These days, SALE is going on on many e-commerce sites including Flipkart and Amazon (Amazon Prime Day sale). In such a situation, many types of great offers are being given to the customers by the companies.
These days, SALE is going on on many e-commerce sites including Flipkart and Amazon (Amazon Prime Day sale). In such a situation, many types of great offers are being given to the customers by the companies. These offers are also available on credit cards. Some are giving discounts, some are giving cashback, some are giving Buy Now Pay Later, that is, the facility to buy goods now and pay later.
In such a situation, many people must also be thinking that instead of buying goods with a credit card, if you take the facility of Buy Now Pay Later, then the credit card limit will also not be blocked. Here a big question also arises that is it right to shop with a credit card or use Buy Now Pay Later?
There are some similarities between credit card and Buy Now Pay Later
Whether you buy goods with a credit card or through Buy Now Pay Later, in both, you get some time to pay. In both, a credit limit is fixed, beyond which you cannot shop. If you do not pay on time, then in both, you have to pay a penalty.
But both have their own specialties too
If you shop online using a credit card, you get reward points. Some credit cards also provide cashback. However, if you use Buy Now Pay Later, you will not get reward points.
If you buy goods with a credit card, you get 30-50 days to make the payment, while under Buy Now Pay Later, you often get the facility to pay the outstanding bill by dividing it into a few installments. There is no separate charge for this. However, sometimes the option of no cost EMI is also available in credit cards.
From whom should you make the purchase?
If you want to buy something through online shopping, then you should first give importance to your credit card. This is because you will get more benefits in it. You will get cashback as well as reward points. At the same time, if you want, you will also get the facility of no cost EMI. Yes, if you do not have a credit card or there is no limit left in it, then you can use Buy Now Pay Later.
