Credit cards are convenient financial instruments provided by the banks to the customers using which the customers can make purchases without cash.

Every credit card comes with a pre-decided credit limit up to which you can spend. You have to repay the amount spent in a billing period – usually a month – on the due date. You can also pay a minimum portion of the bill and roll over the remainder as credit, for which the bank will charge you interest.

Credit cards can be used for making both offline and online transactions. They also give you benefits like reward points, cash-back offers and many more.

With a credit card, you can make purchases even if your bank balance is zero. Of course, you have to pay it back by the due date to avoid a penalty.