+ Post a Comment HERE!   + Ask a Question / Post a Topic
Results 1 to 2 of 2

Credit Card vs cash payment - which is better in India ?


  1. #1
    Haqz is offline eTI Member

    Credit Card vs cash payment - which is better in India ?


    This question is popping up in my mind for quite some time. I make a lot of payment every month through credit card and then every month again makes payment for it. But what I am thinking that when I have cash in hand then why should use credit card ?

    For better explanation, assume that my monthly expenditure on utility bills, shopping etc. goes to an average of Rs. 40000 per month.

    Now if I make those payment directly from account or debit card.. will that be more economical or if I use credit card for the payments ?

    Or spending either way is same, only difference is that in case of credit card, you pay all at once while through direct banking or debit card, you pay instantly ?

    Give your views guys..

  2. #2
    Aarish Rizvi's Avatar
    Aarish Rizvi
    Aarish Rizvi is offline eTI Bronze
    Well, I use credit card for its convenience, I see there are certain taxes etc. on the bill but I think credit card should be use only in case when you are running out of cash or if you need cash for something more important where credit card can't be used. This is how I use mine. But calculation of comparison between cash payment and payment through credit card, can't find much difference.

+ Post a Comment HERE!

Similar Topics and Discussions

  1. I need credit card - my salary is 14.8 K per month
    By Unregistered in forum Bank and Finance
  2. Best Credit Card service and best credit card provider
    By vijji7 in forum Bank and Finance
  3. Credit card / RBI enhanced the Online Credit Card security from 1st August. 09
    By nupur. in forum Indian Current Affairs & Discussion

Tags for this Thread

Have Question? Ask now free!