Economy, asked by natasha2024, 8 months ago

hlo guys what ere the benifits of credit card​

Answers

Answered by MANANbhavsar2107
1

We can take money from bank at EMI.

Mark as brainiest answer.

Answered by 27maanvi
0

Advantages

  1. Purchasing Power: Credit Cards enable users to make big ticket purchases they might not otherwise be able to afford.
  2. Rewards: Many cards offer rewards programs that will accrue points, discounts, or other benefits like frequent flyer miles.
  3. Convenience: Credit cards reduce the need to carry cash. Most retailers accept credit cards and they are pretty much required for online purchases.
  4. Trackability: The electronic record keeping that comes with credit cards make it easy to track your spending and identify fraud.
  5. Use during an emergency: There are times when money is the simple solution to an emergency. If you get hit with an unexpected expense, credit cards can be the quick and easy solution you need.
  6. Builds credit history: Responsible use of a credit card over time builds your credit history, qualifying you for better interest rates and other financial benefits.

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