The word “Credit” needs no explanation to the average Joe. However, the best way to explain revolving credit might be to explain what it is not.
I’m sure the first thing that came to your mind is, “Abeg o” or “This bank people have started”; well, we are not “bank people” and we come bearing good news. Let me formally introduce to you Boon Credit – the credit card for you!
You are probably wondering if this can be true. Yes, your Boon credit card can be a very powerful and useful tool to help you manage and improve your overall financial picture.
A lot of people are very sceptical about loans and credit, and will totally disregard any loan product. This perception also extends to credit cards. Therefore, it is important to consider the common misconceptions or myths surrounding credit cards and explain them.
Getting your first credit card is a major milestone. Half the time, you’ve already read up about how credit cards work.
Credit cards represent a convenient and secure form of payment for consumers. They are an important part of everyday life, and they are effective in purchasing everyday items such as groceries, paying petty and major bills, from electricity bills, internet bills, Netflix and DSTV subscription to even planning a staycation or vacation for yourself.