Everything you Need to Know about Credit Cards

Understanding all That Credit Cards Cover 

Credit cards provide you with the opportunity to make cashless payments. Cardholders are each issued a pre-set limit on the credit they have access to. This depends upon their individual credit profile along with the credit card provider’s prevailing norms.

Should you lack adequate funds in your debit account, you can take advantage of the limit available on your credit card in order to make whatever purchases you might need.

Funds spent by you on your credit card can be repaid in their entirety once you receive a bill. Else, you can opt to pay for them via the credit card EMI option provided it is available.

So long as you pay each of your credit card bills on time, you will not incur any penalties and can use your credit card with ease.

Credit cards allow you to generate a good credit score while saving money via the benefits provided in the form of rewards and cashback options.

Benefits of Having and Using a Credit Card

The benefits of credit cards are vast and plentiful. Some of them have been examined below.

  • Spend with credit – One of the primary benefits of credit cards is that they allow you to make purchases immediately and pay for them at a later date. The principle available is designed keeping in mind cardholders’ big purchases that prevent their monthly budgets from being adversely affected. A lot of purchases made with credit cards can be converted into low-cost EMIs over a period of time.
  • Cash-free purchases – Now more than ever it is important to be able to make cash-free purchases. Not only are they safer but also credit cards allow you to make payments online as well as offline.
  • Cashbacks, offers, and rewards available – Cardholders are known to enjoy and appreciate each of the offers and cashback opportunities made available by credit card providers.
  • Withdraw cash from ATMs – In lieu of a modest fee, credit cardholders can withdraw cash from ATMs.
  • Accepted globally – Credit cards are accepted across the world and allow cardholders to enjoy benefits associated with their credit cards anywhere.
  • Emergency payments – With a credit card, it is possible to make payments during emergencies.
  • Generate a credit score – With a credit card, you can improve your credit score which is vital in determining your creditworthiness and eligibility to avail of a loan.

How to Reach out to Your Credit Card Providers Customer Care

 Credit card providers each have customer care services that can be reached out to by cardholders in order to address varied questions and issues.

Credit card customer care numbers can be used.

You can also reach out to customer care by emailing a particular address, sending an SMS to a certain number, or via postal service. Some card providers might have additional customer care contact points as well.

You can reach out to your credit card customer care unit in order to address any of the following issues.

  • Understand your balance and/ or credit owed.
  • Learn your credit card limit and cash limit.
  • Issue a complaint or block a lost credit card.
  • It can be used to close a credit card account.
  • Learn the status of your latest credit payment.
  • Avail of a duplicate credit card statement.
  • Understand your reward points.


As established above, credit cards are incredibly beneficial, especially in times of emergencies. Visit Finserv MARKETS in order to have a more comprehensive understanding of credit cards and the ones presently offered.

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