For us with the order of the economy, credit cards and gasoline cards are absolutely superb. Your credit cards usually give you free loans for approx. 45 dg. Simply because there is a big fight for the customers. When credit card debt has to be paid, consider that the choice is between paying everything right away or delaying the payment. If you pay your expenses at the very end, it costs you nothing, but if you choose payment over time, then a significantly large interest rate begins. Perhaps you have realized that this is, of course, what the companies want us to do. For the simple reason that this is actually how companies make their money.
Let’s discuss some benefits of credit cards:
Easy to get payment deferral, often for 45 days.
You do not have to immediately reduce your bank account instead of a bill on our purchases.
You have money resources in hand
Free of charge, and generally zero fees on the card
You have the opportunity to have the funds in the bank and get interest on them during the free period.
Here is a review of the pluses and minuses of gasoline and credit cards to save the most money.
If we settle for us by the due date, no interest will accrue, of course, depending on when in the month in advance you complete the purchase. One can thus say that this is a virtually free loan of cash.
Then the security is good when acting online or abroad.
Credit card handling provides good knowledge of your expenses.
Similarly, a gasoline card is a good way to get a simple overview of gasoline consumption.
Maybe you will be able to receive approx. 6% discount on your gasoline expenses with a petrol card type card!
You can use your credit card to receive a deposit or security and then have no need to commit funds to your account.
Many credit cards offer you insurance for travel, non-life insurance or other benefits on action taken with the gas card or the like. credit card
Disadvantages of credit card
You will be charged a high interest rate if you have not sent payment on maturity, and then an effective interest rate of approx. 20 percent very normal.
Keep in mind that it is expensive to use the credit card as a regular loan, and it can be unprofitable to withdraw money with the card.
With serious negligence, the customer can be held liable for up to NOK 8000 if the credit card is misused.
The credit card companies live partly out of fees that the user places must pay in cases where we withdraw the gas card, but also of the interest money from the customers who have not paid the costs of payment maturity.
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