Credit cards in Latvia are not as widespread as in other parts of the world,
Banks and private credit institutions are showing people that credit cards can be a very good financial tool in many different situations. And that’s why I’ll give you a few reasons why everyone should consider using a credit card today: More information at http://readdigest.com
Reasons why everyone using a credit card
- Bonuses – One of the best conditions for credit cards is that when you buy these cards you can get many different bonuses that you will get for using the card. These bonuses take many forms ranging from percentage refunds to airport ticket discounts and other similar offers. But with these cards that offer these bonuses, be careful, as these cards usually have a much higher percentage of credit and can therefore quickly accumulate a large principal amount.
- No Overdraft Interest – Borrowing money with a credit card, if it is repaid within the first 30 days, you will not have to pay interest on that loan. This means that a customer who has a credit card can get an interest-free loan every month, but you have to pay that money back within 30 days, otherwise your credit institution will start to charge interest on a monthly basis.
- Security – If you have cash in your wallet but stolen it or you lose it, you will definitely not recover it, but if you have a credit card in your wallet, you can call the bank and claim it as soon as you know that your card has been stolen. Even when someone starts using your credit card, the bank usually has a limit of over 50 USD you will not lose anyway because the rest of the money is insured. And even if you have a debit card, the bank won’t protect you like you do when you have a credit card.
- Online Shopping – Nowadays, most goods and services are available for purchase online and online orders require either a virtual bank account or a credit card that can be entered. Therefore, when shopping online, it is usually possible to pay with a credit card by entering its details and cardholder details.
- Plasma – And the last advantage is that a credit card can do a lot of different things, from gluing films and slicing different products to opening doors and other interesting things. The plastic size of a credit card is already quite common, and all wallets are made for that size, and you can find many different applications for these cards by searching the Internet.
I hope you will now think and choose a credit card at least as a cushion and, if not a credit card, at least a debit card that is nowadays almost every citizen.