A credit card is a plastic card commonly referred to as plastic money. Unlike debit card which is directly linked to your bank account, a credit card is not linked to an account. If you purchase any goods or services using a credit card then your credit card issuer pay for it to the vendor on your behalf and you pay it back to your credit card issuer at the end of your billing cycle. Different banks offer a wide range of ICICI credit cards catering to various customer needs like shopping. dining, travel etc. Points given below will help you in understanding, why you should use a credit card.
Benefits of Using a Credit Card
Majority of credit card offers a great deal of joining bonuses to customers. If your credit score is good and you fulfill all the eligibility criteria laid down by credit card issuer, then you get varied kind of welcome bonuses like bonus reward points etc.
You earn reward points on all purchases made with credit card. These reward points can be redeemed at any partner stores. It’s better to analyse your spending pattern first and then select a card that fits well with your spending pattern. As using a card opposite to your spending pattern will be of no use to you, you won’t be able to redeem reward points in such a situation.
On using credit cards for payments you get attractive cashbacks, which helps in reducing the costs of your purchases. So, using a credit card helps in saving on the costs.
Credit card helps in building your credit score if you pay all your credit card bill on time before the due date. On the contrary, non payment of credit card bill even after the due date or delayed payments affects your score negatively.
Credit card offers you an interest-free period referred to as grace period. Credit card billing cycle is followed by a grace period, during which no interest is charged. So, using credit allows you to avail an interest-free credit for 48-50 days.
Alternative to Cash
Credit card is the best alternative to cash. You need no to carry cash everywhere as credit cards are accepted everywhere, within your country and outside your country as well.
Process to Apply for Credit Card Online
For online application, you can visit bank’s website or you can apply through online aggregators. Steps to apply for a credit card online through an aggregator are as below:
Step 1: Fill in the online application form containing your personal details (name, address and contact number) and occupation details.
Step 2: A credit card representative will contact you, he/she will explain you the application process, credit card details with benefits and the documents required for applying credit card.
Step 3: Credit card representative will fix an appointment (Date, Time and Place) as per your convenience with the bank.
Step 4: Bank’s executive will call up to verify your details and he will fix an appointment for documents pick-up at a time and place selected by you. You can reschedule appointment as well.
Step 5: Post documents pick-up, if your application is approved you will receive your credit card within 10-15 working days.
Keeping the benefits listed above in mind apply for a credit card. For easy and quick approval apply through different online aggregators.
Are Dentists Doctors? We asked a Dentist
8 Awesome Design Cars that You Can’t-Miss to See
How Kids Can Learn Modern Greek Quickly Through Online Marketing Courses?
Why Flexible LED screens for Stage are important for Concerts?
Top 5 Industries for which Cloud-Based Phone System is Important
4 Crucial To Build A Profitable Food Delivery Business
Top 7 Smart Fridges to Consider in 2019 [Buyer’s Guide]
How to Redirect Users to a Random Post in WordPress?
What are the Job Responsibilities of Concreters?
Everyone’s talking about AI, but nobody’s talking about building apps for it!
How To Build up More Efficiently New Blog
Factors to be considered before WordPress theme for your Website or Blog
Trending Sleeve Designs and Patterns For Kurtis
Importance of Color Psychology in Digital Marketing
Confused regarding the best kind of flooring for your house? This short guide will help you select the best one
9 Steps For Effective Advertising On Youtube
Step-by-step guide on how to install a turbocharger in your car!
All you need to know about teeth whitening
Era of Revolution in Digital Marketing
Everything you should know about the weather in Hawaii
- Home Improvement2 years ago
How To Decorate Home With Vintage Home Accessories
- Finance1 year ago
Get Ready Before it is too late! Hire a Tax Specialist to Get Your Taxes Prepared
- Technology9 months ago
The Trend of Android TV Box
- Home Improvement2 years ago
Best Roof Design for Snow
- General1 year ago
What Makes XLPE Insulation so Special for Users?
- Digital Marketing7 months ago
5 Not Obvious Ways to Promote Your Blog
- Software1 year ago
How to Choose a Web Development Platform for Small Business
- General1 year ago
Why Wear Lederhosen in the Customary Fashion with Suspenders?