If we buy any product it is easy to pay through credit card or debit card instead of paying money. For some online transactions it is easy and instant transfer is possible using cards. It is easy to get debit card. Any account holder can get debit card as we can use only our account balance using debit card. Getting Credit card is not easy as we can borrow money from bank whenever needed. Later we can pay that due amount in installments and some basic charges will apply prescribed by bank. If we are in urgent need of money then we will think of money lenders with high rate of interest. But we can also choose credit card option as there will not be any interest if we pay that due amount in time. If we are not willing to pay complete amount we can also pay some minimum amount to avoid late fine fee.
Interest will be added only if we miss to pay our credits for a long time. Every bank has some due time period provided and action will be performed after this time period. Rate of interest will completely depends on the type of card we are using. For large business credit cards the arte of interest will be very high as due amount will also be in large amounts. For regular employees the bankers will issue only standard credit cards and there will be amount limit and purchase limit depending on our monthly pay. Interest comes into action only we miss to pay the minimum amount at least. Using credit cards will offer many exciting offers for some online shopping websites. Reward points will also add to our account which we can further use for purchasing any product.