How to Use Credit Card?
Credit card is different from debit card, it use to borrow
money from company for
short periods of time.
Author - CoinFinanceMoney (Tushar Mistari)
Image Credits - Canva
Credit card comes with the numerous benefits along with
the better payout methods
to purchase products.
It is one of the convenient way
for payment. If you use it in a correct way then you celebrate interest free credit.
Credit card company will pay
the product amount on
behalf of you, whenever you
purchase any product
You need to repay the
amount in a monthly
installment within selected
time duration. Lesser the time
Lesser the Interest.
You can enter your card
number, expiry date and CVV security code if you are purchasing goods on any
online store.
To make payment in offline
store you can opt for card
payment, also can enable contactless feature to make payment without any details required.
You must read the Terms and Conditions of card, APR
details of card, Hidden
Charges before
applying for any card .
Credit card helps to improve
the credit score, if you use
credit card in a proper way
Credit score can be usefull
in many factors.
If you don't pay credit card
Bill on or before the due date, then this might impact
your credit score in negation.
You should know all the fees charges by company like
return payment, balance
transfer, annual, late payment, cash advance fees.