Due to the pandemic, establishments started using contactless payment methods for their transactions. These can be through money transfers via e-wallets or one-tap cards, such as credit cards. However, people have been using credit cards long before the pandemic, and they may even be more useful after.

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Perks of Having a Credit Card

Being a credit cardholder comes with several benefits. These cards serve as extra money when you’re short on cash and need to pay that food bill. With a credit card, you don’t need to run to the ATM and come back to pay for your lunch—just one swipe, and you’ve already paid.

Currently, many have shifted their shopping from brick-and-mortar to online stores. Credit cards can make your online shopping more convenient. It takes away the hassle of going outside the safety of your homes to withdraw cash for your cash-on-delivery packages. All you need to do is link your credit card to your shopping app and pay immediately.

If you do your shopping offline, credit cards are just as beneficial, giving you the option of paying your bill in installments rather than paying it in full on the spot, especially if it’s a big-ticket purchase. You can even enjoy a discount or two when paying using your credit card.

Moreover, credit cards can give you financial security for your essentials. You can use your card for emergencies and other necessities.

Not only that, but it can also help you become financially responsible. Knowing when to use your credit card can help you be more aware of your spending and manage it, like spending it on the essentials such as your utility bills. Many perks come with being a credit cardholder, but what is a credit card, and how can you get one?

Definition of a Credit Card

A credit card is “a financial product provided by banks and other financial institutions to individuals who meet their criteria on age, income, and other relevant factors.” At first glance, it may seem challenging to obtain a credit card. However, banks have made their credit card application process more manageable.

Aside from an offline application, banks have now also set up an online application process, so it’s more accessible and convenient.

If it’s your first time getting a credit card, worry not! See how and what you need to apply for a credit card and what other benefits it can grant you in the infographic below.