How to use Credit Cards,Advantage,disadvantages and selection

A credit card is like an advanced weapon, in our society. As alike weapon, it is very useful if I know how to use a credit card else it will harm us. So we need to have a very clear understanding of its advantages and disadvantages. So I have to make a table to make this comparison a little bit easy to understand. 

Advantage	Disadvantage
1. It provides an extra envelope of virtual cash. 2. It has given the cashback facility 3. Sometimes it gives you some extra discount. 4. It helps us in an emergency. 5. Reward points against every purchase. 6. It eliminates the use of real cash from your account. 7.Acceptance in any part of the globe. 8. An extra benefit for a frequent traveler. 9. No cost EMI	1. High-interest rate against unbilled amount. 2. Burden due to over expense. 3. Case withdrawal against a high-interest rate. 4. Effect on CIBIL score as a defaulter. 5. High-interest rate personal loan. 6. Credit card fraud 7. EMI with a high-interest rate.

Comparison of different credit card 

Before selecting any credit card we need to have a clear idea and comparison among them. Also, we should choose the card which will best fit our requirements. I have made a comparison of some popular credit cards, considering some key parameters in the below-mentioned table.

 

To know more about ICSI index score, please click http://www.icsi.org.in/banking 

So, before closing this topic, I must say please chose the perfect credit card which will suit your requirements. As we need proper training before using any weapon, we need to build some skills to use the credit card for its optimum benefit.

As service is concerned SBI credit Card customer care is the worst in this lot. So please verify all the agent details before applying for any credit card in SBI.

Frequent ask question 

       1. How do I use my credit card for the first time?

       2. What is the best way to use a credit card?

       3, What should you not use a credit card for?

Some tips related to above frequently ask question

1. Make the right selection as explained above
2. Try to use not more than 30% of your income.
3. Do not use it for cash withdrawal
4. Avoid saving your card details while online transaction
5. Clear your full bill amount before or on the due date. 
6. Before availing any offer understand it clearly
7. Avoid interest-based EMI.