Credit cards are meant to empower people with higher purchasing power, special rewards and added advantage of availing hotel stay, flight tickets, shopping bonanza, gift certificates etc.

Credit cards, a type of plastic money, seem to have turned into a necessity from a fancy. Previously, they were mostly pointed out as ‘vanity of wallets’ by the critics and those who defended a random use of credit cards. People would love to flaunt their haughtiness and status by the number of credit cards peeking out of the pockets of their polished leather wallets. However, presently banks and financial organisations have devised multitude of cards to make diverse ends meet of diverse types of users. As a result, both the masses of card members and multifariousness of cards are increasing.

It is utterly difficult to find out whether the increased number of users influences from introduction of various cards or if the variations in credit cards result in-from the growing interest amongst people. Whatsoever be the case, credit cards are evidently becoming one of the most preferred modes of carrying money and payment. Credit cards also give access to online banking benefits to the users. Members can take advantage of online banking for making payments, balance transfer, recharging their mobiles, paying electricity and other bills and in knowing remaining credit limit too.

Diverseness in cards is brought up to complement to purchase and payment ability, and also lifestyle of people. For example, there are frequent fliers and travellers who may opt for credit cards, especially designed for them, to get discounts on ticket booking, reservation of accommodations, booking of car rental services, cost-effective deals on shopping, visiting places, amusement parks or eating at fine restaurants etc.

Freedom of Purchasing

Credit Cards : Freedom of Purchasing

Multiple categories of credit cards assist people in multiple ways including acquiring reliable health check up and wellness programs, for business and corporate people to offer them special business class benefits with special rewards and money saving advantages to help managing their expenses better. The business users are also entitled to higher credit limits to aid extended capacity to spend money, especially when they are touring on either business or pleasure purposes. Business credit cards include special facilities to help corporate people managing employee care with add on cards for employees. Business cards also assist cardholders distinguish their personal expenses from business expenses as well as offer users with many additional perks and rewards such as airline rewards, cashback rewards etc.

If you are mainly focus on availing rewards, then concentrate on the reward point credit cards and cash back credit cards. These kinds of cards offer yielding incentives for using cards to purchase. While purchasing with these credit cards, the users accumulate points which they can redeem with various kinds of rewards. Cashback credit cards offer cash rewards to card members when these members use them more. Points and cash rewards increase as the usage of the cards gets higher. If you are a punctual credit card payer and do not indulge in postponing your payment cycles, then this type of credit cards suits you better. Otherwise, you have risks of accumulating repayable amount which would one day appear as a too large amount to pay off and generate bad credit reports for users. While cash back credit cards offer rewards in cash, the general reward point credit cards offer rewards in kind on rolling up of points. These rewards can be anything such as gift cards, jewellery, electronic gadgets or home appliances, stay at premium class hotels or suites, flight tickets and many more.

If you advocate shopping, the best way to de-stress and most enjoyable leisure, then apply for any retail rewards card or credit card offering ease of payments. Retail rewards credit card team up with prominent branded retailers ubiquitous around the world. On shopping from those retailers, card members receive rewards, either in cash or reward certificates. There are also those basic cost curtailing credit cards like low interest cards that may charge lower introductory APR before starting to charge higher rates after particular period, also may offer fixed interest rates etc.

Do you know that credit cards is known as “plastic money”? Basically in European country it is most famous. Most of the people are dependant either on plastic money or on loans.

Recent trends, shows that in India there is also the development of credit cards uses. Every users want to use the credit cards but they don’t know what is the reality of plastic money.

I am going to write down some my opinions, reviews and articles on plastic money. The credit cards is the trust in the bank according to the banks but is it reality?

Credit cards not the easy for common users also but in the European country a common users also use the plastic money, why?

All the questions I want to discuss here around you.