Are you wondering on whether you should apply for a credit card? Well, the simple answer is Yes – you should apply for a credit card. There’re many advantages from having a credit card. The credit cards seem to have changed our lives. Today, you find ads in TV/newspapers/website/shops and almost anywhere and everywhere; all asking you to apply for a credit card. When you look around, you see that most people have credit cards. In fact, most people have several credit cards. Everyone seems to apply for a credit card. So, let’s learn why you should apply for a credit card.
There are a lot of benefits associated with credit cards; however, the most important one is the convenience that they offer. For most people, this is the best reason that instigates them to apply for a credit card. Instead of carrying a lot of cash on you (which is both inconvenient and unsafe), you can just carry a small piece of plastic with you. Moreover, you get interest free credit i.e. you don’t have to pay the bills till the next monthly billing cycle. So, you can buy now and pay later (when your salary arrives) – a great reason to apply for a credit card. To add to that, there are certain merchants that offer interest-free installment payment plan i.e. you can make a big purchase today and pay for it in instalments on your credit card. So credit cards works as instant long term loan too (not just a monthly loan). Yet another good reason to apply for a credit card is the discounts on shopping. This is made feasible by the tie-ups between credit card companies and the merchants. So credit cards offer many benefits.
There are several ways in which you can apply for a credit card – you can apply for a credit card in person, you can apply for a credit card on the internet and you can apply for a credit card on phone too. To apply for a credit card, you will need to fill-in a credit card application form. When you apply for a credit card, you basically enter into an agreement with the credit card supplier (the form that you fill when you apply for a credit card is actually an agreement). After you have submitted your application, the credit card company conducts certain checks to determine your credibility; and if everything is fine, you receive the credit card.
So, applying for a credit card is easy. And there’re a lot of benefits from having a credit card.