New Delhi, April 22 -- People have various credit options in the current financial world to manage expenses and achieve financial goals. Two of the most common forms of credit are personal loans and credit cards. This article discusses the suitable occasions for the use of credit cards and personal loans while providing information to empower you to make informed decisions.

For instance, if you wish to purchase a Rs.1,00,000 iphone. You can either avail a personal loan of one lakh or make use of a credit card with a limit of one lakh. This is how you should decide:

"Credit cards are ideal for small or recurring purchases like groceries, fuel, or online shopping especially when you can repay the amount within allowed days to avoid intere...