Credit-Land.com is an independent, advertising-supported web site.
Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site.
Compensation from our advertising partners impacts how and where their products appear on our site,
including, for example, the order in which they may appear within review lists.
Credit-Land.com has not reviewed all available credit card offers in the marketplace.
Credit cards are the most convenient way to pay for your expenses. Understanding credits cards and its usage and policies is quite simple. Credit cards are plastic card with a magnetic strip. It is used for many purposes like banking and purchase. The main advantage of using credit card is that you do not need to immediately pay for the product or service that you buy. It is a way to borrow money for an interest free period for a specific period of time. You can also delay paying for the product by paying extra interest charges; credit card also helps you buy products and services from the comfort of your home through secure online shopping.
How does a credit card work?
You are issued a credit card with a limit amount. You can make any kind of purchase with your credit card be it online or international payments. Whenever you swipe your credit card at the billing counter the bank is informed about the transaction. The bank pays for the money at that point of time and reimburses the money to the merchant. The same amount will be reflected in your monthly bill and you will have to pay only the amount that you purchased without having to pay any kind of interest for the free grace period.
Simple ways of understanding credit cards
Every credit card company has its own specific set of policies. Make sure you have read and understood all terms in regards to interest charges, balance transfer and advance cash options. You can always consult with the bank representative in case you have any query.
There are also two types of credit cards that you can choose from. They are secures and unsecured credit cards. In case you want a secured credit card than you will have to deposit an amount of money with the bank as security hence the name. This option is best suited if you do not use your credit card often and only use for purposes like booking a hotel or plane ticket.
Unsecured credit card is the most popular form of credit card. Your credit history will play a major role in deciding whether the bank issues you with an unsecured credit card. You need to have a good credit history and debt management history to take advantage of this type of credit card.
Credit cards are indeed very useful and helpful tool!
However, you need to learn how to manage your credit bills for that blissful financial life. You need to weigh your paying limits, and therefore choose card that let
Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
There`s no doubt about it - holiday shopping can be a truly stressful endeavor. Not only are there often crowds and chaos to be encountered at stores, but there is the challenge of finding gifts for everyone on your list while staying...Continue reading
Utility of credit cardsCredit card can prove to be a very useful tool if you know how to make the best use of credit cards. But it can be like a monster if you do not utilize it properly and don`t plan your credit card investments and...Continue reading
Thanksgiving is coming, and whether you are hosting a meal or coming as a guest, your spendings are going to accumulate faster than you can notice. A holiday feast is a costly matter – each year Americans spend around $50 on a Thanksgiving...Continue reading