Wednesday, February 11, 2015

The Benefits of Credit Card over Debit Card

People mistake debit cards for credit cards probably because credit card has become a very popular financial term. Hence, people see ATM cards or anything of a similar shape as credit card. This post is aimed at correcting that erroneous assumption.
Credit cards are type of cards issued to a customer to be used in making financial transactions on credit with the promise of paying back. whereas debit card is issued on a prepaid basis and you cannot make purchases on credit.
Credit cards are issued by financial institutions using a well secured credit card generator that attaches the card to a revolving account making the credit card hard to hack. I am sure you must have heard or seen some mouth watering offers on credit card hacks. Be rest assured that most of them are just hoax.
Here are some Benefits of credit card:
Credit card and debit card are very important in our daily activities especially financially:
  • Time: Credit card saves time, you don’t need to go and stand in the long cue in the banking hall, as it will make every thing Convenience for you. no need searching for an ATM or to keep cash on-hand.
  • Purchase protection–Today, Most of the credit card companies will always take care of disputes for you. Especially in the situation whereby a merchant will not take back a detective product you purchase, simply check back with your credit card company and have everything settled.
  • Record keeping–The  statements of your crad can help you track expenses. And some cards as well provide a year-end summaries that will  help out during tax time.

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