Benefits of having credit card

Credit card is a small rectangular plastic card use as a system of payment for credit card users. The credit card holder were allowed to buy products and services based on the holder’s promise to pay for these. There is a revolving account from the issuer and grants a credit limit to the user from which the user can borrow money for payment to a merchant or as a cash advance to the user.

Benefits of credit card:

  • Convenient to use when paying merchants because you don’t have to worry to carry cash every time you shop.
  • Good for emergency use. Credit card is helpful when you run out of cash because you can use it to pay your bills or purchases instead of cash.
  • You can cash advance at anytime when you need money. There is a Cash advance limit depending on your card and the interest charge is a little bit higher compared to regular card transaction.
  • You can use it to pay online merchants at anytime.
  • It offers cool rewards or promos that you maybe eligible depending on your credit card transactions.


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