Its one of the most marvelous man made product till date.Many consider this as a boon to mankind itself.Credit as the name means lending money without paying for it in the present but promise to pay in the mere future. It helps oneself to transact money easily and prevent from the risk of carrying huge cash.
This facility of transaction of money is widely followed throughout the globe.This facility not only availed for rich people but also for the common people. Banks at large have equipped this facility to reduce the burden in transactions .
There is a huge list of banks which are following this facility to mention a few banks like CITIBANK , HDFC , AMEX , STANDARD CHARTERED , HSBC and it goes on.
On the contrary there are certain restriction placed for oneself to inherit a credit card.
WHO ARE ELIGIBLE TO APPLY FOR A CREDIT CARD?
People who are employed in a institution
People who run their own business
Students who have a fixed deposit can also apply
WHEN WILL I RECEIVE MY CREDIT CARD?
Although you will be notified by the bank the issue date for your card. Its varies from bank to banks and from country to countries
Disadvantages of Using a Credit card
Though many people find credit cards highly useful , but others find it unfavorable
1.High interest rates
2.Credit card limits
3.Risk of debt crisis
Monday, December 28, 2009
Uses of credit cards
Credit card are mainly used for money transactions
A credit card holder enjoys numerous benefits he could never imagine.
Not only it helps in to make a better living but also gives him a social prestige and status
in the society
With a credit card by your side he/she can travel anywhere at anytime buy whatever he/she likes
with the available cash limit in the card
It subsides the risk of robbery.what i mean is when your credit card is robbed u can immediately block it by contacting the respective bank customer service department with a single phone call almost instantly.It thereby makes the card unusable so that the person who has robbed it cannot derive any benefit from it.You can report this issue the bank and re-apply for a new credit card immediately.Its simple as that
You can get the transaction record of your credit card instantly.You can check this online in your respective bank website or by contacting the customer service
A credit card holder enjoys numerous benefits he could never imagine.
Not only it helps in to make a better living but also gives him a social prestige and status
in the society
With a credit card by your side he/she can travel anywhere at anytime buy whatever he/she likes
with the available cash limit in the card
It subsides the risk of robbery.what i mean is when your credit card is robbed u can immediately block it by contacting the respective bank customer service department with a single phone call almost instantly.It thereby makes the card unusable so that the person who has robbed it cannot derive any benefit from it.You can report this issue the bank and re-apply for a new credit card immediately.Its simple as that
You can get the transaction record of your credit card instantly.You can check this online in your respective bank website or by contacting the customer service
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