The creation of the card as a means for payment has become most convenient for us in an everyday practical sense. No need to carry around vast sum of money with us. A simple swipe of the card allows us to make payments from as tiny an amount as we choose, to a large one as well. With our credit card we can do almost anything online. Pay our vendors, purchase items from shopping websites, and handle our accounts. It has made banking online a reality, as with its electronic verification system it allows us transfer funds from one location to another.
In order to increase the versatility of the card, banks offer a variety of different cards to suit various customer needs.
1. Some cards are meant for businesses while others are tailor-made for personal banking needs.
2. Excellency Infinite Card is on offer to their most valued customers. It has been created to meet the highest possible expectations with exclusive services and superior benefits. It provides the card holder with unparalleled benefits and the maximum purchasing power.
3. The Platinum Card provides the user with benefits over and above simple purchasing power and security. It allows for the user to receive cash-back on entertainment purchases, such as movies and water parks and allows access to over 600 VIP lounges across 325 airports around the world.
4. Their Islamic Credit Cards are unique in terms of responsible banking as they are interest free while still being packed with a variety of exhilarating features and benefits.
5. They have even tied up with Etihad airlines to create the Etihad Guest above Credit Card This card allows for the user to gain air miles on their every purchase and even makes them eligible for upgrade under certain conditions.
As you can see the credit card is a versatile banking tool. It allows for the customer to handle their banking needs with flexibility and east whether they banking personally or banking for business. It also provides banks the opportunity to create mutually beneficial relationships with other business organizations, which in the end benefit the customer again. But most importantly, without those little bits of plastic, our lives would not have as easy as it is now.
But you should also make sure that you use them responsibly so they'll have a positive effect on your credit score. Here's how:
1. Monitor your spending. Instead of waiting for your monthly credit card statement, record your transactions or review them with online banking. This will help you quickly recognize if you are spending more than you can afford. If that happens, examine your budget for ways to cut back.
2. Make all your payments on time, since delinquent payments have a negative impact on your score. Use payment reminders to let yourself know when your payment is due.
3. Try to pay your balance in full each month. If you can't pay off your balance monthly, pay more than the minimum to keep your total credit card debt from creeping up.
No comments:
Post a Comment