Choosing a credit card can be challenging. That’s why a digital comparison platform is so beneficial. Let’s take a look at how you can make the smart choice and easily choose the best credit card product offered by banks in Pakistan.
When it comes to financial products like credit cards, making informed decisions is crucial. It’s something that should complement your lifestyle and your financial needs. That’s why it can often be difficult for consumers to make the right choice – mainly because there are so many products on the market with different features. According to available statistics, between 2009 and 2013, the number of credit and debit cards in Pakistan has increased from 9.2 million cards to 23.1 million cards. In terms of transaction value, it totalled more than US$18.8 billion (PKR19 trillion) in 2013. This shows a growth of almost 25%.
Choosing the Right Product
One of the biggest problems facing consumers when it comes to choosing a credit card is the fees and interest rates associated with it. it’s a well-known fact that credit cards can attract a high-interest rate, which is why consumers need to carefully choose the product they want. Then, of course, there are so many options to choose from if you are looking for a credit card product. From Balance Transfer Cards and Instant Approval Cards to Student Credit Cards and even Prepaid Credit Cards. So how do you choose the right one? By using a digital comparison platform. When consumers choose a credit card, they are considering factors like:
- Interest rates
- Card limits
- Repayment periods
- Transactional fees
Not everyone has the ability to compare every card offer manually. That’s why people have turned to digital comparison platforms. Being able to sit in the comfort of your own home and compare credit card options is a great benefit to have. You can compare costs, card limits and other special features.
Using a Digital Comparison Platform
Digital services have risen significantly during the last few years. With millions of consumers browsing the Internet, using a digital platform to compare products is a great benefit to have. You’ll have the ability to compare prices, specific card features, interest rates, and more. You can also read honest user reviews to help you make informed decisions when choosing a card. With a digital comparison website, you can:
– Compare cards side by side
– Compare transaction fees
– Compare interest rates
– Read user reviews
– Select cards by credit limit
Before digital comparison websites were available, consumers had to manually do research by phoning companies or representatives, or visiting their offices. This can be very expensive and time-consuming. Now they have the ability to compare products side by side before they make their decision.
Mawazna.com is a leading financial services comparison platform that allows consumers in Pakistan to choose the best credit card product for their unique needs. Visit us online to compare banking, insurance, broadband products and more.