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Why do you need a Credit Card ?

Credit Cards Review

credit card is a banking card issued by any bank. It allows the holder of the credit card to make purchases by borrowing money up to an established limit. Credit cards are a convenient alternative to cash for making transactions. A credit card holder will get 18-50 free days to repay the amount depends on bank, additionally one can accumulate the benefits in the form of rewards, cashbacks etc.

To make the most of a credit card, one need to have the right card as per his requirements like spending pattern, lifestyle and other needs. At AskBanking.com, we help you get the best credit cards offered by the various banks in the market. Choose and get the best Credit Card for your usage.

Why do you need a Credit Card ?

Why to use credit cards and not debit cards or any other digital modes ?  It is widely believed that the Credit cards have a reputation for encouraging holders to spend money, where as other payment options, like debit cards and cash, may seem like an easier way to stay within budget. 

We believe in different approach, we think a good credit card is a must-have if used responsibly. Credit Cards may be great for your financial well-being and smartness as you can earn money just by using Credit Cards wisely for Cashback, Rewards and others. The Credit Cards may help us in :

Benefits of having a Credit Card

Cardholders can enjoy the following benefits that come by default with Credit Cards-

Welcome Offers: Almost all the Credit Cards come with some Sign in or Welcome Bonus benefit in the form of gift vouchers, discounts or bonus rewards points.

Cash Back Rewards : Every Credit Card is having the intrinsic reward offers in the form of reward point. The rewards or cashbacks are offered in the form of air miles or direct cashback credited to your card account. The accumulated reward points can be redeemed to avail gifts and merchandise. There are few cards which are offering the rewards in the form of Air miles and can be used to book flight tickets at the discounted rates.

Fuel Surcharge Waiver: Almost all the cards are come with this benefit of fuel surcharge waiver, the surcharge will be waived off provided that you spend a certain amount.

Airport Lounge Access: This is the premium offer hence available with the premium card with annual fees. Under this offer a certain number of complimentary lounge visits in a year at domestic airports and international airports. 

Insurance: There are many Credit Cards which are offering the free of cost insurance, which cover accidents up to a certain amount. It may be an air accident coverage, lost card liability cover or an overseas hospitalization cover.

Cash Advance: Almost all the cards are offering the cash advance against the card limit but with very higher rate of interest and charges. You can also withdraw cash directly from an ATM using your credit card. This is very much beneficial in times of emergency when you need some urgent cash.

Types of Credit Card

Fuel Shopping Travel
Reward Zero Annual Fees Premium
Secured Co-branded Cards Entertainment
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