Credit Cards - Market Offer Review

Today the service of credit cards comes to the forefront in numerous banking programs. The article will deal specifically with credit cards, which in the near future will completely replace the cash method of calculation. Do not confuse credit cards with conventional plastic - debit cards. In the latter case, there is no possibility to use funds on credit.

Credit cards and consumer loans

A large number of residents of Russia prefer to draw up credit cards and they do this mostly in banks, the service of obtaining commodity credit at retail outlets is no longer so urgent. And how can this be explained? So everything is simple - interest on credit cards is always several points less than the same index of commodity credit. Why is the rate always higher on commodity credit ? Yes, because the bank making out such a loan is forced to "hurry" and issue a loan in the shortest possible time. He simply does not physically have time to check the client's solvency and thus compensates for possible risks by raising the interest rate. If a person takes a credit card, then the bank has enough time for a qualitative and complete verification of the information provided by the borrower. So it turns out that the interest rate looks more profitable.

Where can I use credit cards

More than half of the goods purchased with a credit card - it's all kinds of household appliances, mobile phones, televisions, refrigerators, washing machines and much more. About 15% of purchases are for the purchase of different furniture. Often, using credit cards pay for housing repairs, recreation, travel, etc. In fact, the scope of credit cards is so wide that it is not easy to imagine its huge and rich opportunities.

As experts have noticed, people who buy goods on credit, which they did not plan to buy at all, usually do not pay so much attention to the cost of the loan. Such a loan is often issued directly in the store. People want to become the owners of the goods right now, no matter what. When people plan their purchase, and such purchases are usually large acquisitions, for example, buying cars, furniture, a tour abroad, they usually go to the bank and choose between a consumer loan or a credit card.

Each type of lending has its advantages and disadvantages, but credit cards are a completely neutral option, which is available to virtually everyone. Currently, many banks issue credit cards without certificates from work and without other documents confirming your solvency. Of course, in this case there is a hard limit.

How to get a credit card

Before you will make out a credit card, specialists first of all advise to carefully read the specific loan agreement, loan conditions, requirements to the borrower, etc. Particular attention in the study of the loan agreement should be given to what is written in small print. It is also recommended to visit a certain number of banks, find out the terms of the loan, borrower requirements and any other information you need directly from the bank's employees. Thus, you will significantly replenish the knowledge of credit cards and certainly will not make mistakes, which, unfortunately, are very often allowed by many newcomers taking credit.