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Advantages And Disadvantages of Credit Cards

Submitted by frndzzz on Mon, 12/29/2014 - 04:00

Some of the Advantages and Disadvantages of Credit Cards are given below. So let us check it out some points regarding advantages and disadvantages one by one.

Some Advantages of Credit Cards are:

  1. Online Shopping is possible with credit cards.
  2. Online bill payment is possible with credit cards.
  3. Instant loans is credited in account with low interest rates.
  4. EMI option is available using credit cards and hence easy shopping of products online.
  5. You can check your credit card statement and easy to check all transaction any time online.
  6. No need to visit bank , money can be transferred to other account with phone banking or online banking.
  7. Easy mode of payment.
  8. No need to carry cash , you can refill fuel or gas in  your car using credit card at petrol or gas stations.
  9. During emergency credit card is very useful mode of payment.
  10. Credit card is safer than carrying lot of cash . Car, hotel or airoplane booking is easy with credit cards.

Some Disadvantages of Credit Cards are:

  1. Credit card limit is assigned , hence you cannot use more than that.
  2. Failed to pay credit card bill by due date may charge some extra amount.
  3. Some times hidden cost are their while using credit cards.
  4. Some times there are high interest rates.
  5. Credit card fraud is common these days hence do to share PIN NO.and other credit card details with any one.

Explore more Information

The Advantages of Credit Cards

Submitted by frndzzz on Mon, 12/17/2018 - 13:37

Get some idea about advantages of using a credit card such as improving credit scores to financial protection or building credit history. Let us find out some of the uses of having it.

Some useful points of having Credit Cards

  • No need to carry cash
  • No need to go for ATM if we need money urgently
  • Book Flight tickets
  • Book railway tickets
  • Book hotels
  • Can build credit rating
  • Record keeping (Credit statement)
  • Online Shopping
  • World wide acceptance
  • Global method of payment

 

POR Full Form in Aadhaar Card

Submitted by frndzzz on Mon, 07/08/2019 - 18:19

POR : Full Form in Aadhaar Card, its meaning and information is given below, so check it out some details on Full form of the the term POR whic is used in aadhaar card.

The full form of POR in Aadhaar card is Proof of Relationship. Set of documents comprising details with head of family. This are the documents required to submit to proof the relationship with your family.

Other similar terms are also explained on this website to know more about aadhaar card.

Full Form of ATM

Submitted by frndzzz on Sun, 06/29/2014 - 16:35

ATM - Automated Teller Machine

Complete information about ATM:

An electronic swiping card is Automated Teller Machine.

which is used to safe payments in many ways like online shopping, billing etc.

Using this card we can shop online, pay bills and transfer payment to other another person's bank a/c.

How to transfer money online from HDFC to SBI Netbanking

Submitted by frndzzz on Thu, 03/31/2016 - 04:48

Let us find out how to transfer money online from HDFC bank to SBI bank. You can trasfer money instantly within seconds , no need to add beneficiary and to wait for 24 hrs for approval.

You need to follow six simple steps in order to transfer money from hdfc to sbi or any bank accounts within seconds - instantly or quickly

Advantages and disadvantages of Debentures

Submitted by frndzzz on Tue, 04/24/2018 - 07:58

Check out Advantages and Disadvantages of Debentures discussed below. So let us find out some information  to know more about it. The debentures which are generally issued by the corporations, are promises to pay specific amount of principal or money at a specified time or date over the particular course of the loan tenure, during which time interest is paid at a fixed rate on decided dates.

Advantages of Debentures :

Debentures is used to provide long terms funds to the company when needed.

Advantages of internet marketing

Submitted by frndzzz on Mon, 07/28/2014 - 03:04

Advantages of  Internet marketing - It is also known as online marketing, In order to increase sales of any product using "internet" or web  marketing is done. There are various advantages of this type of useful  "internet marketing" along with online advertising can be done in various ways such as advertising on websites, blogs, email, and many affiliate programs are also available along with it to increase the leads of products and hence higher profit.