The use of plastic money has increased and has now become a popular debt instrument.
A credit card, a form of plastic money, allows you to avail of short-term credit. The debt may then be cleared at a later date. However, not many are aware of the working and the implications of such a debt instrument. Many have pre-conceived notions that are not entirely true. Following are five popular myths about credit cards:
Getting such a card is not a good option
Quite many individuals do not opt for such a card as they believe that it will lead to damaging...