What are the benefits of a credit card?

Hi,

Beyond convenience, other advantages of credit cards include providing cardholders with the opportunity to build credit, earn rewards and cash back, and protect against credit card fraud.

1) Cashback: On online purchase, many banks offer cashback on credit card. Like online shopping, pay your bills, etc.

2) Reward points: Many credit card companies offer reward point on any purchase. You can collect all reward points and use as your convenience

3) EMIs: You can purchase anything on EMI, later you have to pay the installment of your purchase.

4) Grace period: Bank gives you a 50-day period to pay your all remaining dues.

5) Use during an emergency: You can use your credit card in an emergency like a medical emergency or other financial emergencies.

6) Builds credit history: Credit card is the best way to boost your credit score. Regular use of credit card and payback on time will help your credit score to increase