What Is A Credit Card? Advantages And Disadvantages – Hello friends how are you all? Hope you are all healthy. Friends, today we have once again brought information for you on an important subject. Today in this article, we will tell you what is a credit card and how to make a credit card, friends, if you also want to make a credit card for yourself, then this article is going to prove very important for you because in this article you will know what is a credit card ? Friends, read the article till the last to complete the information.
We are sure that all of you must have heard the name of the credit card. Friends, if you conduct an online transaction or go to a bank, you will get to hear a credit card, but many people are confused about what is a credit card . Nobody has accurate information about credit cards, so we thought that today we should tell you about credit cards.
Ever since society has become a little technical, people have started to understand the value of online transactions, so people now use online transactions. In this era of internet banking, people need credit card, ATM card ,debit card. Many people thinks that credit cards, ATM cards and debit cards are all the same, but friends, credit cards and debit cards are very different.
If you also confuse about credit card and debit card and you do not know what a credit card is, then after reading this article you will get complete information about the credit card.
What Is A Credit Card?
All of you must have seen the ATM card. Credit card is a plastic card just like ATM card, the only difference is that you withdraw money from the ATM card but you cannot withdraw money from the credit card.
A credit card is a kind of small bank that you carry with you always. You can use credit card to make fuel in the car, online payment anywhere.
Credit card is not easily given to any ordinary person. If you want to get a credit card, then you always have to keep an amount of at least ₹ 15000 in your bank, if you have less than 15000 amount in your account, then your credit card will give you No will be provided.
Along with this, to get a credit card, you have to deposit a fixed amount of at least 50000 in your bank which is a fixed deposit.
Advantages And Disadvantages Of Credit Card
Friends, it is absolutely true that if credit card has some advantages then it also has some disadvantages. Let us elaborate on some of the major advantages and disadvantages of credit cards.
Benefits Of Credit Card
If you want to buy a product that costs more than ₹ 10000 and you need a mi loan, then you can easily buy this product using a credit card.
If you shop with a bank using a credit card, you will not deduct money from your account, rather your credit card will deduct money.
If you buy any product from the edit card, then you can pay for it for 50 days.
All the online shopping companies in this world have credit card facility in all those companies.
If you shop or pay with your credit card, then you also see many cashback offers.
Friends, there were some major benefits of credit cards for you.
Credit Card Loss
Friends, as we have already told you, credit cards have both advantages and disadvantages. Let us tell you about any loss of record.
If you use a credit card, then you will start spending unnecessarily because you do not give money from your account when you buy with a credit card, so you will buy unnecessarily.
If you do not pay for the goods purchased within 50 days, then you will have to return the payment with double interest.
If your credit card is caught by a hacker, then your entire account can be empty and your information can be misused.
If you have given your credit card information to someone, then it can hack your credit card, due to which you will face many problems.
There is a high possibility of fraud by using credit card.
So friends, these were some of the disadvantages of credit cards. If you use a credit card, then you have to face these problem .
Friends, what information ends here today. Today we told you what is a credit card and what are the advantages and disadvantages of credit cards? We hope that after reading this article today, all the matters related to credit cards will be cleared. Friends, if you want to get other similar information, then read our article daily.