Credit cards are worth it or not!

Things are changing around us very rapidly. Or you can say very fast, because as the technology is growing, so do the things are earlier. People used to pay offline. Now everything is online it is easy to use. You have to pay for everything online, and you can do it just in a few clicks. If you want to shop online or anything, you can name it, and everything is available online. In a few clicks away. Yes, we should. We have to be careful while doing online payments and transactions because sometimes some scammers or hackers wait for a small mistake, and everything is gone in a few seconds. There are lots of ways by which you can finish your payment, or you can transfer money But now we do see there is another option, which is on highlight or you can say, in the news, that is the credit card.

Yes, it might not be new for you. You have been familiar with this. But where I do live, I have seen this trend for a few years, and it is going up very fast. If you do earn a decent amount of money, then you. Get a good CIBIL score and based on that, you get a credit card, and your limit will be increased as per your transactions from the card. And this is obvious if you are a good citizen in terms of paying your bills and you are not a defaulter, then your civil school will improve. And slowly, your limit will increase too.

If you are using your credit card for paying bills and using it and pay repaying your bills on time, then that is good for you, if you will miss any payment. If you did get well into the trap of credit card loans or bills, then that might be dangerous for you because that is going to pay a lot more than the principal amount you have taken. You will find out tonnes of youtube videos on which YouTubers will guide you on how to use your credit card wisely. And I think you should listen to them because if you are new to credit card things, then you must learn how to use it wisely and how to not make mistakes that others do.

I think if you are paying your bills on time and using your credit card wisely, not spending your money worthlessly anywhere, then it might be a good decision because there are a lot of discounts and offers you can get on your credit card. If you pay the full amount, then the amount can be increased But if you are paying the same amount in emi, then that might cost you a bit more. So if you want to purchase something, then collect or save some money for a few months, and then buy it with a credit card and pay the bill after one month in full payment.

Thanks for your support love and encouragement see you tomorrow till then take care.

Source