Please explain what and how to use credit card(i am new to credit card-not applied (i google it but not able to understood the things...bit complex, CAN any one explain CC in simple) is credit card have monthly fee..? can i buy products without money..? what about transaction fee..?
Their are Few thing to use CC *A secured card will help build your credit history and credit score * Do not keep a balance, Pay off the card each statement * Do not be late on any Payments You will be on your way to becoming a credit score superstar! Good luck!
1) The fee is normally yearly, depends on your bank though. Considering your in India, i pay around Rs. 300+ fro my SBI Gold credit card. 2) Yes, you can buy products without money using your credit card upto your limit. Your limit can be Rs 10,000 or Rs. 100,000. Anything depending on the security you keep or on your bank terms. 3) There isn't any transaction fee most of the times but certain transactions do cost, e.g. a internet payment won't have a fee in most of the cases but if you withdraw from the ATM using your credit card, you have to pay a certain % of the amount withdrawn as fee.
Yes i am in india.... sorry guys i forgot to ask this question.. if i doesn't use credit card means....is they impose any fine(because i planned it for only verifying paypal)
Yes i am in india.... sorry guys i forgot to ask this question.. if i doesn't use credit card means....is they impose any fine(because i planned it for only verifying paypal)
its better u dont get urself a credit card ... credits create unwanted shopping and then troubles happen while repayment
On the other hand, there are things that you would not be able to do without a credit card, such as purchase web hosting services and register domain names online or verify your paypal account.