Credit Cards - You can use the money or funds offered by bank as credit
Use of the Funds
- You can use a credit card even if you don’t have money or funds in your account
Effect on Credit Score - If you pay your credit card bills regularly and on time, this can prove as a good credit score for future financial needs
Increase in Card Usage Limit - Your credit limit on the cards will change according to your usage
Earning Rewards - Credit card offers you a large structure of reward points, discounts, cash back etc.
Online Transaction - Credit cards are safe to use online as the funds or money do not deduct from your account immediately and you can file a report if any wrong transactions are done and won’t get charged for it