Seven Key Characteristics Of A Credit Card - You can find various credit cards options in the market such as Standard Chartered credit card, HDFC credit card, SBI credit card, etc. Comparing all available options become necessary if you want to pick the right option. What is right for one customer would not be good for other, therefore, it becomes essential to consider all factors, such as interest rate, rewards, benefits, etc. Let’s have a look on some of the key characteristics of a credit card in which should be considered by a person.
(1) Type of credit card- All credit cards are different but it is possible to divide them under three different groups- secured cards, regular cards and premium ones.
(2) Grace period – It means number of days by the end of which you would be required to make payment of your entire bill.
(3) Fees – Make sure you have information about whether the card has annual fee, late payment fees, foreign transaction or any other type of charges/fees or not.
(4) Cash advance features – If you have any planning of using cash advances then it is useful to get detailed information about the same.
(5) Credit limit – There are some credit cards which has their own credit limits, so it is better to get the information of the same in advance.
(6) Rewards and bonuses - It includes varied extra points, gifts and services which you can enjoy with your credit card.
(7) Interest rate – Every credit card come along with different interest rate, so you should get complete information about the same.
And that is Seven Key Characteristics Of A Credit Card, thank you for read this post.
