Shopping is a pleasure activity for me and I try to enjoy it as much as possible. I carry cash only for traveling and for other purpose I carry a credit card with me.
Credit cards are used to make payments for any purchase you make or any service you avail of. The other advantage that I find is, that they can be used to make payments not only within the country but also outside the country.
Credit cards are issued to individuals by banks and financial institutions. They are issued after taking into account the credit history, credit rating, current financial status etc of the individual.
Credit cards have predetermined credit limit on them. This limit is decided by the bank or the financial institution issuing credit cards and is decided according to the financial information obtained.
Credit cards are not only used for shopping but they can also be used in hospitals and in other emergency situations. When you use credit card you use the lender’s money to make payment. You give your consent to repay the amount by signing on the receipt produced on purchase.
When you use credit card you receive a monthly bill for the purchase made which you’ll have to repay. If you fail to repay the balance then a fine will be charged on the balance amount.
Tags: credit card shopping, Credit Cards