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Credit Card: Whenever there is talk of a credit card, many people say that one should stay away from it. They think that it is a kind of debt in which a person slowly gets trapped. But the truth is that if you use a credit card wisely, it can make your life easier. Let us know the 7 big benefits that you can get from a credit card.

1. Your credit history is built

When you go to take a loan, the bank first looks at your credit history. A credit card is a kind of small loan. If you pay it on time, then you have a good credit history. If you have more than one card and you use all of them properly, then this history becomes even stronger.

2. You get reward points on every expense
The more you shop with a credit card, the more reward points you get. You can later convert these points into cash or take shopping vouchers. The value of points is different in different banks, but it is a way to return the benefit of your spending.

3. You get 30-45 days to make payment
If you buy something with a credit card, you get 30 to 45 days to make the payment. That means you don't have to pay immediately. If you pay with cash or a debit card, the money would be deducted immediately.

4. Earn interest on your money during those days
Until you pay the credit card bill, the money in your account remains as it is. If you invest that money in an FD or keep it in a savings account, you will also get interest on it. That means you can earn money from money.

5. You get discounts in sales and offers
Whenever there is a sale on sites like Amazon, Flipkart, sometimes good offers are available on some special credit cards. Like 10% discount or cashback. If you have that card, then you can buy the product at a cheaper price.

6. EMI facility is also available
When you shop with a credit card, you easily get the option of EMI. Sometimes you also get no-cost EMI, that is, without interest. EMI is now available on debit cards as well, but most of the best deals are available only on credit cards.

7. Instant help if you suddenly need money
If there is a sudden medical emergency and you do not have money in your account, you can still make payments with a credit card. You can also transfer money to the account by recharging the card from a platform like Paytm. However, this incurs a little extra charge.

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