Benefits of credit cards
In the growing era of Internet Banking and Mobile Banking, it has become very easy to avail various services of banks today. In such a situation, the importance of credit card has also increased a lot. But, not every credit card holder takes full advantage of it. One reason for which is also that not everyone is aware of the benefits available on the credit card.
Advantage of Credit Card
If you also have a credit card and use all its offers and services properly, then you can save a lot of money. Users can take advantage of the ‘Buy Now, Pay Later’ facility by using a credit card. Not only this, on using it, the credit card holder also gets many new offers, discounts and reward points.
Buy Now, Pay Later (BNPL)
Buy Now, Pay Later is one such facility wherein multiple platforms allow customers to shop now and pay later. The special thing is that the interest rates on this facility are very low or some platforms also provide this service without any fee.
If the bank is charging more interest on purchases from credit cards, then you should take advantage of the ‘Buy Now, Pay Later’ facility by using the credit card. On one hand you will have to pay less interest, on the other hand you can also get Cashback and Reward Points which will be useful for you in future purchases.
Use Credit Card For Rewards
If you prefer to use a debit card or credit card for regular transactions and purchases, you enjoy several benefits. Yes, we get reward points if we use credit cards for payments at supermarkets, petrol pumps, hotels and online shopping websites. You should keep an eye on these rewards.
Credit Card Merchant Special Discount
Discout is applicable for all shoping using issued credit card at mentioned location. You should also keep an eye on these discounts. This discount can be 5 to 20 percent. Therefore, if you also have to shop, then first of all check that there is no discount being given on shopping with the credit card you have.