My opinion about credit cards

credit cards - The name itself states that you have a cash credit on your card. in other way , it means , its a fully loaded cash card where in you can use the cash on your card for shopping , paying your billing and many more to say. The money is stored on the card in the digital form and this is connected to your physical credit card account.

credit card has become an ubiquity these days , carrying huge amount of currency notes in these days is insecure and is not invited due to thefts and many unwanted acts of personal attack, this bottleneck has been overcome with the emergence of credit cards.

There are many factors which should be considered before going in for a credit card, credit card do have advantages, but at the same time it carries with it disadvantages.

Please ensure you have only one or a maximum of two cards

One of my friend had 6 credit cards and he kept on swiping the card , whichever he got on his hand. Today he is deep debt trap as he is unable to pay the interest accrued on his cards, due to the free interest period expiry and due to his negligence of not tracking the funds flow and proper account maintainable due to lack of seriousness.

Please ensure that you pay the balance within the given period of time, normally its one month for my card.

Please use the credit card , if and only if its needed.

secure your personal computer by installing various anti virus and anti spywares. hacker send Trojan horse to track your credit card information.

If there is a 5% - 10% cash back credit cards offer , then Its worth to purchase an item of high cost like for example TV, Refrigerator, washing machine laptop , many more to say.

There are various credit card companies coming up which provides the balance transfer credit cards facility, this means , you can transfer the existing balance on your card to the different card of low credit charges. you are levied a fees for this facility.