Unique Credit Card Advantages That You Must Know

Unlock the lesser-known credit card benefits that go beyond convenience and access to credit.
Unique Credit Card Advantages That You Must Know
3 min read
20 July 2023

Credit cards offer a range of advantages that go beyond their primary function of enabling transactions. Credit card benefits like convenience and ease of payment are widely recognised benefits, but there are several lesser-known advantages that make credit cards even more valuable. Read on to know the lesser-known advantages of using a credit card

1. Helps builds credit history: If you responsibly use your credit card by keeping your credit utilisation ratio low and making timely payments, you can build a positive credit history. If your CIBIL score rises to 700 or more, your chances of qualifying for a loan increase.

2. Credit card rewards programs: Many credit cards offer benefits like rewards programs that allow you to earn points, cashback, or other incentives on your online and offline purchases. These rewards can accumulate over time which you can redeem to shop online, book flight tickets, and hotels, buy merchandise, and much more. Bajaj Finserv offers 15+ co-branded credit cards that offer great rewards points and cash back.

3. Travel benefits: A handful of credit cards come with travel benefits like flight upgrades, discounts on tickets and hotels, free airport lounge access, and more. With Bajaj Finserv co-branded credit cards, you can get up to 10 complimentary airport lounge access in a year. Exploring the travel benefits offered by your credit card can save you money and add a touch of luxury to your journeys.

4. Annual fee waiver: While many credit cards charge an annual fee, some card issuers offer the advantage of waiving this fee entirely. The annual fee waiver feature can save cardholders a significant amount of money, particularly for those who prefer not to pay an annual fee for their credit card. With Bajaj Finserv RBL Bank Credit Cards, you can get an annual fee waiver when you spend above Rs. 1 lakh in a year on this credit card. Putting your small and big transactions on your Bajaj Finserv RBL Bank Credit Cards can help you reach spends above Rs. 1 lakh.

5. Cash flow management: Credit cards can help you manage your cash flow effectively. By strategically timing your purchases and payment due dates, you can optimise your cash flow and ensure that you have sufficient funds in your bank account. This can be particularly helpful when unexpected expenses arise, as you can rely on your credit card as a short-term solution while managing your finances.

From building credit history and enjoying rewards programs to benefiting from travel perks, credit cards offer an array of advantages that go beyond basic transactions. By utilising these lesser-known credit card benefits, you can make the most of your Bajaj Finserv co-branded credit cards and save up to Rs. 55,000 in a year.

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Frequently asked questions

What are the main advantages of a credit card?

The advantages of a Bajaj Finserv RBL Bank SuperCard include higher reward points, cashback offers, discounts on dining, movies, and shopping, interest-free withdrawal, emergency loans, balance transfer, and zero liability protection.

What are 3 good reasons to use a credit card?

While there could be multiple benefits, using a credit card helps you high rewards, earn cash back and improve your credit score by making timely bill payments.