Should I Apply for a Credit Card?
Are you pondering on whether you should apply for a credit card?
Well, the answer quite simply is – ‘Yes’ - you should apply for a credit
card (this is true for most people). The credit cards seem to have
transformed our lives. In fact, one can term credit cards as a
revolution. Today, you find ads in TV/newspapers/website/shops and
almost anywhere and everywhere; all asking you to apply for a credit
card. When you look around, you see that most people have credit cards.
In fact, most people have multiple credit cards. Everyone seems to apply
for a credit card. So, why should you apply for a credit card?
There are a lot of benefits associated with credit cards; however, the
most important benefit is the convenience that they offer. For most
people, this is the prime and the sole reason that instigates them to
apply for a credit card. This wouldn’t have been the case a few years
ago, when not many merchants accepted credit cards. However, today, most
merchants do accept credit cards. So, instead of carrying a lot of cash
on you (which is both inconvenient and unsafe), you can just carry a
small piece of plastic with you. Moreover, you get interest free credit
i.e. you don’t have to pay the bills till the next monthly billing
cycle. So, you can buy now and pay later (when your salary arrives) – a
great reason to apply for a credit card. To add to that, there are
certain merchants that offer interest-free installment payment plan i.e.
you can make a big purchase today and pay for it in installments on your
credit card. So credit cards works as instant long term loan too (not
just a monthly loan). Yet another reason to apply for a credit card is
the discounts on shopping. This is made possible by the tie-ups between
credit card companies and the merchants. So credit cards offer many
benefits.
There are various ways in which you can apply for a credit card - you
can apply for a credit card in person, you can apply for a credit card
on the internet and you can apply for a credit card on phone too (by
asking the representative to meet you). You will as such be approached
by a lot of sales representatives, all asking you to apply for a credit
card with their company. To apply for a credit card, you will need to
fill-in a credit card application form (which is easy to fill and the
representatives of the credit card company will assist you in that).
When you apply for a credit card, you basically enter into an agreement
with the credit card supplier (the form that you fill when you apply for
a credit card is actually an agreement). After you have submitted your
application, the credit card company conducts certain checks to
determine your credibility; and if everything is fine, you receive the
credit card.
So, applying for a credit card is easy and to apply for a credit card or
not to apply for a credit card is a matter of personal choice. However,
for most people who don’t have any credit card, the recommendation is
“Apply for a credit card”.