There are varied opinions on the usage of credit cards. Some may approve of its ease of convenience and some may disapprove, assuming it may add up more debt. Whatever may be the opinion, it is undeniable that a credit card is one of the best financial tools that helps in various financial emergencies. Not just emergencies, a credit card can also help in improving your lifestyle by making it easy to buy now and pay later. It’s a great way to pay for big-ticket items that you cannot immediately pay out of pocket.
In developed economies, credit cards are a popular means of payment. Credit cards are becoming increasingly common in many developing economies, such as India, due to their convenience and ease of use. A credit card can be used to purchase anything from jewelry to groceries. Having a credit card reduces the need to bring cash while making transactions. It is a more convenient payment form.
Credit cards are issued by banks and NBFCs approved by the RBI. There are a variety of credit cards catering to the needs of varied customers. One can choose the credit card that is best suited to his/her spending habits. Having a credit card can help the cardholder to save more on daily expenses through reward points, cash back, discounts, offers, etc. Matrix Finserve offers credit cards of various banks few of which are: