How to use a credit card?
Getting your first credit card is a major financial step. Used properly, credit cards offer a flexible way to cover unexpected expenses and build up a good financial reputation. However, used irresponsibly, credit cards can potentially lead to long-term debt and difficult financial situations, so it’s important to understand but how to use a credit card and how not to use one. Luckily, most of this boils down to ordinary common sense. Parson uses the cards (Credit, Debit, Visa, etc) for shopping and other activities.
HBL Credit Card
Welcome to a world of services and flexibility. HBL Credit Card makes shopping fun and paying simple. So make the most of your shopping experience. If you need extra money to make a special purchase, aim to pay the debt down quickly. Then lower your limit back to a more manageable amount. Use our credit card calculator to help you work out how much to pay off. Think carefully before getting a credit limit increase and don’t live beyond your means. HBL Credit Visa cards to use by shopping and other activities.
Personal finance experts spend a lot of energy trying to prevent us from using credit cards and with good reason. Many of us abuse them and end up in debt. But, contrary to popular belief, if you can use a credit card responsibly, you are actually much better off paying with credit than with debit.
- Signup Bonuses
The standard debit card offers zero rewards or very small rewards. Many credit cards, however, offer significant rewards when used responsibly. For example, applicants with good credit can get approved for credit cards that offer signup bonuses worth anywhere from $50 to $250 (and sometimes even more). Other cards offer up a large number of points that can be redeemed for rewards like gift cards or air travel.
- Cash Back
If you sign up for the right credit card, you can earn anywhere from 1-5% back on your purchases.
- Investment Rewards
Some cards, like the Fidelity Investment Rewards card, offer a higher rate of cashback in exchange you must deposit your cashback directly into an investment account.
- Frequent-Flyer Miles
It seems like every airline these days has at least one credit card available. Cardholders rack up miles at a rate of one mile per dollar spent, or sometimes one mile per two dollars spent. The price of the plane ticket you ultimately end up redeeming your miles for will determine how valuable this credit card reward is, but many frequent flyer cards are made immensely more valuable by their mileage signup bonuses these are often enough to put you 50-100% of the way toward a free flight within a month or two.
Many card rewards work on a point system where you earn up to five points per dollar spent. When you reach a certain point threshold, you can redeem your points for gift cards at some stores. You can also use the gift cards as gifts, making holiday and birthday shopping simpler and less expensive.
HBL Golden and Green credit card
HBL Golden and Green credit card Welcome to a world of convenience, flexibility, and opportunities. By choosing the HBL Credit Card, you have actually chosen to enter a world of simplicity and excitement.
Your HBL Credit Card offers an array of benefits specifically designed to empower your lifestyle and help you live life to the fullest. Among its many features are attractive reward points, exclusive shopping and dining offers, dedicated phone banking services, and the flexibility to pay later for what you buy today. Your HBL Credit Card is accepted at millions of outlets worldwide, making shopping even more exciting.
HBL Platinum Credit Card
HBL Bank Platinum Credit Card is designed for your lifestyle at home and abroad, providing luxury, excitement, and world-class service.HBL Bank Platinum Credit Card offers an array of benefits, which empowers you, allowing you to enjoy the platinum side of life.
Among its array of advantages are complimentary international airport lounge access, higher reward points, exclusive shopping and dining offers, and the flexibility to pay later for what you buy today. Your HBL Platinum Credit Card is accepted at millions of outlets worldwide, making shopping even more exciting.