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Reasons To Get A Credit Card

With the rapid evolution of the digital payments industry, traditional cash and cheque payments have been replaced by plastic money and electronic fund transfers. Credit cards are very popular when it comes to making payments today.
If you are on the fence about applying for a credit card, then this guide will help you decide
Here are some reasons to get a credit card:
Ease of use:
Using a credit card is very easy. When you use credit cards for online payments, you need to enter the CVV number and any One Time Password (OTP) or a pin that you have and once the transaction is authenticated, the payment is complete. When you’re swiping a card at a merchant outlet, you will need to authenticate it with a PIN. The whole procedure is extremely simple and even a layman who hasn’t used credit cards before can understand. Changing the credit card pin is also easy and can be done online.
Credit period:
One of the biggest reasons to own credit cards is the credit period. In a debit card, the funds are debited immediately from the bank account. ...
... However, in a credit card, you can make spends against a particular credit limit. The bill for a credit card generally has to be paid around 3-4 weeks after the end of the month in which the spend is made. This credit period helps with fund management.
Credit card points:
The best credit cards have a point system where you earn points for every rupee you spend. These points can be redeemed later on for different gift cards and vouchers at merchants. Each credit card has a different method for calculating points. Before you get a credit card, it is important to check how you accrue credit card points.
Discounts and offers:
One of the reasons to own credit cards is the different discounts and offers that you get on these cards. Credit card companies tie up with different merchants to give special discounts and offers like cashbacks, vouchers, no cost EMIs to their customers.
Airline miles:
Some of the best credit cards help their card holders earn airline miles for each rupee spent. These miles can either be for a particular airline when the card holder buys an airline co-brand card or the credit card points can be redeemed into airline miles for different airlines. These cards help frequent travellers to save on airline tickets.
Consumer protection:
Credit card companies have a robust consumer protection system in place. In case you are charged for a transaction that was declined or a transaction wasn’t made by you, you can dispute the charge and file a complaint with the credit card company. The credit card company will investigate and in most cases reverse the disputed charge.
Build a credit score:
One of the factors that is considered in a person’s credit score is the credit card debt. If you’re a customer who pays credit card debt in time, then it will help improve your credit score. If you don’t have a credit score, making regular payments to your credit card bills can help you build a credit score.
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