CREDITCARD IS GOOD OR BAD ?

CREDIT CARD

A credit card is a payment card issued to users (cardholders) to enable the cardholder to pay a merchant for a transaction based on the cardholder's promise to the card issuer to pay them for the amounts plus the other agreed charges. The card issuer (usually a bank) creates a recovery account and grants the rule of a card to the cardholder, from which the cardholder can borrow money for payment to a merchant or as cash in advance.

A credit card is different from a charge card, which requires the balance to be repaid in full each month. In contrast, credit cards allow consumers to build a continuing balance of debt, subject to the interest being charged. A credit card also differs from a cash card, which can be used as currency by the owner of the card. A credit card differs from a charge card also in that a credit card typically involves a third-party entity that pays the seller and is reimbursed by the buyer, whereas a charge card simply defers payment by the buyer until a later date.

Pro and corns

Now a day credit card is being offered to the person who is best with is the credit score.
Bank also give this card to the loyal client.
It is now becoming a fashion to have a credit card.
Because you could enjoy money when you have no money.

There is a dark side to it that could charge you a lot with a penalty.  Pm

Suggestion

The best thing for credit card users is as much money you have in your bank that much you should spent not beyond that.

And activities auto Debit

option from the bank account option.

  OR

Don't use a credit card

If you are to take a credit card then ask those questions

1.what is the charge for the Annual fee?

2.what will happen if I fail to pay?

3.what is the charge if I fail to pay for one year?

4.can you directly Debit money from my account(you should surely choose this option)

5.what limit you are giving me?

6.what happens if I withdraw cash from Atm with a Debit card?

7.what should I do if someone illegal transaction using my credit card?

8.what should I do if my card is stolen?

9.ask them what are the corn of credit cards.?

10.why should I take a credit card?

Thanks for your time

Consider These Things before you take a credit card?

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#creditcard aware ness

#credit questions to be asked

#creditcard corns

#why don't take a credit card.