Financial Myths About Credit Cards


Bangalore: Gone are the days when people used to go to banks and withdraw money for their personal uses or else lend money from others. Time has come when the bank will reach you when you are in need of money and they have reached you in the form of debit and credit cards. There is no doubt that credit cards have made your life much easier. They help in shopping, filling fuel, or even pay the bills in the restaurant when your wallet is empty. These are some of the facilities provided by the credit and which makes it the popular financial product in modern times. People should think twice before taking a credit card and should be aware of the fact that it could be misused in several ways due to the cardholder’s negligence.

Let’s have a look at some of myths about credit cards, listed by Financial Express.

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