All credit is bad credit ….
However if one does not hold a credit card you practically don’texist.
Benefits of a card are
a) cash/credit for emergency usage
b) cashlesstransactions
c) paymentfor that special thing you are running a bit short of in funds…
SBI credit card like any other card offers the same features…Standardsfinance charges etc apply.
Good things aboutthe card
a) alwaysoffer free balance transfers for 75 days.
b) Customersupport is good
c) E-statementsare provided
Cons
Thought there are many SBI ATMs around, SBI credit cardpayment cheques can only be made in their bank.(NOT the ATM drop box)
This makes it inconvenient as one needs to drop thesepayments in during working hours.
Besides that remember if you rotate credit , i.e. you do notpay the entire amount of money you owe the bank, you a looking at
a) largefinance charges
b) plustax on these charges
Also the new catch is if you owe the bank even 100 bucksfrom last month, whatever you purchase this month gets eligible for interest calculation.