A credit card is a cash card which is issued to the user as a mode of payment
. The cardholder or user can use credit cards to pay for any purchase based on mutual co-ordination to pay for the services or items later. A revolving account is to be created before-hand while issuing the credit card to the user and a limit of credit is decided. People often get confused between a credit card and charge card but, these are totally different.
Charge card has the policy to pay the balance at the end of every month and on the other hand, best credit card in India give liberty to the users to attain a debt on which interest is charged. Credit card apply procedures are very easy and students or corporate people can avail the facility after going through the necessary terms and conditions. There are many Credit card advices that one can take up for saving the money and resources in responsible ways. Some of the credit card advices are as follows:
1. There are many banks which provide annual charge free credit cards. Only few are there which put annual charges on the use of credit cards and most of the people get fooled by thinking that process is obligatory. The banks which don"t have any annual charges on their credit cards lay out the term like usage of credit card for purchase up to the minimum limit decided beforehand. So choose credit card apply services by reading the terms and go for the ones which suit you the best.
2. Credit cards come with very simplified terms and conditions but there are many scams related to them. Some of the scams follow that credit card holder is linked with health insurance and will be charged from his card for the health insurance policy as per guidelines but no such policies exist. Hence, you should go through the terms and linked charges beforehand, before taking the services of credit cards.
3. There are many banks which provide best credit card in India that provide the facility of SMS confirmation on your phone whenever a purchase is made by your card. This will give a brief track to your account statement. Hence, if you ever change your mobile number then always update the number to keep track of your future charges.
4. Whenever you are paying your balance of usage of your credit card, do it in advance. For cash deposition a day is enough. If you are paying through online mode, then 2 days beforehand transaction should be made and if the mode of deposition is cheque then 3 days is the minimum time transaction in your account. Hence maintain your time accordingly to save yourself from extra charges.
These are some of the credit card advices for students and corporate people that will help you in using Credit cards conveniently and safely.