Hi all,
Since I have three credit cards and one of them was more then 2 years I think I can offer some suggestions to you.
Do not go for ’’free ’’ cards . decide whether you can use a c. card at all or not. there are different types of cards and different fee for it.usually they give you ’’silver card’’ which is also international
2) If you need a c.card at go through their fee.structure and decide. on my part i have icici.true blue card which charges me 400 Rs a year. btw this is a domestic card so you can not use it for FE transactions
3) If use it wisely the credit time is useful for non cyclic expenditure. ie., you have a sudden expenditure and and you can pay with your next salary. Otherwise the big advantage is cashless transactions alone.
4) The credit limit is a relative factor. The issuing bank watches your payment history and increases it gradually (once a year) and remember there is a upper limit for each type of card.
5) If you are really making a purchase involving >10k do not use c.card. bargain with the shop keeper. Ask for discounts on cash payment or finance schemes. some times finance schemes are quite attractive and convenient compared to c.card installments.
I have seen one site regarding pros and cons of credit cards
Student credit cards
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