![]() Banks and financial institutions often look to credit card usage as a way to gauge a potential loan applicant’s creditworthiness, making your credit card important for a future loans or rental applications. This is very important as it allows banks to view an active credit history, based on your card repayments and card usage. ![]() Building a line of creditĬredit cards offer you the chance to build up a line of credit. The money used does not go out of your account, thus not denting your bank balance every time you swipe. Credit cards function on a deferred payment basis, which means you get to use your card now and pay for your purchases later. The biggest advantage of a credit card is its easy access to credit. ![]() If you’re new to the world of credit, here’s a list of the advantages and the disadvantages associated with your little plastic card. However, credit cards can become debt traps if not used correctly, or if you spend more than you can repay when the bill comes around. The discounts, offers, and deals that a credit card offers are unmatched by any other financial products and spell a bonanza for the wise user. A credit card has become an indispensable part of our lives, with its ease of use and convenient pay-back options.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |