Credit Cards Are Good If Used Properly

Credit Cards Are Good: Credits Cards are Good Or Bad? Ask this question to a person who owns credit card or cards. Well today you can easily find a single credit card in everyone’s pocket. If you own a credit card then you know if it is an Asset to you or a liability. Well, we are not saying credits Cards are bad neither we are saying credit cards are bad. But as we all know, a coin has two sides. Just like a coin everything has its own advantages and disadvantages.

When you think about getting a credit card keep one thing in mind it will never make a hole in you pocket if you use it properly. But if you don’t use it properly it will definitely going to make a big hole in your pocket. In a long run and if used properly, credit cards can can help you enhance your financial health.

In this blog post we are going to share some of the advantages of credit cards and disadvantages of owning a credit card. Read till the end and you will know if it fits for you or not.

Advantages of Credit Cards

So good things first! Let’s know how credit card is beneficial for you and what are the benefits of keeping atleast one credit with you.

Gives You A Power Of Credit

Don’t get us wrong. Power of credit means it gives you permission to make necessary purchases for the time being. You can easily buy things without having hard cash in you pocket with the help of credit cards. All you need to do is to plan you finances in such a way that you can repay the credit amount. Credit card companies or banks gives a time period to repay the amount without any interest.


Going to buy a smartphone that is not in your budget or you can not pay the whole amount at once. What to do then? Swap the card. Yes, with the help of a credit card you can make large amount purchases and then convert the amount into EMI’S. Later you can pay the amount in parts like 3 months, 6 months, etc as per your convenience. Sometimes credit cards also offer interest-free EMI’S.

Create financial stability

Credit card debt that is paid off on time helps create a sound financial situation. One of the key advantages of credit cards is that, with correct use, they can really assist you in establishing and maintaining a line of credit. Banks can check your card usage and credit repayments using this line of credit.

Improve Credit Score

Effective use of a credit card demonstrates your ability to manage your finances. Therefore, owning a credit card enables people to raise their bad credit score. Credit cards are frequently employed as “credit builders” in order to develop and strengthen your borrowing practises.

Money Transfer

One of the main benefits of using a credit card properly is that it enables you to move money (Balancde Transfer) between accounts, even if those accounts are not from the same credit card issuer. You can reduce the applicable interest charges with this option. For instance, if you have a debt from one credit card that needs to be paid but don’t have the money right now, you can choose to transfer the balance to another credit card and take advantage of the lower interest rate charged by the new card. Additionally, in some circumstances, you may be able to benefit from introductory balance transfer interest rates of 0%.

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