In the ever-growing shift to a cashless society, payments using cash to cards have been exponentially increasing. The non-cash payments have increased in volume due to the rise in adoption of digital payment services across all market segments. A research by CNBC predicts that tech innovations such as connected homes, contactless bank cards, wearable devices and augmented reality will drive cashless transactions in the future.
If you are looking to get your first credit card and you have absolutely no idea then you have come to the right place. Getting your first credit card is always an exciting experience but even more confusing. A credit card is similar to a debit card where instead of having the funds deducted directly from your checking account when you make a purchase, you’ll take on a short-term loan. This loan may or may not accrue interest, depending on when you pay it off.