Credit cards are one of the useful financial instruments that an individual possesses. This card helps a person to pay anywhere and everywhere without any fret. Some of the convenient payment options it includes are the provision of paying later, no need of using hard cash, pay with credit card offers and so on. In addition to that, one can also break down a large amount into small EMIs, which is one of the most lucrative gifts of a credit card.
Here are a few offers or rewards that will tempt you to spend using a credit card-
Credit card offers on purchase of goods and services: Many credit cards offer exciting deals such as cashback, reward points and discounts on the purchase of goods and services. However, to enjoy this, you must have the credit card from an issuer that provides such benefits.
Shopping benefits on credit cards: Shopping is something people love and most of them are addicted to it. A credit card user knows how lucrative it is to shop using a credit card since they can earn by spending. Not to miss, with the allowance earned in the form of coupons, one can shop again by using the same.
Credit card offers on groceries: Some of the online credit card offers are provided for purchasing groceries through sites like Bigbsket, Grofers, etc. For this, different banks are offering different types of benefits in return such as reward points, cashback, and the likes.
Credit card offers on health and wellness: One of the most important components of life is health, without which people can miss out on major things. However, health also requires a hefty investment from hard-earned money and when diseases hit with uncertainty, a major chunk of the savings may get drained in the treatment. For this, one can use a credit card which would allow him to get health-related offers while paying for treatment, purchasing medicines, etc.
Other credit cards offer: Alongside the banks that offer multiple benefits of using a credit card, there are some of the eCommerce websites as well that provide a few special cards for shopping purposes. For instance, online merchants like Amazon, Flipkart also have their respective credit cards in partnership with the banks. One can easily apply for such cards and enjoy exciting deals on everything purchased from the website.
How to make the most of credit card rewards?
Here are a few points on how you can make the most of credit card offers and rewards earned through spending every time.
Align your rewards according to your likes: A reward can be in a motley of forms such as points, cashback, discounts, etc. You will have to plan how you are going to align your rewards in a way so as to enjoy the maximum benefits. It is advised not to pick a reward program that you would hardly use and stick to the ones that will give you benefits regularly.
Cashback above everything: What could be more better than getting paid while shopping? It is a type of reward you will get each and every time you spend using the credit card.
Use a single card: While people keep too many cards with a notion that whatever offers come up they can grab. But this is a bad practice in general because this creates a habit of spending triple just to use the reward. For instance, if you shop with one card where you have received 30% cashback and on the other card you got a 20% cashback, you would not be able to combine both since both the offers are made from separate merchants. However, if the reward point gets piled up to one card, chances are you can enjoy cashless shopping altogether. Also, if you are an experienced user and can handle multiple cards simultaneously, you may consider this point as an exception.
Mind the expiry date: It would be a huge waste if the earned rewards expire before you use them. After all, you are not using a credit card to waste points and rewards. So mind the expiry date and spend or shop before the deadlines.
Check for the terms, conditions and charges: Many a time, a user plans shopping according to the rewards that are being offered in his card. So, it is important to go through the terms and conditions and check the offers in detail. Also, banks and card issuers are famous for changing their terms anytime. All they will require is to notify you via email or SMS. So, check for any such email before making any purchase.
To enjoy a smooth experience while spending, it is important to plan accordingly. Also, you will need to know how you can use the rewards or how it actually works. Besides, learn about the different types of credit cards and know which one will get you the maximum benefits. It is fine to keep a number of cards if you have excellent credit handling skills and you know how you can make the most from each one of them.
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