What are the benefits of a Credit Card?, List of 8 key Credit Card benefits

What are the benefits of a Credit Card?: credit card benefits, In fact, if you have very GOOD credit, you’ll be able to take advantage of a lot more perks than if you had bad credit. Be it booking a car ride or a movie ticket, purchasing expensive gadgets or a cool fashion accessory, shopping online or at a neighbourhood store, recharging your mobile or settling the utility bill, a Credit Card is one of the most convenient methods of payments.

Here’s list of 8 key Credit Card benefits:

Convenience benefit:

Why carry wads of cash around when you can pay with a simple swipe of your card? A Credit Card is one of the simplest ways to pay for anything – no more counting out change or writing cheques, just present the plastic! You can even link your card to your digital wallet, which allows you to scan and pay without even having to carry your card in your wallet.

Recurring payments benefit:

While Credit Cards are great for one-time payments, you can also set it up to automatically make recurring payments such as your phone, electricity or gas bills. No more will there be a chance of forgetting to pay bills on time and facing penalties or disconnection.

Recharges and tickets benefit:

One of the biggest Credit Card benefits over cash is the ability to pay for a wider range of online services. For example, you can’t buy flight tickets or recharge your mobile phone with cash on delivery. You can easily pay for them through a Credit Card.

Interest free credit benefit:

One of the main advantages of using a credit card is you can defer your payments till your bill your due. Banks offer a maximum 50-day grace period for paying back your dues. A New Credit Card comes with a grace period between purchase and payment (could be up to 50 days) during which the bank does not charge any interest. This is a perfect example of buy now and pay later.

Rewards benefit:

Credit card companies offer reward points for any purchases you make with your card. For example, HDFC Bank gives 2-5 reward points for every Rs 150 spent using your card. You can then use these points to purchase gifts (available on the company’s rewards page). Every time you pay using an Credit Card, you earn rewards. You can redeem these rewards for exciting gifts and vouchers such as free shopping trips or even free flight tickets.

Cashbacks and discounts:

All banks offer cash back opportunities if you use your card to pay monthly bills (electricity) or for grocery purchases. Besides, online shopping portals too have cash back offers on various products. From fuel surcharge waivers to great online shopping deals, your Credit Card opens the doors to a host of cashbacks offers and reward points, especially with selected offline and online merchants.

Travel in style benefit:

The Credit Card makes your travel a more pleasant experience with free access to exclusive airport lounges, priority check-in and boarding, extra luggage allowance, etc.

Expense tracker benefit:

Credit Card statements are a great way to track your expenses every month since it provides you with an itemised account of your expenditure.

Now that you know the Credit Card benefits, are you ready to swipe?

Looking to apply for HDFC Bank Credit Card? Click here to know more!!