What are the benefits of owning a credit card?

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bobby_123

5 Benefits of Owning a Credit Card

1. *Convenience and Security:* Credit cards offer a convenient way to make purchases without carrying cash. They also provide security features like fraud protection and the ability to dispute charges.

2. *Building Credit History:* Responsible use of a credit card helps build your credit history and improve your credit score, which is essential for future loans and financial opportunities.

3. *Rewards and Cashback:* Many credit cards offer rewards programs, including cashback, points, or miles, which can be redeemed for travel, merchandise, or statement credits.

4. *Emergency Funds:* Credit cards provide a safety net for unexpected expenses, allowing you to handle emergencies without immediately impacting your savings.

5. *Purchase Protection:* Credit cards often come with purchase protection, covering items that are damaged, lost, or stolen shortly after purchase, as well as extended warranties on certain products.

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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Spearhead Spearhead
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Most imp feature is - u can get everything online or offline easy on emi's... U even can get loan on ur credit card limit, its also good feature if u can pay on time...

Deal Subedar Deal Subedar
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loan with interest is never a good feature:)


45 days free loan is fine 

but not EMI on credit card and not good to take loan on credit card

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Flame Flame
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Criticisms of owing credit card
1. High Interest Rates: Credit cards can have high interest rates, leading to debt traps.

2. Overspending: Credit cards can encourage overspending and reckless purchasing.

3. Fees: Many cards come with annual fees, late fees, and other charges.
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