Customer Says:
I am a business man and basically need money daily usually 10000-50000> on daily basis.So,I thought that a credit card might help me.Are these> really helpful.Pls tell me which card to apply for.
Ask Pranav says:
Credit Cards are to be used for convinience, so that you do not need to carry Cash everywhere you go. They are not to be used as Tools for Working capital management, as you are sure to get stuck in a Debt Trap. Please do not make this mistake.
Credit Cards are to be used for convinience, so that you do not need to carry Cash everywhere you go. They are not to be used as Tools for Working capital management, as you are sure to get stuck in a Debt Trap. Please do not make this mistake.
However, if you need to get a Credit Card under any circumstances and you will be using it extensively, I suggest you avoid Barclaycard, ABN Amro and the other smaller companies. It would be better to go with ICICI or Citibank as they have a better product offereing and they have a robust Internet platform which will help you manage your account Online.
The Citibusiness Credit Card from Citibank would be a good option to go with.
Do write into ask.pranav@gmail.com for any further clarifications that you might have. Also do visit http://www.simplybank.blogspot.com/ for interesting articles in the financial services space, which may be of use to you.
Regards.Pranav
