Know the Benefits of Credit Card Before applying for it
An indispensable part of our lives, a credit card is a convenient financial tool that hugely helps us make expenses in a safer and sounder environment. You can now use your credit card to purchase groceries, pay bills, buy big-ticket items such as televisions, jewellery and even book entire holidays on them. When you apply for credit cards in Dubai, you will be bedazzled by the plethora of benefits they offer the cardholder, along with his or her family members with the option of add-on cards. Owning and using a credit card is extremely advantageous as it helps with budgeting and making convenient purchases and offers heavy discounts and reward program options, among many others. Despite all the advantages that will be covered here, it is important to use them wisely to avoid adding to your financial burdens. The basic crux of a credit card is to help you with liquidity so that you can continue living the life you truly deserve.
Benefits of Credit Cards
When you apply for credit cards in Dubai, you should be well aware of all the pros that will be thrown at you. Some key benefits of credit cards that will help make an informed decision are:
1. Quick Access to Credit
‘The’ most beneficial aspect of a credit card is the easy access to credit you can get. Functioning on the basis of deferment, you can use your credit card to buy whatever you want and pay for it later. This is the penultimate advantage of a credit card.
2. Building Credit
Owning a credit card is crucial to building a good credit score. Those who want to apply for a loan for any purpose can use their good credit scores as an added advantage for a successful application. Banks and financial institutions keep a close eye on those who use their credit cards wisely.
3. Value Added Perks
When you apply for credit cards in Dubai, you are not just getting a tool that allows you to buy things but also one that offers lucrative value-added benefits such as airport lounge access, flight ticket upgrades, heavy discounts in restaurants, concierge services and much more. Reward programs are also a big perk in which you will get points every time you swipe your card. These points can then be redeemed for several items and services as per your requirements.
4. Secure Payments
Carrying around huge amounts of cash add to a security threat, especially when travelling. A credit card comes with a pin number, so only the one who knows this can use it for making purchases. In case of theft or card loss, you can call customer care and block it. In case someone has used it fraudulently, you can challenge this transaction and not deal with the cost of that transaction. This is a huge advantage for credit cardholders.
5. Easy Monthly Instalments
Another pro of credit cards is the option of paying in instalments. Often, people make large purchases with their credit cards and then end up with heavy bills at the end of the month. You have the facility of making these bill payments in easy monthly instalments with little to no interest charge if you do it as per the terms and conditions levied by the credit card company. This allows you to keep your salary in your account and, at the same time, using the credit card for convenient purchases.
