With the growing technologies and internet, the chances of internet fraud have become higher. Before doing a single internet transaction we tend to think a lot. We don't trust things very easily when it comes to money. One becomes very careful while handling money matters. When we buy a credit card, the first question that comes to us is ”Is it safe?”.
A credit card is a card that is issued by a financial firm, generally a bank that offers holders to get funds from them. The holder needs to return the bank with some interest as per the bank. Different banks have different interests. A credit card is a very valuable asset. It can help people in emergencies.
The different types of credit cards are:-
- Travel credit card
- Fuel credit card
- Reward credit card
- Shopping credit card
- Secure credit card
The few types of credit cards are listed above. From shopping to traveling, there are many types of cards available. Different credit cards have different features for different uses.
In general, a credit card comes with a lot of features. It enables customers to avail additional benefits other than money. People can get additional discounts, travel points, cash back, and many more. If you want to get more discounts on a particular thing then you go for the specific credit card. For example, if you want a credit card only for shopping then you buy the shopping credit card using which you get more discounts.
A credit card can be the best way to rebuild your credit history. One needs to pay the money at the end of the month if they have withdrawn in that month to avoid paying the interest. It is the smartest way to use a credit card.
Credit is not linked to your other bank accounts. This provides an extra membrane of security. It is very safe. None of your money is linked to this credit card account. The money that you withdraw from this account is needed to be paid back at the end of the month. So using a credit card is very safe. If your card is with you and your card number is stolen, and someone has done a transaction using that card then you are not liable for that fraud transaction. If any unknown transaction occurs then you will get alerts that will help you know about the suspicious transactions and you will be able to take actions against them. Your credit card issuer can freeze the card which will help in stopping further fraud transactions. Nowadays with increasing technology, the use of chip cards came into the picture which makes them safer as stealing data from them is more difficult.Credit cards can be used to take insurances as the recurring payment becomes very easy using the credit cards. The money automatically deducts from the bank account.
Most of the banks charge annual fees on credit cards, one of the bank cards which don't charge a fee is Citizens Bank credit cards. Citizens Bank credit cards are designed in such a way that it matches your objectives, whether to minimize the interests or to maximize the cashback. For more cashback, you can buy the Cashback Plus Mastercard and for the lowest interest rate, you can buy the Clear Value Mastercard. You will get 1.8% cashback on every purchase using the cashback plus Mastercard and you will get as little as 0% interest for the first 18 withdrawals. The services they provide are also very good from a customer point of view. They provide a high level of security. They don't allow any purchases from unauthorized sources. They even provide extended warranty protection on the given brand warranty. Apart from credit cards, Citizens bank also provides debit card services, internet banking services, education loans with zero interest, EMI loans, and many more.
Conclusion
As credit cards have no other bank accounts linked to them, these are very safe to use. They provide an additional layer of security because of the same reason. The use of these makes things very easy to handle. Such as payments, billing, insurances which require recurring payments, and many more. These also provide additional benefits which attract the audience to become a customer.
