the virtual plastic money
What is Credit Card
Credit Card is also known as plastic money. It is issued by a bank or a similar financial institution that gives authority to the borrower to borrow funds at the point of sale. Credit Cards are a convenient substitute for cash and primarily used for short-term financing. A Credit Card is issued based on eligibility factors that include monthly income, credit history, credit score, company category and other related factors. The lending financial institution draws a credit limit for each borrower based on his/ her credit profile. Usually, the borrower must pay back the credit within 45 days of the purchase. In case, the cardholder delays or fails to pay back the amount, the bank charges interest on the borrowed amount.
How We can help you?
The SRFINCORP team consists of experienced and service-oriented professionals who help you choose the best Credit Card, suitable to meet your specific requirement. They will analyze your financial needs, and then help you throughout the process beginning from the submission of Credit Card application till the card issuance and even afterwards for any service requirement.
Credit Card FAQs
What is meant by credit card limit and how can it be increased?
How can I repay my credit card bill?
Do I have to pay interest on my credit card on a continuous basis?
How much penalty does the bank charge if I fail to pay my credit card dues?
Can I withdraw cash from ATM using credit card?
What is the procedure for applying for a credit card?
What is a CVV number?
What is the Over Credit Limit charge?
What are the various modes of receiving a credit card statement?
Credit Card – Features & Benefits
Substitute of Cash
Repayment of Credit
Helps in Building Credit History
Helpful in Emergencies
Amount of Penalty
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