What are the main Benefits of using Credit cards ? 6 Benefits of  credit card if used properly.

Main benefits of using credit cards

Credit cards are used by many people and its increasing day by day too.But many of us are unaware of the main benefits .This is a beneficial financial tool like buy goods now and pay now later. 
Using the card with responsibility and properly its a boost for one's  financial standing deeply and immensely.

Main benefits of using Credit cards

Access to funds - Now Easy

 Credit card is a financial tool allowing us  to buy products and pay them later . This tool can also help us in emergency times for access of funds.

Instant loans are approved based on the credit limit and withdrawal of money from ATM on emergency needs.Having a good credit score is key factor for approval of loan and ensure to pay credit bills on time and must avoid interest charges on late payments any.

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Rewards on Credit cards

Rewards earning on Credit cards

One purchase made one can attain rewards as offered by credit cards on extra bonus,discounts, cashback and more depending on type of card.We can select further the cards discouragingly meeting our needs and requirement  with perks as  welcoming us on activation.

For Example credit cards of Axis Bank  very flexible to use according to our needs Indian Oil Axis Bank Credit card offers 4% as value bask to its users loving in trips on roads benefiting on fuel  transaction at Indian oil fuels. Similarly Axis Bank Privilege Cards is used for travelling and shopping providing many benefits on shopping and travel.

EMI (Equal Monthly Installments)

EMI facility on  credit card is one offer  provided when making big purchases.It helps in converting the bill amount into monthly manageable installments or also payment of big amounts over a period of time.At low interest rate Axis Bank Credit card allows on EMI facility to avail balance. Selection of amount to paid by us every month as per our capacity and ability.

Point,cash back  on Purchases

Credit score-Improvement

Timely payment of Credit bills helps to build  good credit score. Agencies for rating the credit monitor the payments and give credit score based on history of credit.

Lender  also evaluate these scores for analysis of repayment of borrower and having good credit score helps to negotiate interest rate and terms when we apply loan 

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Free of Interest 

Interest- Free period on credit cards

Interest -free period is the time between transaction and due date of payment.In this time period there will be no interest charged while transactions done in credit card and payment of credit card bill id paid in this time period there will be no extra charges. Axis bank has interest free grace period  ranging 25 to 45 days on transaction date which depends.

Expenses will be recorded

Credit card transactions made are monitored   and recorded with all expenses too.So its easily helps us to regulate and unexpected expenses planning ahead the budget more efficiently.So understanding the credit card benefits ,we can choose and customize which suites  our needs .To maintain good credit score and avoid interest charges on payment plan your payments in this period.