Credit cards, which have long taken root in America and Europe, have been popular in our country for several years. In the wallet of every third Ukrainian you can find one, or perhaps several, of these cards. This is related to the development of banking products and services. However, the word "credit" sometimes causes fear and mistrust, despite the convenience and wide use of cards in everyday life. Let's figure out what are the advantages of a credit card and whether there are any pitfalls. A credit card is a bank payment card that allows you to dispose of loan funds within the credit limit. The credit limit, in turn, is the maximum available amount that the owner has the right to use. Cards of the Visa and MasterCard payment systems are common in the world today

Advantages of credit cards

Cashless payment is a common way of paying for various services. The owner of the card can not only withdraw money from an ATM 24/7, but also pay with it in shopping centers, online stores, restaurants, gas stations. The card limit is set by each bank individually, depending on the client's credit history and needs. It will be possible to increase it if you are not noticed in late payments. The most attractive offers on the financial market are  MYFIN card

round-the-clock access to funds. Regardless of the time of day, you always have access to the amount to make a purchase without leaving your home. There is no need to waste time standing in line at the cash register or looking for a terminal to pay for an online purchase of a new coat or TV - you can pay for the order online.

Card processing speed. Competing with each other, banks try to attract customers by quick card processing and a minimal package of documents. And the ability to issue a credit card online saves time when visiting a bank.

Availability of a crediting grace period. The duration of the period of free use of credit funds reaches an average of 50 to 60 days