Blog #creditcard

A credit card’s purpose is unlimited. You can use it for shopping, food payments, hospital bills, utility bills and so much more. And credit card has no geographical restriction, it is a free bird, can be used anywhere at no particular time and it doesn’t have a lot of conditions and restriction on its usage, which makes it even more attractive and privileged.

Why is paying bills via credit is a good option?

Rewards and discounts: A dazzling feature of the credit card is its rewards and discounts. Every time purchase or transfer is made, certain points are added to the credit card and are extremely beneficial if your paying bills because the rewards and offers keep increasing, the more you use them.

Keeps track of your expenses: one major disadvantage of cash that takes advantage of human quality is the easy ability to forget. So more often, we don’t remember why the money you took on last Wednesday is now absent. You don’t have that problem if a direct credit card is used to pay bills. You have a record of expenses in written format, that can be looked at easily without having to whack your brain.

Automatic bill payment: Just like Netflix and Amazon prime which show you the remainder every other month to pay for it, the credit card used for paying bills can be made that way credit card without due pays the necessary money to the seller on time.

Convenience: one of the huge plus points of using and owning a credit card is its convenience, they are protected, safe and secure and are palm-sized, no need for worrying, and can be easily paid with a single swipe.

Ways you can use your credit card for bill payments

Net banking

Net banking is today’s kind offer in paying the bank or any other merchant online directly from the bank, just like withdrawing cash to pay for school or college fee, except in here you don’t need to visit the bank or withdraw money, you can just pay the fee in merely few clicking. And paying for utilities using credit cards for net banking is no different from school fee payment or transferring the amount from one account to another. The money you’ve withdrawn is just added to the amount borrowed.

Amazon

Amazon pay has reached great heights in helping its customers pay utility bills. But unlike net banking this doesn’t come with the bank., you have to register for Amazon UPI, then you can avail yourself offers on paying the gas bill, electricity bill, so on and so forth. A credit card comes in the part that where you register the card with amazon and using that card you transfer money to the agency.
Paytm/phone pe/Gpay/mobikwik The above mentioned are mobile applications that help to pay bills, money transfers, and other forms of payments. They are just like net being but only much easier, with minimum stress, and all you have to do is download the app and enter your credit card details, all that required is to scan or enter the code of your merchant and enter few passwords, voila your payment is done.

Conclusion

Allahabad Bank Credit Card  is a fine gleaming card that can be used to pay any type of transaction in minutes. Credit cards are stress-free and flexible but a credit card requires its fair share of attention too. You have to pay the dues on time, pay the additional charges that come with it without delays, and without overspending the money. You should always maintain a low credit utilization rate (CUR) and have a good CIBIL score with a decent credit report.

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Credit cards have become a necessity for everyone in today’s time. It can be easily applied from any financial institution. While availing a credit card one should be properly aware of the offers offered on credit card by various institutions as it may vary depending on the financial institution you choose. Your credit card information is secured safely with the card issuer. One should never share the card information with anyone as it can be misused. Any bank can easily provide you with a credit card in favorable conditions if you have a good credit score.

SBI Credit Card can be applied online easily without much hassle. SBI provides different types of credit cards depending on different needs of the user. SBI bank offers various offers on credit cards. One can also choose the EMI facility on the SBI credit card. SBI also provides credit card protection plans. For applying for credit card SBI bank is highly recommended as it provides various offers and rewards on credit. One can easily apply online for availing a credit card at SBI bank.

There are various benefits for availing credit cards in the time of pandemic. Banks and non-banking financing companies(NBFCs) are offering a great deal on credit cards in this pandemic time. One can avail various offers on credit cards in this pandemic time. Few benefits of getting a credit card in this pandemic are listed below-

1. Interest rate fell due to the covid-19 pandemic. The average interest rate on credit cards has gone down below the pre-pandemic level. The borrowing cost is expected to be low through the coming years.

2. Many technological firms have also entered the credit card market with the products tailored to specific demographics like people using cryptocurrencies or people with low credit card scores.

3. The lending standards increased- In pandemics the times are tough due to that reason the lending standard of credit cards is made even more tough for the borrowers. People with poor credit scores may find it tough to qualify for a new card in 2021. But if your credit score is good then there is no need to worry you can qualify for availing credit cards easily.

Through travel cards one can easily earn various rewards while at home this year and can be benefited in various ways.

Due to this pandemic credit card rewards programs are more evolved. The rewards may include travel perks, airline miles, dining out points, and ride-share rewards. This can benefit a user a lot.

Credit card payment assistance kicked in due to this pandemic. Now borrowers can easily get payment assistance for availing the credit card. Consumers can now comfortably opt for payment assistance.

Conclusion 

There have been various changes in trends of credit cards. The credit card financing companies have made some policies during the pandemic time which can be useful for the users. One can easily get a credit card from any banks and non-banking financing companies(NBFCs) if they have a good credit score as well as good credit history. Credit cards when used responsibly can be of great help as it is accepted worldwide. It is one of the most convenient cards for purchasing. One can save a lot of money through various credit card benefits. Credit card transactions can benefit its users in the form of reward points, discounts, vouchers, cash backs, etc. Various banks and financing companies are offering great deals in the time of pandemic on a credit card. One can easily apply for a credit card through online websites or the apps of the bank simply by filling all the required information and documents.

Must Read:- Various Credit Card Payment Options 

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:-

1. Travel credit card
2. Fuel credit card
3. Reward credit card
4. Shopping credit card
5. 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.