Agriculture

Is credit card good or bad in (Pakistan, India) – MoneyPluck

Hello, friends today we are going to see whether the credit card is good or bad is it profit or loss and further details were going to discuss in this article.

Credicard Pic
Is credit card good or bad in India?

Actually, there is a way to make a profit by investing in credit cards.

Actually many people are thinking that a credit card is very risky to buy and they are afraid to apply for a credit card…

People must understand one thing that the credit card or share market is just a commodity and it is not a living entity that can voluntarily bring your loss… If you know how to handle it with the proper knowledge then you can really earn money with a credit card.

It all depends on that how you are using the credit card…

On first of all a for going to pick up a credit card, you have to listen to the following details…

Firstly you have to look at Credit Card Annual fees. How much you have to pay annually for holding a credit card? Is there any offer for annual fees? If you are paying 500 Rupees as credit card fees annually then this offer can totally be free for you… therefore check if there is any offer on the credit card.

So, what are the advantages they are giving for that card, and what are all the coupons they are giving?

If you are using 50000 rupees every year using that credit card then you may get offers or coupons available for your credit card.

Each credit card company will have their own announcements and offers…

Then not down the EMI offers water EMI offers and cash rewards they are giving… if you buy that credit card.

Then know how much credit their availing for you…

First of all, keep a mindset before buying any credit card, think about this if anyone is selling a credit card to you… Then you have to understand then they are clearly trying to make you spend more money…

Let us keep that you are spending 5,000 using a credit card every month. You have to buy a credit card only if you have 5000 expenses if they are saying that you can spend 25000 Rs per year then you have to care that your expenses do meet the 25000 Rs on yearly basis.

You should not think ok how you should newly plan the expenses for 25000 rupees… only if you already have 25000 rupees as a yearly expense then you should avail for credit card…

For example, your monthly bill may be a phone bill electric bill medicinal bills cable bills diesel Petrol bills train booking bus booking and travel expenses keeping all these expenses you may have 2500 to 7500 rupees monthly expense…

Otherwise, you may have your parents or somebody in your family member who don’t have a credit card for themself and therefore you can use your credit card and buy for them while you can get the cash directly from them. This way you can show your monthly or yearly expenses for a credit card to the credit company…





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