What are the benefits of owning a credit card?

Budding Star

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.

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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