The comparison of these aspects help to get a credit card that suits your needs.
Plastic money has become an important part of expenditure pattern of the Indians. It has also acted as a source of identification. If used wisely, the plastic money can provide transaction and financial convenience and allow you to make purchases with nearly a month to pay for them before other finance charges kick in. This article will focus on how the plastic money works both financially and technically and will offer tips on how to shop for a card that will ease your necessities. This article will also offer description regarding the different credit-card plans available.
The major aspects which make your credit card transaction free from financial adversities are your credit history and its effect your card options and the credit-card fraud. The credit card fraud may be both online and in the real world. Credit Cards are one of the most convenient ways of making payments while shopping and helps in maintaining records of all purchases made by the user. The major advantage of credit card is that you donโ��t have to carry cash. But the market is now flooded with scores of alternatives. You have to compare between cards in India before going the suiting one. The comparison should on the following grounds.
The availability of the option "Earn while you spend' - All of the major credit card companies are offering rewards points on each purchase made. The types and nature of these points change from company to company. While some cards come with a loyalty point( increases according to the loyalty of the customer) while some offer it on the volume of the credit. During vacation time and festive seasons this bonus system is often changed. So the customer has to compare between cards in India before going for a particular one
Add on cards: All most all cards increase the maximum credit limit with the passage of time and the credit behaviour of the user. However, the limit to which the maximum credibility can be increased differs from bank to bank. When you compare between credit cards in India, you have a fair idea regarding this. Go for that card, which offers you maximum add on
Cash Advance: Credit card also offers you liquidity in the form of cash advance. It means you can draw cash from your credit card. Though use of credit card as a borrowing tool is not advised, yet the credit card offering you the maximum cash advance should be chosen to counter any unforeseen emergency
Widely accepted: Acceptance of the card should be taken in to account before going for it. When analysing this accept, you should take both domestic and foreign market into consideration. If your spending pattern is India specific, better go for a credit card offered by a public sector bank. While thinking about the foreign market, the multi national bank credit cards are advised
Interest Free Credit Period: Interest free credit period affects the credit card payment a lot. More is the period, the more time you will get to avail a credit free expenditure. The credit card payment is interest free during this period. The common interest free credit period is 6-12 months while some private banks are now offering credit card at an extended(15 months) period
Zero liability on lost card: Compare between credit cards in India to find a bank which provides zero liability in case of any loss.
Insurance facility: Some credit cards offer you the Insurance facility if you are unable to repay the credit amount due to illness, job loss accident etc. The insurance coverage is there if the card user dies prematurely. The financial obligation is taken by the concerned insurance company. This offers a great financial respite for the family of the deceased who are under tremendous emotional loss
The Indian credit card market is getting more competitive day by day. Now, there are various cash back options available with the credit cards. However, when there is plenty of alternatives, you have to play cautiously before choosing any credit card. You should compare between credit cards in India to draw the final purchase decision. The above aspects should be taken into minute consideration. Your aim should be revolve around how to find the card which suits you best.
For more information about best credit cards for India and general insurance policy. Please visit our website: http://www.paisawaisa.com/
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