Credit cards: Balance transfer can reduce debt; Lower interest rates will allow you to pay the princ
By Adhil Shetty
Credit cards are popular financial tools; they allow consumers to convert their large purchases into EMIs. This feature also enables cardholders to make expensive purchases more affordable by spreading the cost over several months. Flexible repayment options, such as interest-free periods and the ability to pay the minimum amount due, provide additional financial flexibility to consumers.