Why your every purchase should be on a credit card

 

The post-pandemic shopping trends have seen an exponential growth in online transactions. Many factors have led us to change our ways of making purchases and paying for them online. In order to pay for your purchases online, there are different modes of payments available like Credit Card, Debit Card, EMI Card, Net banking, UPI etc. You can choose any method for payment as per your convenience.

However, using a credit card to pay your bills or making payments can have some pros for you. It is an instrument which has a number of benefits if you use it wisely. One must understand how to effectively use the card In order to yield its benefits.

Below are some of the benefits of using your card for almost every purchase –

1. Credit benefit – The credit card allows to shop for goods and services on credit. This means, whenever you are short of funds, you can easily use your credit to buy the stuff that you need on priority and pay the credit card bill later.

2. No-cost EMI shopping- Credit cards are very helpful tools as they help you in no-cost EMI shopping. As you do not have to pay any extra interest for the goods you buy on no-cost EMI, it is a very affordable to look for when you have to shop.

3. Partner Offers – Each credit card has a host of benefits to offer from their partner brands. You can avail these special benefits if you shop with the partner brands of your credit card. They can help you save money too!

4. Cashback Vouchers – You can also stand a chance to win cashback vouchers that can be redeemed at partner brands when you shop at their stores.

5. Reward Points – Every card gives you reward points for using it for making the payments for goods or services. Certain cards give reward points on annual milestone spends of a particular amount.

6. Cash withdrawal – Some cards also allow you to withdraw cash from ATM’s . This of course is charged with certain amount but for initial few transactions, the cash withdrawal is totally free of any interest.

7. Global acceptance – As it is accepted universally, it is the best medium of payment that you can carry along with you. You do not anything else to pay, if you have a card. This makes your life much easier when you are traveling abroad.

Read ALso - Habits for using a credit card you can carry forward in this pandemic

8. Improves credit history – The more you use your card and repay the bills on time, the more you make your repayment track better. All of your creditworthiness improves when you use your credit card and repay its bills within the grace period, on time.

The Bajaj Finserv app is the best credit card app where you can apply for a credit card online and manage your transaction easily. It also allows you to pay for your credit card bills online. You can very easily apply for the RBL Bajaj Finserv Co-brand Credit Card in just a few steps.