Credit Cards and loans

Importance of credit cards for loan?
Credit Cards and loans

There is a similar post on whether its a good idea to take cash advance from credit cards. Many have put in there comments

Just search for that post you might get an idea on why taking cash advance is not a great idea out of credit card

With regard to loans it is a better option if u wish to use it for a productive purpose

If you are credit worthy then you will get a lot of instant paperless loan offers on credit card. The processing charge and interest rates are quite similar to a personal loan.

Instead of going for another credit card, you should increase your credit card limit. Getting a new credit card may complicate your finances, like keeping track of your expenses. If you extend your limit, it will help you ensure you don’t have to complicate your repayments. As for a loan, you can opt for a personal loan at any leading bank or financial institution. If you’re looking for a loan in India, Shriram City Union Finance is among the leading Loan providers. They will help with attractive interest rates.

Hi Yogimukhat,

Please feel free to share your opinions and views with the community. But please refrain from sharing any links or pitching forth any platforms as such, as this amounts to investment advisory. This is a breach of community guildelines and your post would be flagged by the moderators. Other than that, you may continue sharing your views and opinions.

Thanks and regards.