The use of credit cards has become very common. There is hardly any purse or wallet that does not carry a credit card. It is a small card made of plastic but has the ability to fetch you anything from apparels, shoes, books, cosmetics to a house loan or a two-wheeler even. It is convenient to carry as well. The credit cards are issued by banks to individuals to be used as a system of payment. The user however has to promise to pay back the amount within a specified time. There is a credit limit on every card issued. According to your payment records, the financial institutions increase the credit limit so the card holder may then make more purchases.
Credit cards have become all the more interesting with the introduction of reward points depending on the amount used. During festive season specifically, bonus points are added to the existing reward points and it becomes more fascinating when on redemption. There are innumerable items that you can choose based on your accumulated reward points. Some of the credit cards rewards programs can be cited to make things even clearer.
There are different kinds of credit cards; Master, Visa, Visa gold, International, platinum and many others. Each one offers its own features and different credit limits and various rewards. These are offered as an incentive, either in cash or kind for its use. There are various ways in which this is carried out. The most common that its customers prefer are cash back, discounts, or the 0% interest free transactions. Many companies have tiered up with the most popular companies to make their offers more appealing. Many of these offers include, cash back, flight tickets, hotel bookings, package tours and online bookings of air, train or bus travel. Along with discounts, certain points are also added to your credit card enables you additional all at no extra costs.
If one has more than one credit card, then the balance can be transferred from one to the other that charges the minimum amount of interest when you are paying in installments. The use of credit cards has become increasingly popular. There are DSAs who sell these cards to customers for free while explaining all the facilities that one can enjoy.
It is advisable however, to check out all the offers of different credit card companies and their rewards before using them, to ensure that you redeem all your points before they expire.