WHY TO USE CREDIT CARD OVER DEBIT CARD : Explained

 

 Hello Guys , In this article we are going to learn why credit card is better than a   debit card 

 Credit Card is basically a financial instrument that enables the consumers to buy   goods and services at a credit and the users can pay the full amount or the   minimum amount in the given due date 

 Benefits of a Credit Card Over Debit Card : 

 REWARDS: 

  Most Credit cards of bank provide rewards or reward points for all the                  transactions made with credit cards. These rewards or reward points can be redeemed to get cash or any other gifts.

 CASHBACK :

 Credits card of different banks offer cashbacks on certain products . example of   SBI cards on Amazon ,Axis bank of Flipkart , HDFC credit   cards offer a   whopping 6000rs cashback on iphones in certain sales and festival seasons .

 CREDIT SCORE:

  Using credit card for transactions and paying the credit amount before the due      date on time to time basis increases the credit score of a person which makes      the availability of loan easily to user in emergency purposes

 PROTECTION FROM FRAUD :

 When a fraud has been taken place                                                                     In case of debit card you lose all your money from the bank account and all the   scheduled payments gets affected and decreases your credit score 

 But in case of an credit card, the user can cancel the card and prevent further     fraud lent transactions Which prevents loss of money 

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this article has useful content that helps u gain some knowledge 

--Team frenzeid