Imagine you are employee and you have to pay all your monthly bills at a time in one week. It is impossible for you to pay all the bills in busy schedule. Credit card will solve all such problems in a very simple way. Using Credit card you can pay all bills sitting in one place. Now-a-days many of us are using Credit cards mostly for online purchases only as they provide the easy way shopping. Different Cards will offer different offers and different discounts depending on transaction amount. For sudden and unexpected situations, it is mandatory that we should have enough money all the time which is not at all possible all the time. In such cases Credit card will come into play a major role.
We can use Credit card for our own limit. Some Credit cards has amount limit and some will not have any limit. This completely depends on the type of Credit card we are using. Different Credit cards will different amount limits depending on our requirement. Before taking Credit card we should enquire about its limit and the due date. We should also be careful about the rate of interest that will charge for if we fail to pay minimum balance in given time period. Limit depends on the type of Credit card we are eligible. Initially we should be very careful in finding out different types of Credit cards available in the market for different banks.
- Some Credit card will have any limits and we can use these cards for all online and offline purposes also.
- Some will have certain limit and there is no chance of crossing this limit at any cost.
- Some Credit cards will have limits and there is a chance of crossing this limit but the rate of interest varies after the prescribed limit.