Citibank credit card is a program of multinational banking business from Citibank. To attract costumer to choose Citibank as a bank for their daily transactions, Citi bank always upgrade its benefit and functionality. There is only the benefit that they get than disadvantages; so Citibank is thinking more to make people interested. You use this credit card if you do not want to bring a lot of money in your wallet; you also do not want to use your card to get cash money from an ATM, your pocket will full of money. With a credit card, you only have put your card to pay the bill.
You have money from your credit card. Do you know how your credit cards are working? Citibank credit card is when the bank lends money for you. To use this credit card, you have special purpose may be to purchase something. The loan itself has two types, which are a secured loan and an unsecured loan. A secured loan is you have collateral (has greater value than the loan) to guarantee your loan. An unsecured loan is the loan, which has no guaranteed, so you can use your credit card anytime, and to pay the money later, you will get some reminding letter to pay the loan. Besides, credit card is different with debit card. The debit card will take your saving account immediately after you purchase something, or in the other word the money come from your account.
Citibank credit card is not free loan. You need to pay it back once a month. You will be punished if you are not paying the loan after you borrow the money. The amount of your loan to use the money determines how much you will get to pay. You will get alerts to pay back the loan. Therefore, you have to maintain in spending the loan and choose the right credit card. You need to plan what the loan is for, and whether you’re spending time money will run your loan or not, or if there is an advantage offered for you to use loan money.
Use the money carefully and with ready plan. You need to responsible when the time to pay the loan is coming. How you manage, the credit will get the effect on the loan. Before you apply to get the Citibank credit card, creditor decide if you are eligible or not to have the loan in the form of credit card. Of course, if you want to have a credit card you must have income so you are able to pay the credit card. Your income supports the credit card. The more card that you need is the more income you should have. Then the creditor positively gives your credit card as your ability to repay what you charge.
Easy tips to maintain your Citibank credit card is you use a loan not until the limited money on your credit. You have to manage your daily lives need and do not too greedy buy anything if you have big income. A credit card may have future risks so you have to look carefully and read credit card’s term. In addition, the last is you have to pay the bill of your Citibank credit card on time, so the creditor will not worry to loan the money again for you.