How Do Credit Cards Work? A Beginner's Guide
Credit cards are a great tool to add to your wallet. If you are encountering first time with the credit cards then you might have questions like What are credit cards? How do they work? There is way more for you to learn about the credit cards if you do not pay notice to each and every aspect of a credit card then it might end up costing you a fortune. A credit card is like a double-sided coin having both advantages and disadvantages. Not using a credit card wisely can lead you to a possible debt spiral. In this article, we have covered everything about credit cards that is there to know. Keep reading to kick start your research. What are credit cards? A credit card is a financial tool that helps you in borrowing funds from the credit card issuer as and when required. With a credit card, you get a pre-defined credit limit depending on your income level, that you can use to make purchases. It is a plastic card that you can carry with you and is more secure for making transactio...