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Credit card and its benefits

     Whether you should take credit card or not? This question has come in our mind many times what are the advantages and disadvantages of credit card.

     Not wasting much time let us directly come to disadvantages of credit cards. The biggest disadvantage of credit card is only one from my point of view which is the interest and penalty which we are force to pay if we fail to clear the dues on time. One might be thinking that why why we are starting the blog with disadvantages, the reason being all the advantages which we are getting in credit card let it be in the form of reward point or discount all the things are getting wasted if we don't pay dues on time. The interest, service charge, penalty, all the things cost us more than the benefits. Hence only one thing to keep in mind if you provide us on time the credit card will be the alternate way to save the money.
Another disadvantages that we required to pay annual charges because we are using the services of the credit card provider its normal but there are many providers who charge zero annual charges on the basis of some conditions, let us take for an example if our spending it's more than 1 lakh then the annual charges will be waived off. So select wisely also negotiate if we are getting this service in our credit card.

     Let's come to the point of biggest advantage of having a credit card. The first is that you get a discount on various services and payments which you make. Say you are paying some electricity bill you will get a discount of 2 or 5% also you will get some reward points for using the credit card. The reason of the getting bonus Or you can say reward is they want to attract us more so that we can spend more using credit cards.

     Another advantages is that many credit card provider provide some extra services like allowing us to access lounge service at airport, offering one plus one ticket it on special occasions,etc. So if one is travelling more for watching more movies can get maximum benefit of this.

     Also there are various extra benefits which they provide like insurances when you are travelling via air or say via train,card theft insurance, etc.

     Another biggest reason to buy credit card is we can use money for say 50 days if one is having liquid issue, we will discuss this in detail, take for an example one person is paying his rent and other grocery expense on 1st of month then he can enjoy money for 50 days as normally they collect due on or before 20 of next month so this way one can use money for 50 days and get the benefit like discount, free tickets, reward points etc.

     Hence one can say that we need to take credit card but we should not allow our mind to get played by it, reason being whenever we go to buy something we will buy extra things which are not needed but we will buy as we know we don't need to pay out of our pocket right now and this habit hurts us very bad after long time, so please make sure that you control the expenditure when you are using the credit card also make sure to pay dues as falling to pay due will not be good as i said earlier all the benefits which we get will be as zero as we have not got that. So make sure to pay the dues on time and also discuss in detail with the bank or service provider in detail relating to service charge and expense relating to card.

     Please buy the card if you are ready to pay the dues otherwise all the hard money will be wasted. So be smart before taking credit card and read this article as guidelines and not advise.

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