Advancement in technology has made the lives of people easy as now going to a bank for a loan is an
unpopular action and used to happen more in the past.
These days’ people have gone crazy with the use of
credit cards.
The question is what is the use of...
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Advancement in technology has made the lives of people easy as now going to a bank for a loan is an
unpopular action and used to happen more in the past.
These days’ people have gone crazy with the use of
credit cards.
The question is what is the use of credit cards? The “Credit cards for UK people” is type of
advance money that one takes from a bank to which that card belongs.
The amount which one could
borrow with its use is limited.
It depends upon the type of card being used.
When the credit card holder
uses the required amount, then at the month end he is required to repay the same with some interest for
the period it was used for.
One should know the positive and the negative points of using a credit card, before getting one issued
under his name.
It arranges instant cash during urgency without any formality.
No annual fee is charged
for its usage, so one should check for it.
Monthly balance should be cleared off every month as it means
repaying lesser amount of interest
Less
