by : Smith James

One of the few things everybody needs to carry with him nowadays is credit card. It is a plastic card, small enough to be accommodated in the purse or wallet comfortably. But the work it does for the bearer is in no way small. It works as a mobile bank, ready to meet your need of cash anytime, anywhere. And that is not enough; with the card in your hand, you can buy something then and there without bothering whether you have balance in your bank account or not.

This is because credit card allows you the liberty to buy now and pay later. Even if you have no balance in your account, you can purchase the things you like or need. You will be given a particular time span to return the money. The time period you will be given may be enough to get your account credited with sufficient money.

The interesting thing about credit card nowadays is that some of them come with balance transfer facility. Under this facility, you can transfer balance from one credit card to another and in this way delay your payment for some more time without paying any interest. But in this case, you have to use cards of more than one company. Among the other benefits of credit cards, there is the leverage of buying things or availing services at discounted rates.

Very often, agencies offer especial discounts on particular products or services if you buy them with the card of a particular company. Besides this, you can withdraw cash by using credit card. Many of the companies allow their clients to withdraw a certain amount of money from their own banks or from the banks they are tied-up. These and so many other facilities are there that one can avail by taking credit cards.