More Purchasing Power – Credit Card provides you a facility to purchase now and pay later. This facility really helps during the time of festival when you want to buy something for your loved ones but do not have cash ready available.
More Savings – With the help of Credit Card you can be sure not to miss on any payments and save money by avoiding late payment charges. Insurance policies, premium payments, investments in ELSS, installment payments and online payments can be done through credit cards.
During Emergencies – Credit Card comes handy during the time of emergencies and its interest rate is always less compared to borrowed money from other institutions. Also you get 45 -52 days for making payments and save additional money.
Reward Benefits – Reward points are associated with every purchase you do with your credit cards. These points can be redeemed later to purchase goodies, movie tickets or gift articles through online.
Online Shopping – Customer or consumers can purchase products and services at a lesser rate and enjoy the benefits by making purchases through credit cards. Additional discounts are associated with credit cards, like 5% additional discount for HDFC Bank customers, bonus points, free gifts etc. which provides additional savings to the customer.
Additional Protection – Accidental, Life Insurance or Travel Insurance cover is provided too few types of credit card holders with additional charges. Credit cards may also offer you additional protection if something you have bought is lost, damaged, or stolen.
Miles – Free Air Miles can be earned and redeemed later to book flight tickets. Miles earned can be redeemed against 5 star hotel bookings giving you another reason to go on affordable vacations.
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