Its a Plastic World. Lot of Companies around globally issusing life time – credit cards .. They dont charge any fees annually. People are tend to use the credit cards quite a while and most of them know how to use the credit cards.

What is credit card ? How it is useful to the customer ?

Credit cards are given by leading reputated banks based on the customer creditability. Credit describes given certain amount to spend money on speculative period and to pay the amount on or before due date. Basically its been given interest free for the period mentioned by the banker. Once exceeds the period you are eligible to pay interest from the date of due date.

Credit cards normally gives 45 days to 52 days interest free on buying commodities / food and dinning / travelling tickets and so on.
To withdrawal Cash interest is charged immediately.

Those who wanted to utilise the card in better manner can follow the tips.

1. Not required to carry money everytime. Planning is not required to buy any products in terms of carrying money.
2. Card can be swipped across petrol bumps , restraunts, mutliplexes, textile shops and so on
3. Can easy pay utility bills like telephones, mobile bills, electricity, property taxes, internet bills, purchase railway/bus/air tickets just by clicking the mouse.
4. Every credit card has tie with brands.. so that the amount you spend on the card can be discounted as a point which converts into value

Importancy of using maximum benefit of a card :

For an example you want to speculate INR50,000 .. swipe the card in known people swipping machine they charge 1.67% to 2% and they give cash. for INR 50,000 swipping charges around INR 1000.

Credit card limit around INR 100,000
Starting date : 1st December
Billing date : 31st December
Due date : 15th January

Instead of borrowing from local market for 3% interest you can opt for credit card swipping. Every month starting swipe INR 50,000 so that you will pay INR 1000 interest everymonth. You can invest first swipped amount in your business .

If you want to lend money you can pay 2% everymonth and also you earn 500 points of every INR 50000.

500 points value INR 500 …

I feel you all can take advantage of the card. …