Having a credit card is a financial responsibility that requires paying a monthly bill. Thus online apply for credit card has made it accessible to so many people. Every week one of the companies comes up with newer credit cards. Credit cards are useful for paying bills; now, they can help you save money on your purchases. Definitely, for getting such benefits, you have to know how to use credit card efficiently.
Correct credit utilization will help increase the credit score and be a great way to take advantage of good credit score facilities. Therefore before applying for a credit card, knowing the credit score is very crucial. It gets riskier to get a credit card with a low credit score. On the other hand, you need to apply for better credit scorecards to get great reward points and offers. Thus maintaining a good credit score is most important for credit card users.
4 smart ways to use the credit card to your advantage:-
It doesn’t matter which credit card you are using; make sure to use it correctly. Here we have discussed 4 ways how to use credit cards to your advantage.
- Keep an eye on credit card statements
Regular checking of credit card statements is necessary and helpful too. Not only this will help you to spend efficiently and not buy things unnecessarily. Also, to avoid any error in your statement by the bank, keep an eye on your credit card statement.
- Use credit cards efficiently for cash withdrawal
Just like debit cards, credit cards can also be used to withdraw cash when you require it. However, the credit card company charges some extra money for wash withdrawal. But you don’t need to stress about cash when you forget to take enough money if you have a credit card.
- Use the reward points
Rewards points are gained on every purchase, and these can be converted into cash or used for spending in different ways. Here I have mentioned the ways to use the reward points:-
- Airline, train, and Bus tickets
- Electronics items
- Mobile recharges
- Gadgets and smartphones
- Home appliances, Furniture, and kitchen appliances
- Healthcare services
- Hotel bookings
- Fashion and beauty products
- Personalized gifts
- Electric city and broadband bills
- Fuel purchasing
- Delay period for paying
Paying with a debit card takes the money instantly from the account.
Although with credit cards, we easily get a grace period of a month when we pay. This will make your purchase a little bit cheaper than it would be before. Also, you are spending the same money you will be using on your debit card, but credit cards offer reward points and cashback. That’s definitely a benefit you are getting while purchasing any item with a credit card. But make sure never to cross the bill payment date. This will result in paying late fee charges too.
Therefore buying with credit is advantageous if you are disciplined enough. Now that you are well aware of the correct credit card utilization, slowly shift your daily expense bill into a credit card bill. According to your credit limit, this helps to be on a budget and won’t let you overspend much.
Therefore to enjoy the most advantage while purchasing choose, Bajaj Finserv RBL Bank SuperCard. Now you know how to use credit cards, this SuperCard will be very useful for you. Bajaj Finserv offers a facility to online apply for credit card without any joining fees. This is a 4 in 1SuperCard which can be used as a credit card, loan card, EMI card, and cash card. Even the annual fees of Rs. 999 are waived off if the cardholders spend more than Rs. 50000 in a year using a credit card.
