Unlock Exciting Rewards and Savings with Your Credit Card Owning a credit card unlocks a world of valuable benefits, from loyalty programs to special offers. When you use your card, you can earn reward points for every eligible purchase, often starting from as little as Rs. 100 spent.
These accumulated points can then be redeemed for a variety of rewards, such as gifts, airline miles, or even to offset future expenses. The number of reward points you earn depends on the specific credit card you have and the type of purchase.
For instance, the Black card offers 5 points for every Rs. 150 spent, while the Times card provides 3 points per Rs. 150 spent. Beyond the loyalty points, your credit card can also unlock additional savings when shopping online.
Many popular platforms offer extra discounts to customers who complete their purchases using a credit card.
This can significantly boost your overall savings. Alongside the reward points and discounts, credit cards often provide cashback opportunities for online transactions as well. This further enhances the value you can derive from using your card for everyday purchases.
Using a credit card to make online purchases provides an extra perk – a portion of the transaction is returned to your bank account in the form of cashback. This offers you additional savings beyond the other benefits you receive. Building Credit through Responsible Card Use One of the most underappreciated advantages of credit cards is their ability to help build your credit score.
Having a strong credit score is advantageous in multiple ways – it not only enhances your eligibility for loans, but also grants you access to better interest rates and loan offers.
Utilizing a credit card responsibly is one of the simplest methods to improve your credit score. A credit card functions like a short-term loan, and by consistently paying your monthly bill on time, you establish a solid credit history. This positively impacts your credit score, allowing you to increase your credit rating.
Paying for Major Online Buys with Flexible Installments A credit card makes it simple to pay for substantial online purchases in small, manageable installments. For example, if you want to buy the latest premium smartphone but don’t have the full amount upfront, you can use your credit card to complete the purchase and then pay it off over time.
Top online retailers offer interest-free installment plans for credit card users. This “no-cost EMI” option allows you to choose your preferred payment schedule without incurring any additional charges. Just select the EMI plan when checking out, and the installment amount will be automatically deducted from your credit card account. Despite common beliefs, credit cards are actually more secure than debit cards, especially the latest models with built-in chip technology.
So you can shop online with confidence, knowing your purchases and personal information are well-protected. Safeguarding Online Transactions with Credit Cards Modern credit cards employ a two-step authentication process.
This means that, in addition to entering your card number and the three-digit security code on the back, you must also enter the one-time password (OTP) sent to your registered mobile number to complete the purchase.
This extra layer of security makes credit cards a highly secure option for online shopping. Empowered Protection Against Faulty Goods and Fraudulent Charges Unlike debit cards or mobile wallets, where the funds are immediately deducted from your account, credit cards provide you with the ability to request a reversal of the payment if you receive a defective product.
Furthermore, credit cards offer protection against fraudulent transactions. If you suspect any unauthorized activity on your credit card, you can report it to the card issuer, who will investigate the matter and reverse the charges if the transaction is found to be fraudulent. This dispute resolution process is also available for debit card transactions, but it typically takes longer to resolve. Across the globe, most online retailers now provide cross-border delivery services. However, the downside is that not every international seller is equipped to handle debit card or digital banking transactions.
Utilizing a credit card grants you the freedom to browse and purchase from any website globally, with your desired items arriving conveniently at your home.
