Why you should use credit card?

Why you should use credit cards?

If you are a financially disciplined person then take these advantages by using credit cards.

• Build positive and high credit score
• Earn while you spend in terms of rewards
• Take a "free" one month loan
• Protection against fraudulent usage

In this internet age, plastic money (both credit cards and debit cards) makes it such a convenient to shop over using cash, so it is no brainer to use cards over cash. But you may have a question which card to use and why? So I have provided my opinion in this post why one should use one or the other. If you are here to find out why use credit card or debit card, I assume you already know what and how they work.

Let me explain the advantages of using Credit Cards.

Build positive and high credit score

First what is a credit score? According to, a credit score is a numerical expression based on a level analysis of a person's credit files, to represent the creditworthiness of an individual. So credit information companies like CIBIL provides each individual a numeric score within a range, this numeric score represents your credit score. These companies source credit usage and payment history of the individuals on credit cards, loans etc and apply an algorithm to determine the score.

Why is it important to build a high credit score? A higher score means higher chances of loan approvals in case if you plan a car or a home loan.

Earn while you spend

It is so much you are missing out on if you are not using credit cards in terms of cashback, instant discounts, and deals.

Visit:- Medium.com