Life is Easier With Plastic Money

Addi asked:


As the cities of India are getting a cosmopolitan touch day by day, the malls spanning huge scope and the world class brands making India their most favoured hub, new reasons for shelling out money have also taken birth. The huge plazas and shopping complexes displaying varied, alluring collection of goods make us forget everything. The rise in the living standards has also given a way to lavish expenditures.

The past decade has seen an escalation in the standards of the Indian cities especially the metros. The multinational companies establishing their foothold in India have helped the majority of Indian population to not only make their both ends meet but also to make a luxurious living in return of their service. More earning means more spending. This is how credit cards evolved themselves.

The etymology of credit cards is no doubt impressive and but a credit card can ransack your funds totally if not used sensibly. Let us throw some light on the usage and procurement of instant approval credit cards.

As the name suggests, the instant approval credit cards are obtained in a small time frame with less hassles and formalities. These cards are basically put to use for paying off the electricity bills, phone bills and for other expenses like refilling your car etc. The only reason which makes the procedure for procuring an instant approval card is that the operations are done completely online. The application form is filled and submitted online and the notifications are given through mails. This makes the procedure quick.

Another factor that can get you instant approval is the availability of a co-signer. A co-signer can be a person who can take the guarantee of your credibility. If the co-signer is from an impressive background or occupation, for e.g., a government employee then the card will be in your hands more or less within a week. This way the bank or the card lending company also feels assured that the money is in safe hands and the chances of the amount going astray are bleak.

The idea of carrying instant cash in the form of a plastic card for all your needs is of course quite tempting but one must bear in mind that he should analyse his financial conditions as to whether or not the repayment of the amount is within his reach. Using the credit card blindly is the last thing for a wise man to do.

One of the basic deciding factors of getting a credit card approved is your credit history. A bad credit history can make the chances of getting approval for the card bleak or even far from possible. Customers who have a credit grade ranging from good to excellent can get approval in almost no time.

While browsing the Internet, you will come across scores of advertisements for credit cards. Hundreds of thousands of companies declare their efficiency in providing the credit cards without making the customer wait. But it is the duty of the customer to compare credit card interest rates and other factors that hold significance.

The rate of interest of the cards should not be high to such an extent that you end up getting stuck in the process of repaying the amount. The terms and conditions of the company should be flexible. However no matter how much hard a person tries to save himself from the financial crunch, there comes a month in everybody’s life when he or she becomes late in paying off the bills. That may be due to lack of funds, or the payment date might have slipped off your mind, or may be because of your tight schedule you fail to find time to repay the debts. It is advisable to note carefully the penalty imposed on late payment. It should not be too harsh for your own good. Reach a higher level of satisfaction with an instant approval credit card.


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