Credits cards are best for people for many reasons. There was a time when many people were against the use of credit cards because some people used these cards irresponsibly and put their selves in debt of card companies and they became defaulter. It was the mistake of users not credit cards or companies, who are making them. Even though each and every required information is present on the card papers but some people just do not like to give a some time to read those papers carefully. That way they do not understand the terms and conditions and make things harder. Credit cards are best to transfer payments of to do shopping. There are many other electronic bankcards such as debit card but this card be used only when there is money in the account. However, people can use credit card even when they do not have any money in their account for purchases as well as to transfer money. These cards can be used any time of the day and night whole week, even on weekends and bank holidays.
Because of the increase in competition between credit card companies, it is getting harder for them to keep the client to themselves that is why there are so many ads and banners about different credit cards offers to be seen. However, it is not a good idea to purchase as many cards as many offer a person sees. Not all credit card offers are as sparkling as they seem. A person will only know about many hidden things after being stuck in debt. Therefore, it is a good thing to compare credit cards promotions given by different credit card companies and select the one, which is actually beneficial. There are some very common offers, which are being given by almost every company and their advantages and disadvantages.
Some conies offer low interest rate or even zero rate for introductory time. this time can be between 12 months to 21 months but not many companies offer that much long introductory time period. After that introductory period, the credit card company will start charging the regular interest rate. Now the smart thing is that user should ask what the regular interest rate is. If it is too much high than the offer is useless and there is no need to buy that card. This offer cam be with balance transfer or with purchases or both.
Zero rate offers can be beneficial for those people who transfer big amount of money a lot. It is mentioned that these offers will be for short time period so there is a good way to get benefit from the offer and do not pay high interest rate after introductory time. People can use the card with zero offers to transfer money till the introductory time but after that they can limit their use by transferring only small amounts. This will keep their credit history in check. Some people purchase other cards after the end of introductory card that leaves very bad impression on the credit report.
Cash back and traveling discount are also good offers made by credit card companies these offers are beneficial for those people who love to travel and shopping or it is their job requirement. There are good ways and bad ways to use credit card and it is up to the user how he acts.