A credit card is a payment instrument that allows you to pay for online and offline purchases, utility bills, communications, or vacations. Unlike a debit card, the money on a credit card does not belong to the holder, but to the issuing bank. This article will help you understand how much it costs to use a credit card, how convenient and safe it is, and whether you need one.
How A Credit Card Differs from A Debit Cardand Froman Ordinary Credit
A debit card is attached to your personal account at the bank. To use it to make purchases, you have to add funds to your checking account. Some cards allow you to spend minus credit if your overdraft option is activated. But most debit cards are just your wallet, from which you can only take out what you put into it.
A credit card is the bank’s money. The principle of financing your spending is similar to a consumer loan: you get money for a certain period in an agreed amount and have to pay it back. The main difference is that you can use the available limit for free during the grace period, which is also called interest-free, and it is easier to obtain.
Payment Rulesfor Accumulated Bonuses
You can use the accumulated bonuses or, on the contrary, credit them by making a purchase through the site after authorization. When buying in our stores, it is enough to tell your phone number and have it with you.
Restrictions:
· A new customer discount bonus card cannot be received by an organization;
· the discount cannot be combined with other discounts and promotions;
· bonuses are not credited for purchases with an additional 15% discount;
· when buying for bonuses free delivery may not be provided;
· Bonuses will be canceled in case of return of goods;
· The period of validity of bonuses is half a year;
· the bonuses are activated within fourteen days after purchase.
How To Pay By Card
When placing an order in the online store, you will have to select the method of payment “Bank card through the Internet “. The system will switch you to the authorization server page, where you will be prompted to enter your plastic card data, initiate its authorization, and then return to the store using the “Return to Store” button. After you return to the store the system will notify you of the results of authorization. If authorization is confirmed, the operator will call you back to clarify information on the order delivery. In case of refusal to authorize the card, you will be able to repeat the payment procedure. However, I will say right away that if you decide to buy a credit card, Capital One is absolutely right for you. First of all, you may find out all the details about the card on this site, that is, here you will find instructions for activating the card and the benefits of using it. Secondly, you will be surprised as soon as you find out how many bonuses you can receive just by buying music with this credit card. So, hurry up and read the detailed description of how to receive the card!
IsIt Beneficial to Use A Credit Card?
A credit card will be quite advantageous in the following situations:
· If you use a grace period and repay the debt in full during this period. In this way you can use the card with almost no overpayment – you will have to pay only for the service and SMS-notifications
· If you use the card as a backup payment instrument in case you need money in a hurry. Unlike a payday loan, the interest rate on a credit card is lower, there is an interest-free period, and you can repay the debt in installments.
· If you apply for a card to pay for one major purchase, and then close it. Credit cards have a higher interest rate than consumer credit cards, but the minimum payment is usually lower, and you gradually pay more as you repay your debt.
· If you actively use the bank’s bonus program and follow partner specials to get increased cash back and points. Combined with the interest-free period, the shopping bonuses will help you use the card profitably
Mistake! What Should You DoIf You Can’t Pay by Card Online?
· Double-check the details. Maybe you missed a digit or pressed the same key too many times.
· Is everything specified correctly? Then pay attention to the expiry date. To make a successful online payment, your bank card must be valid at the time of the transaction. If this is not the case, ask the issuing bank to reissue it.
· Check the limit for online transactions. If it is less than the required amount (including fees), you will not be able to pay. First, you need to increase or remove the bank limit.
Conclusion
If you follow the rules of use, a credit card will be a very profitable payment instrument. It can also be a very convenient alternative to a microloan or a consumer loan if you need to make a large purchase, for example. A credit card is more convenient to use than a debit card when you travel abroad, including the purchase of music. So, if you have a desire to get a card for music purchases, choose Capital One and follow the basic rules for using a credit card.
Tom
