Credit Master Card

MasterCard, originally known as Interbank/Master Charge, was created by several California banks as a competitor to the BankAmericard issued by Bank of America, which later became the Visa credit card issued by Visa Inc.. From 1966 to 1979, MasterCard was called "Interbank" and "Master Charge".

Paying with a credit card allows you to purchase items and services without having to use cash. When you use your credit card, your credit card issuer will pay the merchant on your behalf and bill you later in the form of a monthly statement.

Look for plain-vanilla credit cards with the lowest financing interest rates. Because any interest you pay on carry-over balance will offset any perks you could get. Also, compare Easy Pay / Flexi Pay programs which could be useful for larger purchases.

You can request a bank to convert a purchase to Easy-Pay / Flexi-Pay scheme, which puts it on a fixed installment plan at a special interest rate. If you are already carrying a sizable balance, many credit cards also offer Balance Transfer Programs which you should consider.
Balance Transfer Programs allow you to transfer your balance from your current credit cards onto the new card at special interest rates.
Your credit card can be used in order to take a cash advance.

There are 2 ways:

The first is to use your credit card at any ATM to make a withdrawal using the right PIN code. Note that there are 2 costs to consider when using your credit card for such cash advances: Cash advance fee (Typically 5% of the total amount) Cash advance interest rate usually 18% per annum calculated on a daily basis.

The 2nd method is to take a cash loan, sometimes known as Easy Cash or Fast Cash or Dial-for-Cash Facility. These loans are taken on your available credit limit, transferred into a current or savings account of your choice, and paid back in fixed installments over a period. They are the equivalent of a “pre-qualified” Personal Loan. Customers wishing to apply for such facilities are required to call the respective banks and make the request.

When choosing a credit card, one must look into all the various dimensions and then decide which card suits your lifestyle before applying. As long as you remember to pay off your balances on time, getting a credit card can really open you up to a world of convenience and benefits with hardly any drawbacks!

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