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Credit cards have become indispensable parts of our financial life. When you compare credit cards you may end up with Rak Bank. Credit cards are indispensable part of modern life and they serve numerous purposes. Gone are the days of carrying huge amount of case which was not only inconvenient but also highly unsafe. Instead a small rectangular plastic card today can serve all the purpose. When it is a credit card it gives you extra buying powers according to the limits set by the card provider. But before buying any credit card, certain comparisons are necessary. Why should you compare credit cards before buying one? Deciding the Type You Want Credit cards can be classified broadly into two categories; prepaid and postpaid. Each has its own advantage and disadvantage. Before buying a credit card you need to decide which type you need basing on your requirements and financial status. Postpaid Credit Cards • With postpaid credit card you can spend much more than your actual buying capacity at the time of purchase. • Usually postpaid cards carry a credit limit set by the provider that varies according to type of cards and financial assessment about you made by the provider. • On the downside is the fact that usually the interest and fees charged on such cards are on the higher side. Moreover, you could be in for penal interests and fines for becoming a defaulter. • Unless you are in a position to pay back the credit card expenses incurred regularly and in time, the card may not be preferable option for the buyer. Prepaid Credit Card Benefits of prepaid credit card is that you will always know where and how to stop. You cannot spend more than the amount available in your account. That is why you will not have to pay any additional amount towards the interests nor have the problem of becoming a defaulter. On the downside is the fact that unlike postpaid credit card your purchasing power is limited to only the amount you have as balance in your account. In the ultimate analysis it is you who decides whether to go for apparently riskless but limited prepaid or the comparatively riskier but greater powered postpaid credit card. Bear this in mind when you make your credit card apply. Rak Bank Credit Card Almost ever bank offers some credit or debit card. In fact postpaid cards are named as credit cards while prepaid ones can be termed as debit cards. Providers also have their specific terms and conditions attached to the credit/debit cards. Rak Bank credit card has got certain special features that may suit you and may have advantage in comparison with others. Rak Bank Card Features Features of Rak Bank credit card are as follows. • Up to 5%, 3%, and 1% cash back on overseas, Titanium, and other transactions with the card. • No annual fee is charged. • Interest rates on retail purchases are low. • Interest free credit for 55 days. • Free supplementary cards provided for family members. • Free purchase protection and free travel accident insurance. • Cash advance up to 50% credit limit. • Lowest minimum monthly rates. • Fine dining discount scheme for clients. • Exclusive benefits in MMI travels. With all these attractive features, there is all possibility of Rak bank cards gaining advantage over the competitors. Bray Dallin talks about Compare Credit Cards in Dubai. For more information visit our website gulfmoneymart.com.
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