Credit Cards in India:
India has came out of self-binding shackles to look “young” again and the enthusiasm shared by the young work force of the country is driving the economy like never-before. In the present day world, no one wants to be bothered by the presence of huge cash in his or her wallet and the Indians are no exceptions. The unprecedented growth in the number of credit card users has stimulated the Indian economy by a significant extent. The arrival of malls, multiplexes, online shopping stores and shopping complexes have contributed to the growth of the use of plastic cards.
It will not be wrong to say that such a scenario in context of the Indian market is not driven by style statement and is driven more by needs. The benefits of plastic money have offered unmatched ways to create an equilibrium and offer an amicable solution when it comes to purchases and the inability to possess or carry cash. The modern day Indian customers find it more easy to make physical payment (credit card payments) rather than carrying too much cash. The introduction of credit card facilities to pay for mobile, electricity, movie tickets and other related transactions have also contributed to the growth of plastic money in the country.
Best credit cards (India):
For most university students, credit cards arent high on their priority list for things to take care of after all, students with loans can pay for things with direct debit from their bank accounts, as can students that are being assisted financially by their parents.
The simple truth of the matter is that most students dont think about credit cards, so that when it gets to the point that they need one, they end up rushing through the selection process, ending up with a credit card that isnt optimal for their needs or worse one that actually ends up being detrimental for them in the long run.
So what should a student seeking a credit card do? Simple, they need to research! Look at a wide variety of student credit cards, their benefits and their drawbacks. Only select one that you feel comfortable with and that you feel addresses your needs well, while not providing you with too many setbacks.
No matter how you look at it, a credit card application can be intimidating. For the folks who have bad credit, applying for a credit card can spring up even more anxiety, simply because many are not 100% sure that they will be approved. Fortunately, signing up for a credit card for bad credit can ease all of that tension and stress, since the approval process is much more forgiving than a traditional card.
Like anything else, however, bad credit credit cards have their fair share of things that you need to look out for. That doesnt mean all cards are bad, but just because you are nearly guaranteed approval does not mean that you should jump at the first offer you see. Youve got to do your due diligence by shopping around and asking questions questions that need answered before you sign on the dotted line.
Not sure what type of questions you should be asking? Dont worry. Instead, just take a look below to see 5 of the most common things you should ask any subprime credit card provider before you decide to make the leap!
The use of credit cards is becoming frequent because they are easier to use and provides the customer a chance to buy products, even if they do not have cash on hand. The concept of credit cards has helped the retail industry to grow and has given it a massive boost. Since credit card using customers do not have to pay upfront for the products they are buying they are encouraged to shop more, resulting in more revenue for the retailers. This is the reason why an increasing number of retailers now encourage people to use credit cards for making purchases.
Another reason why credit cards are more suited for shoppers and retailers of the modern age is because most of the shopping is now being done online. Since paying through cash on the internet is not possible, a customer most likely would have to use his/her credit card for making the purchase. Seeing that the online shopper would have to use a credit card for buying the items on sale, the retailers today offer discounts on items that are bought using credit cards to give more of an incentive to the customer to buy more.
The rise in popularity of credit cards has benefitted the luxury clothing industry the most. With people having credit cards in hands, they do not mull over buying an expensive clothing item any more. Women especially are most likely to buy a dress they find likable if they have a credit card in hand without having a second look at its price. On the other hand, those who have to pay for it with cash will not go for them. It is because of this that most luxury brands give their customers the option to buy their dresses on the cheap if they are buying it using credit cards.
Ann Taylor is a brand that has been synonymous with quality womens clothing. In a bid to increase their revenues and providing their customers a chance to buy their gorgeous dresses for a discounted price, the brand has come up with Ann Taylor credit cards. These cards are similar in operation to the regular credit cards provided by banks, but are limited to being used only for buying Ann Taylor clothing items. This card gives the customers a great number of benefits when buying any clothes from Ann Taylors website or from any of their stores.