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Convert big-ticket expenses into EMIs with credit cards
Get reward points, bonuses, discounts, cash back and more
Stay protected, as you don’t lose actual money in case of theft
For added benefits, apply for a Bajaj Finserv RBL Bank SuperCard
Making spending and managing money infinitely more convenient, credit cards have become a staple in most wallets. The advantages of a credit card are manifold: they offer an added layer of protection since fraudulent charges can be instantly reversed with no harm done, they often come with a number of rewards and loyalty programmes, and what’s more, they are universally accepted.
Here are the top ten ways in which you can use your credit card.
When you first sign up for a credit card, you are often entitled to special welcome privileges. This can be in the form of rewards points, a free gift, or even a free flight ticket. A variant of the Bajaj Finserv RBL Bank SuperCard, for example, offers you a whopping 20,000 welcome points, which can go a long way towards earning you bonuses, discounts and more for things including flight tickets, hotel stays and purchasing electronics or other lifestyle products.
As you continue to use your card, you will continue to earn rewards points. The SuperCard, for example, could give you up to 20 points for every Rs. 100 spent. You earn more points if you swipe at network partner outlets or use your card abroad. And, if you needed more incentive to reach for your SuperCard, know that each spending milestones earns you an additional bulk of rewards points! So, choosing a credit card that you can use to redeem products and services that are dear to you goes a long way in ensuring maximum savings.
Rewards points can be redeemed for flight tickets, free or discounted hotel stays, and even as frequent flier miles. All this helps you jet-set across India and the globe while saving money in the process. Besides such rewards, credit cards like the SuperCard offers you additional perks like free airport lounge access and more reward points on international spends. This way you can travel with ease, knowing that you’re reducing your outflow every time you swipe your credit card.
Many credit cards come with add-on insurance packages, like rental car insurance and travel insurance, so check with your issuer to see what plans might be relevant to you. Additionally, swiping your credit card for big ticket items like smartphones or laptops might entitle you to a specially extended warranty period or add-on protections as well.
Credit cards win over debit cards in that each time you swipe, you’re not losing actual money. This means that in the event of fraud, you can contest the false charge without too much hassle or worrying about lost funds. What’s more, cards like the SuperCard come with added cyber security and zero-fraud liability policies to protect you from cybercrime.
Many credit card companies have retail and service partners, and this essentially serves as a list of verified, quality vendors. Not only is your issuer guaranteeing you access to great products and services, but is also incentivised to take extra steps to protect you from fraud. In case there is an issue with a transaction or a purchase is not up to the mark, your credit card issuer will redact the payment from the vendor rather than from you. More importantly, some credit cards offer you superior benefits such as discounts and cashback when you shop from partner sellers. For example, when you use the SuperCard, you get to enjoy privileges and more discounts when you shop from any partner seller on the Bajaj Finserv EMI Network. Moreover, this RBL credit card allows you to convert your big purchases into easy EMIs for greater convenience.
It is important to build a good credit history in order to prove your repayment capacity to future loan issuers. So, by using your credit card wisely, paying it off on time, and keeping your credit utilisation to 40% to 60%, you can increase your credit score and get a more affordable loan from lenders. This way, when the time comes to apply for your first home, business or personal loan, and you need to prove your financial discipline, you have a credit history to show for it. Sometimes, credit cards are an easier, more accessible and cheaper option than taking a loan too. In fact, the Bajaj Finserv RBL Bank SuperCard even lets you convert your credit limit as an interest-free loan, which you can pay back within 90 days. This can come in handy when you require urgent funds.
Credit cards allow you to swipe anywhere in the world since they’re universally accepted. Special travel credit cards offer you additional privileges like free airline tickets on signing up, airport lounge access and discounted hotel stays. The SuperCard even extends its rewards programme, offering additional points for every Rs. 100 spent on the card internationally, so the more you spend, the more you gain.
Credit cards also offer you the opportunity for cash-advances through ATM withdrawals, sometimes at far more competitive interest rates than loans. For example, in addition to an interest-free loan, the SuperCard offers you interest-free cash withdrawals for up to 50 days—which frees your wallet up considerably. You can use it to meet your needs without any delay or compromise.
Finally, credit cards offer you a way to convert your expenses into EMIs. This is especially useful in the case of emergency purchases that you may not have the funds for at the time, but know you’ll be good for by the end of the month. Credit cards essentially offer you a much easier and more manageable way of balancing your expenses, and provided you pay them off responsibly each month, you’re on your way to building a solid credit history, in addition to a bank of invaluable rewards points and luxury services.
Credit cards aren’t just convenient—for the responsible spender, they’re a valuable source of money-saving discounts and services. To get started, find a credit card that works for you and to make the most of all that it has to offer. Check your pre-approved credit card offer from Bajaj Finserv and experience the power of four cards in one!
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