5 Simple Tips to Get the Most out of Your Credit Card
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5 Simple Tips to Get the Most out of Your Credit Card

  • Highlights

  • Pick a credit card that offers low interest rates

  • Don’t ignore your credit card reward points

  • See if you can get cash withdrawals and part-payments

  • Learn about credit limit to loan on your credit card

It is a good idea to apply for a credit card when you are well settled in your job and have a healthy bank balance. If you are a responsible spender, you can get a lot of benefits by using your credit card wisely. Here are some tips to help you get the most out of your credit card.

1. Look for the Rewards

Most credit cards in India offer reward points when you swipe the card. Opt for a credit card that gives you the best rewards at the best rates. Are you a movie buff? Get a card that offers the most credit card reward points for movie ticket purchases. Use your card efficiently and earn extra reward points.
Additional Read: How To Use Credit Card Reward Points

2. Pick a Card That Offers Low Interest Rates

Your ideal credit card should not charge you a lot of interest. With the SuperCard by Bajaj Finserv and RBL, you can avail Equated Monthly Instalments (EMIs) at no extra cost. With the no-cost EMI feature, you can repay your credit card bills without any added interest. Just forget about the 12-14% interest that you are often charged to use the EMI option.

3. Find out about Cash Withdrawals and Part-payments

Not paying your credit card bill or withdrawing cash using your credit card can turn into a really costly affair. So, make sure to factor in the costs of the ATM withdrawals with the credit card and part-payment options as well. For example, a regular credit card may charge you 3.5% interest every month on your credit card dues. Plus, there’s the case of compounding interest—when you are charged an interest fee on your previous interest fee.

4. Check out the Added Benefits

Always look for extra credit card benefits. For example, some credit cards offer added benefits like access to airport lounges, discounts at partner retail outlets, free movie tickets and more.

5. Learn about Credit Limit to Loan

Some credit cards let you take a loan against your credit limit. Always look for such offers when using your credit card. This way, you can get timely support and save money in the process.
Additional Read: How To Use Credit Card Wisely

Finally, you must be cautious when using your credit card. The safety features of the card play an important role. Use a card that allows you to keep a tab on transactions at all times. If your credit card is not secure, your entire bank account becomes unsafe. This can lead to many problems.

Keep the tips mentioned above in mind to use your credit card in a better way. Be careful when zeroing in on a new credit card. Choose a card that offers the best benefits and the best rates of interest. For example, the SuperCard by RBL Bank and Bajaj Finserv offers several benefits and can bring down your expenses considerably. Send in your credit card applicationtoday.

Also check out pre-approved offers by Bajaj Finserv that help you save a considerable amount of time. All you need to do is enter your basic details and find out your pre-approved offer to get instant financing.

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