5 reasons why credit cards are better than debit cards
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5 reasons why credit cards are better than debit cards

  • Highlights

  • Credit cards help to manage expenses in the long-run

  • Start to build your credit score by taking a credit card

  • Avail rewards points and bonuses with credit cards

  • Convert your credit card limit into an interest-free loan

While you may rely on debit cards to keep a firm handle on your finances, a credit card could offer you the opportunity to balance and manage your expenses a lot better, in the long term. Not only are you able to defer your payments into a lump sum at the end of the month, you can also earn rewards points and bonuses, which can add up to significant savings.

Here are five reasons to reach for your credit card the next time you’re ready to swipe.

1. Manage your payments better

Unlike debit cards, you’re not spending actual money every time you swipe a credit card, but rather consolidating your expenses into an EMI. So, for example, if you have an emergency expense come up in the middle of the month, you don’t have to worry about not having the funds immediately available; swipe your credit card and settle the bill at the end of the month. This gives you the opportunity to manage your expenses a lot better in the long run.

2. Build a credit history

It is important for future loan issuers to have some credit history by which to gauge your loan eligibility. Credit cards are an easy and effective way to start building your credit score. As long as you’re regular with your monthly payments and don’t overstep your credit limit, you can boost your credit score. Unlike debit cards, credit cards allow you to prove your repayment capacity and overall financial discipline to lenders when the time comes for you to approach them for a loan.

3. Avail of rewards points and bonuses

Many credit card issuers offer reward points and bonuses to their customers, which can be availed of in the form of airline miles, discounts, hotel stays and more. The Bajaj Finserv RBL Bank SuperCard, for example, offers new customers up to 20,000 rewards points as a welcome benefit, and up to 20 points for every Rs. 100 spent. These points can be redeemed against a variety of products and services, including flight tickets, hotel stays and more. Credit card benefits essentially offer you affordable access to luxury living.

Shopping online made easy with the SuperCard

4. Protect yourself against fraud

Unlike debit cards, credit cards don’t require you to spend actual money every time you swipe, and this has the added advantage of protecting you against fraudulent charges. If your credit card is compromised, you can rest assured that you’re not losing actual money. Instead, you can report the fraud to your card company and have it reversed immediately.

5. Make the most of interest-free credit and cash advances

Credit card companies often offer special deals such as cashback at select outlets, fuel surcharge waivers and more. The Bajaj Finserv RBL Bank SuperCard goes one step ahead and allows you to turn your credit limit into an interest-free loan for up to 90 days, as well as avail of an interest-free cash advance for 50 days. These special benefits can go a long way towards better financial management and addressing immediate needs.

Credit cards aren’t just a convenience—they’re now a financial must in the modern wallet, thanks to the immense benefits they offer. Using a credit card could not only save you money, but also earn you big rewards in the long run, so keep swiping. To get started, check your pre-approved credit card offer from Bajaj Finserv and see all the benefits that this card brings right to your fingertips.

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