EDUCATE INDIVIDUALS ABOUT CREDIT CARDS, HOW THEY WORK, THEIR BENEFITS AND DRAWBACKS, AND HOW TO USE THEM RESPONSIBLY. - PowerPoint PPT Presentation

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EDUCATE INDIVIDUALS ABOUT CREDIT CARDS, HOW THEY WORK, THEIR BENEFITS AND DRAWBACKS, AND HOW TO USE THEM RESPONSIBLY.

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Unlock the power of credit cards and empower your financial journey! Discover how credit cards work and maximize their benefits while minimizing drawbacks. Gain purchasing flexibility, build a positive credit history, and enjoy convenient online shopping. Learn to avoid common pitfalls and stay in control of your finances. Our comprehensive guide provides insights on choosing the right credit card, understanding interest rates, and maintaining a healthy credit score. For more information visit here - – PowerPoint PPT presentation

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Title: EDUCATE INDIVIDUALS ABOUT CREDIT CARDS, HOW THEY WORK, THEIR BENEFITS AND DRAWBACKS, AND HOW TO USE THEM RESPONSIBLY.


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Introduction
Credit cards are financial instruments that
enable users to borrow money to make purchases or
pay for services. Credit cards come with a credit
limit that determines the amount of money users
can borrow, and users are required to pay back
the borrowed amount with interest.
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  • Types of credit cards in India This section will
    cover the different types of credit cards,
    including secured and unsecured cards, rewards
    cards, balance transfer cards, and more.
  • How credit cards work This section will explain
    how credit cards work, including the concept of
    interest rates, minimum payments, and credit
    limits.
  • Advantages of using credit cards This section
    will discuss the advantages of using credit
    cards, including convenience, rewards programs,
    and protection against fraud.
  • Disadvantages of using credit cards This section
    will cover the drawbacks of using credit cards,
    such as high-interest rates, fees, and the
    potential for overspending.
  • Credit card usage tips This section will provide
    tips on how to use credit cards responsibly, such
    as paying off the balance in full each month,
    keeping track of spending, and avoiding cash
    advances.

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