Here’s Why You Should Keep a Credit Card
Have you ever thought about what it’s like to get a credit card? As long as you use your credit card responsibly, you can benefit from the many perks it has to offer.
A credit card is one of the best tools you can have in your financial arsenal. It helps you build your credit score while providing you with many privileges that come with it. If you are also thinking about applying for a credit card online or offline, the below-mentioned reasons can help make your decision easier. Have a look.
- Emergency
An emergency can take place anytime. Most of us carry a certain amount of cash we believe will be enough for the day. But what if you’re far away from home and also running out of enough money to reach home through public transport?
And what if you’re travelling through your personal vehicle and suddenly you run out of fuel? In such situations, a credit card can help. It works as an instant solution to help you pay off sudden expenses.
- Online Purchases
You must have also been into the situations where you can only pay with credit cards to reap the benefits online shopping platforms usually offer. Some exciting online purchases require you to make a purchase through credit cards only and this prevents you from availing them.
If you don’t have a credit card, you may have to pay extra money to make the purchase. Thus, having a credit card helps you save money.
- No Fear of Robbery or Theft
Whether you have been robbed or lost your cash, you’ll end up losing all your money forever. On the other hand, if your credit card gets stolen, you can report it to the lender immediately and get all the money back on your newly issued credit card. However, there will be a lost card liability, which varies from lender to lender. Some lenders charge Rs. 1000 and some charges lesser and some even more.
- Rewards
There are many creditors or credit card lenders that provide you with multiple rewards. These rewards usually come in the form of travel points, cashback, miles, and more.
If the above-mentioned reasons interest you to apply for a credit card as well, then feel free to consider WeFin.
WeFin is your single-stop solution for applying for credit cards, personal loans, two-wheeler loans, and more. Our platform is designed to help you apply for a credit card in a 100% paperless manner, which can be done within minutes at your fingertips. We offer instant approvals for the credit cards. Apply today.