Sunday, September 20

Tag: card

10 Quick Advantages and Disadvantages of Credit Cards
Finance and Business

10 Quick Advantages and Disadvantages of Credit Cards

A credit card is something that allows you to use cash in advance to pay for goods or services. It is a plastic card which the user can issue from a bank. It helps you buy things on credit and you are liable to pay the amount later. A credit card comes with a credit limit, which is the total cash available to you, and an interest rate. Each time you make a payment, the amount gets deducted from the card. Given below are some of the advantages and disadvantages of credit cards. Credit cards have lots of benefits and few drawbacks as well. So let us now look into them. Advantages of Credit Cards:- The major advantages are listed here, Keep track of expenses Credit card statements are available on a monthly basis. It shows how much you have spent during the month. This helps keep a che...
Advantages and Disadvantages of using Debit Cards
Finance and Business

Advantages and Disadvantages of using Debit Cards

The banks gives the customers many facilities for accessing their money worldwide without going to the bank. And debit card usage is one of them. Debit cards have become more popular since, it saves lots of time and easy usage. It functions in two ways. One it can be used in the ATM for getting out the money from the bank. Second, it is used as a check while buying any items in the shop. People prefer debit cards more than credit cards and other bank facilities. Even though the concept of using debit card is hit, still it is associated with drawbacks. So, here are some Advantages and Disadvantages of Debit Cards for you to keep in mind.   What are the Advantages of Debit Cards? Easy to apply: The debit cards can be easily got in the bank. The user should have an acc...