Pros of using Credit Card in India

A credit card is a card issued by a financial company giving the holder an option to borrow funds, usually at the point of sale. Credit cards charge interest and are primarily used for short-term financing. Interest usually begins one month after a purchase is made, and borrowing limits are pre-set according to the individual's credit rating.

What is Credit Card?

A Credit Card is a payment card issued to the users to enable the cardholder to pay a merchant for goods and services based on the cardholder's promise to the card issuer to pay them for the amounts so paid plus the other agreed charges.

Credit Cards combine payment services with extensions of credit. Credit cards allow the consumers to have a continuing balance of the debt, subject to interest being charged.

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