It seems adamant that the people of today are unable to get rid of the use of credit cards. The role of credit cards appears to be indispensable. True indeed, purchases, payment of bills, and other important transactions are carried out these days through credit cards. The credit cards must not however be misconstrued with the nature of the debit cards. The fact is that these credit cards can carry out transactions such as large and regular purchase methods although no specific amount is credited to the card itself.
As a rule, the issuer of the credit card works on a specific credit limit. There is always a predetermined maximum amount in which the owner of the card cannot exceed in every transaction. Meaning, if the credit limit has been reached, other transactions will no longer be entertained unless the credit has been paid or if another credit extension has been granted to the user of the card.
Due to the fast growth of credit card users, the concerned companies compete with each other through the employment of various marketing strategies. They combat with each other in this kind of business by means of offering several credit card offers to make the promotion deliciously appealing to the consumers. Among the major credit card offers are:
The interest rates. Most credit card companies secure the lowest interest rates in every single due payment. This goes to show that more consumers will get attracted to the offer. The interest rate goes in between 1.2% to 5% only.
The minimum amounts due. In each of the months, a credit card firm contains some percentage of amount which takes its basis from the charges or amount purchased incurred by the credit card user. If the concerned party fails to pay the due in the designated time, additional charges will henceforth be faced.
The waiving of the dues. Credit card offers such as the cut off of either one or two periods of billing without extra charges heaped on the card owner is again another meaty offer. The interest rate is hence waived if the consumer is able to pay in full and in advance his incurred dues for a particular transaction.
The extension card. There is always this credit card offer in which the principal credit card holder can apply for an extension card so that another person, usually a family member, can likewise enjoy the privileges of the credit card.
The balance transfers. Most of today’s credit card firms are able to give out low interest charges for the transfer of any balance from one card to another. This strategy is worked out so that a certain credit card firm can have the hold of the user’s loyalty.
Credit card offers are always pleasant to the eyes. More so, there are some particular advantages to be earned from using the credit card. First, there is a low chance of losing cash. Just imagine yourself shopping at the mall but you don’t carry with you some cash to spend. Second, credit cards are always easily available. In emergency cases such as purchasing medicine, credit card payments are always accepted.
Now you know how valuable credit card offers can be. You bet, in no time at all you will also entertain the thought of procuring one for your own.