Mother's Day gift: Can a credit card be a good gift to your mother especially when she is not earning?
Mother's Day is celebrated as a day dedicated to all the mothers who unconditionally love, nurture, and support each of us. This year Mother's Day is on May 12, 2024. Every child should dedicate this day to giving back to their mothers something useful that can help and support them. And one of the most important support which one can give is financial support especially if she is a non-working mother or housewife.
There are many ways to empower a mother financially and one unique way to give financial support to a mother is through credit cards. A mother can easily get one if she is working or has any business income. However, for those mothers who are non-working, or do not have any income history, or credit score, etc getting a credit card might not be so easy.
What use can a non-working mother make with a credit card?
Many wonder how a credit card can work for the financial empowerment of a non-working mother. There are various purposes for which she may use a credit card.
Given below are some use cases:
- Emergency situations: «I think non-working mothers should have access to a credit card to help them in emergencies like hospital or doctor's appointment, or maybe last-minute utility bills payment, groceries shopping, etc. A credit card can provide them with a safety net in case of unexpected expenses or cash flow problems,» says Sheetal R Bhardwaj, UAE ambbassador, Global Blockchain Business Council.
- Better expenses management in one consolidated place: «It's a good idea to have a credit card — it ensures
