![]() ![]() Using credit cards when shopping is the best option for many people because it gives them more spending options, aside from their available funds and gives them a grace period of up to 55 days from the transaction date. Some customers think that by using credit cards, their financial burdens increase due to interest rates and fees. If it’s really this simple, why are some people afraid of using credit cards? Cardholders must pay a minimum of 5% of the debited amount. The amount will be deducted from your card and you can enjoy your purchase.īy using a credit card, the customer has purchased the product or service today and will repay the bank over a preapproved amount of time, up to 55 days. You want to make the most of this offer, but you do not have enough in your account and your paycheck is two weeks away, this is the perfect time to use your credit card to buy now and pay later.Īll you need to do make sure you have sufficient credit on your card, pay for the product or service using your credit card at the POS. For example, if a hypermarket is celebrating its anniversary and they have an irresistible offer of 50% off all LCD screens for one week. The credit card is an effective payment method in case of emergencies. The credit card is an easy and safe payment method in all your daily transactions including grocery shopping, fueling up your car, or completing governmental services from issuing your drivers’ license or car license, renewing your passport, or paying your bills (electricity, telephone, etc.). Here is everything you need to know about making the most out of credit cards without falling into traps. The credit card is a simple and easy financial tool and whether it is helpful or harmful depends on how and when it’s used. Scared of using credit cards? CIB says don’t be! ![]()
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