There are a number of people who depend on credit cards to shop and travel. If you haven’t already got a credit card for yourself, there are a number of reasons why you need to consider getting one as soon as possible. The benefits to owning a credit card are numerous and all HDFC bank account holders can now apply for a credit card with easy online facilities. If you have already applied for your credit card and you want to know how to track hdfc credit card status, all you need to do is visit their website and follow the instructions for credit card status.
This is a convenient and easy way to check your credit card status, the credit limit you will be provided with and the additional benefits that you get when you shop with your credit card. While people believe shopping with credit cards can create a number of unwanted expenses, the truth is when you use your credit card to pay for something you end up paying back in smaller amounts. This not only helps you to manage your finances in a more effective manner, but it also helps you to buy things that you could initially not afford.
Since credit cards usually allow you to shop with a zero percent interest rate, you do not need to worry about paying more for anything that you buy. You also get added discounts and cash back when you use your credit card to shop or pay for something.
One of the biggest advantages of a credit card is foreign travel. When you are in a foreign country it is easy to run out of money. If you are stuck in such a situation and there is no one back home who can wire you money a credit card is your savior. With a credit card you will always get extra credit even if your balance runs out. This is called an overdraft facility. This combined with the fact that all credit cards are accepted universally means that you will never run into trouble financially when you are abroad.
Another huge advantage of credit cards is hanging to that extra money to use in stores that do not accept cards. This extra cash will come handy in various situations. Credit cards should be utilized to pay all utility bills and the money that you receive should be used for emergency expenses when credit cards will not be helpful. Another thing with credit cards is that you do not have to pay the bill until the next month. This means that you will have enough time to prepare your budget for next month and you can ensure that you keep enough money in savings as well. This will keep your financial situation well planned and in control. There will never be a situation that you need to go to the grocery store and you run out of money. With a credit card in your pocket you will always have enough money.