What are the benefits of credit and credit card?
In credit for installment purchases, you receive the amount agreed in your account, being able to dispose of it as you wish. A credit card allows you to make cashless payments in many countries, make purchases at stores and online stores, as well as withdraw money from thousands of ATMs.
Know the desired financial product
To use a credit or credit card wisely, you need to know the desired financial product well. In both cases, you can increase your financial room for maneuver, although these products satisfy different needs.
The advantages and disadvantages
In credit for installment purchases, you receive the amount agreed in your account, being able to dispose of it as you wish. Before granting credit, your personal credit capacity is checked, with monthly installments and the term of the contract adapted to your needs.
The fixed monthly installments that can be accurately calculated allow you to always know how your budget is. This way you can plan your fixed expenses. If repayment difficulties arise, immediately inform your credit provider so that together we can find possible and appropriate solutions.
A credit card allows you to make cashless payments in many countries, make purchases at stores and online stores, as well as withdraw money from thousands of ATMs. In addition, the credit card allows you to enjoy a period of time without interest charges until your account is debited.
Card fees and commissions are different nationally and internationally, so it is worth making a comparison before ordering, as each supplier (eg SureCard or Bestcard) has different products for the same use. In addition, some merchants charge an additional fee if you wish to pay by credit card.
Settle the credit card statement
If at the end of the month, it is not possible to settle the credit card statement within the stipulated deadlines, interest will be charged many times higher than the interest on credit for installment purchases. In addition, it should be noted that the overdue debit of the account makes it difficult to plan the budget itself.
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