Credit card in today world is the new currency to shop around the world whatever you want. It can save you from the multiple potential threats, which includes: from being robbed on the street, going out of cash when in need and many other. It provides the customer a comfort of financial availability, easy to shop, security of money and shop online.
Using credit card for shopping and exceeding your credit limit is a normal routine for shopaholic customers. It the policy of the banks that they should repay that amount within 45 to 55 days. If any customer gives the late payment exceeding those days, he/she will be charged with the fine/interest rate per day. These late payments or on-time payments are the key source of building your credit history. This shows that how good or bad you are in repayment and decide your future loaning from the bank.
It is advisable to carefully use your credit card by reviewing its all options. Best possible way is to use the benefits attached with the credit card. If your credit card is giving you rewards on shopping or discounts on dine in. There are some credit cards who offers you exquisite life style. So, make sure that you use your credit card at its fullest and with efficiency.
Bottom line is credit cards in pakistan are crucial in reshaping your credit history, as the more you shop from your credit card, your spending patterns becomes more visible to the banks. They way you ended-up with your payments also speaks a lot about your repayment schedule. It is normally advisable to stay within the limit of the credit card and make the payment within the specified time period. This leaves a good impression on the banks and they acknowledge you a responsible customer and offers you greater credit limit for the future.
Using credit card for shopping and exceeding your credit limit is a normal routine for shopaholic customers. It the policy of the banks that they should repay that amount within 45 to 55 days. If any customer gives the late payment exceeding those days, he/she will be charged with the fine/interest rate per day. These late payments or on-time payments are the key source of building your credit history. This shows that how good or bad you are in repayment and decide your future loaning from the bank.
It is advisable to carefully use your credit card by reviewing its all options. Best possible way is to use the benefits attached with the credit card. If your credit card is giving you rewards on shopping or discounts on dine in. There are some credit cards who offers you exquisite life style. So, make sure that you use your credit card at its fullest and with efficiency.
Bottom line is credit cards in pakistan are crucial in reshaping your credit history, as the more you shop from your credit card, your spending patterns becomes more visible to the banks. They way you ended-up with your payments also speaks a lot about your repayment schedule. It is normally advisable to stay within the limit of the credit card and make the payment within the specified time period. This leaves a good impression on the banks and they acknowledge you a responsible customer and offers you greater credit limit for the future.
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