New Delhi, July 8 -- It is likely that your financial health will be significantly altered based on whether you choose to make a large purchase on a credit card, such as technology, an appliance, or a vacation. If used properly a credit card can provide reward points, convenience, or purchase protection. This information will help you make the best decision.

Ramakrishnan Ramamurthy, Chief Delivery and Operations Officer - India, Worldline, express his opinions on using credit card for big purchases, "While a lot of pre-planned one time purchases like a home or a car would be availed through the traditional loans, discretionary spends are associated with credit cards. CC gives the flexibility for a customer to give a short credit period t...