Analysis with Shaurya

INTRODUCTION  We often hear about credit cards. Some of us believe that credit cards are really good as they help us to buy even those goods which are quite costly and we can't afford to pay its price in cash at present. However many people think that credit cards are like a trap where they will get trapped by high interest charges. By the end of this article it will be very clear to you whether the credit cards are a trap or a help for you. How does it work ?  Whenever you will approach a bank or any financial institution which is issuing credit cards, they will tell you the limit up-to which you can buy goods and pay for services and also the interest rate which they will be charging from you for the amount which you owe to them provided if you don’t pay the monthly bill of your credit card. If you are able to pay your monthly bill or credit card then you don’t have to pay any interest on it. But if you aren’t able to pay your bill then interest will be charged on a daily basis