Credit card issuers offer pre-approved loans to card users with a healthy re-payment record and credit profile.

Credit cards become a valuable financial tool once you learn to use them sensibly and responsibly.

Arguably, the most attractive feature of a credit card is the interest-free grace period that can be availed by users provided, the amount to be repaid, is cleared by the due date.

Since credit card transactions are similar to availing loans, all such transactions are reported to the credit bureaus that use them for calculating, as well as building your credit profile.

You can time your big-ticket purchases in a way that can help you gain a longer credit period.

Banks and financial institutions offer Cardholders the option of paying for certain purchases through Equated Monthly Instalments (EMI).