Category: Finance, Credit.
When you shop for grocery or buy tickets to fly with your credit card, your lending institution make sure to pour you with lucrative offers and deals.
These points can be in form of air miles, cash back etc, petrol miles. Sometimes, there are loyalty bonus points, which add to benefits at further purchases. All they do is to encourage you for further usage. Keeping a minimum of one credit card and maximum two, is a sound decision for any individual. Despite the cajolement, you need to keep track of your expenditure and manage your finances well. If you are a businessman, then you can go for separate business credit card. As both are separate entities and must be dealt accordingly.
It is advisable to keep the business and individual finances separate. The institutions providing credit card facility has tie ups with merchant establishments, which help in promoting their products mutually. You need to have a credit card, which offers you the most in terms of financial security and transparency. You are user of these products and services, avail them with a sound judgement. It means, there must be no hidden charges and the services must be sufficient to facilitate comfort at transactions. Keep yourself well- informed about the same. When you make transactions, your credit statements reflect additional charges in lieu of that.
Have a comparison and evaluation before you accept a credit card. Seeing your increased usage, your financial institution may also provide you with additional credit card facilities. Going online to find and compare the services will be a wonderful idea to carry research. Like, they may provide you with fuel credit card, air miles credit card, premium credit card etc. A lucrative credit card offer can make you run into heavy debts. You must accept or use credit cards, which are relevant to your expenditure.
Be a planned and well organised person at your finances. Think before you swipe your plastic money this time.
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