Credit Cards can make your life easy
In today’s world where life is so fast and quick paced, every second counts. Scientists and engineers are trying their hardest to make things that can limit our time consumption so that we can do multiple things in a short period of time. It is very rightly said that time is money. So, in a world where everyone is rushing to get things done as quickly as possible, banking has also been made easy to access. Yes, you do not always have to rush to your nearest available bank in order to takeout some cash etc. when you are shopping and you don’t have a hefty amount of cash readily available in your wallet, do not worry. Credit cards are going to be your next best friend. Credit cards come in all shapes and sizes and finding one that suits you and how you spend your money can make a world of difference to your pocket.
A credit card is basically in simple words, a loan, but if you clear your balance in full when you receive your monthly statement, the loan is interest free. If you cannot afford to pay off the remaining debt, you can also make monthly payments, but you will normally be charged with a certain amount of interest. The rates may vary, but 19% is the typical interest rate. There are various different types of credit cards and the best deal depends to a large extent on the purpose of the credit card. For example, if you want to go on a shopping extravaganza, there’s little point in applying for a 0% balance transfer rate, isn’t it? Shoppers should search for themselves the kind of deal that offers a low rate on purchases. Some cards, for example, charge 0% on purchases for a number of months, and they can be a cost effective way to pay for an item that costs a hefty amount, such as a washing machine, a laptop or a sofa. If you clear the debt before the 0% deal expires, then you will pay no interest whatsoever.The low rate credit cards are better suited to people who are not able to pay their balance completely every month. There is no introductory interest rate offer in this case. Instead, you will pay a comparatively low rate of interest for as long as it takes for you to clear your debt.Further on, there are also various deals available for people who take their credit card abroad and for those unfortunate people who have a poor credit history.
It’s hard to imagine life without a credit card as these days because they are so useful. You can use them almost anywhere and at any time. Perhaps you want to splash out in the sales, treat your family to an exclusive holiday or maybe indulge in some online shopping etc. So, if you still have not got yourself a credit card, go and fill out the Unionbank credit card application . They offer reasonable packages for the best credit card in Philippines .