Financial companies of the country provide urgent financial assistance to both ordinary citizens and organizations. If you need to buy a real estate object, then a mortgage loan is provided. If household appliances are purchased or just money is needed, then the borrowers are issued a consumer loan. There is a special lending program — issuing a credit card in the name of the debtor. It has its own advantages and negative nuances when used, but still the card is popular among the population.
Credit card benefits.
When using this card, the bank’s client enjoys the following privileges:
— he can make various payments on the Internet. Buy goods, pay for services, pay for communal services and more.
— all operations related to the use of «plastic» are recorded in the person’s phone. These are SMS notifications about card expenses and income. The service is called «Mobile Banking».
— making a payment by credit card, the borrower will never be cheated.
— a certain interim period is provided on the card, during which the citizen does not pay the interest rate. How much the loan money has been spent, so much must be returned to the payment details of the loan. Interest is accrued only on the funds spent.
— You can pay with a credit card in any place where there is a non-cash payment.
— no need to waste time on obtaining a loan every time the borrower spends bank funds.
— a credit card can be issued while sitting at home, through the global network. If the application is approved, it can be received in person (for this you have to go to the bank office) or through courier delivery.
— in case of blocking «plastic», it can be unblocked for some time.
Disadvantages of a credit card.
There are also disadvantages when using a credit card:
— there are still many territories in our country where borrowers’ cards are not accepted or serviced.
— strangers can easily use a plastic card. If the debtor has time to block it, then the money will remain intact.
— a large overpayment of money for various card transactions. Commissions are charged for cashing out a loan, paying off a loan debt, opening payment details on a card and other payments.
Most citizens can no longer do without bank cards, this is the most convenient way for various payments. The government of our country plans to switch to a cashless payment system in the future.
