It’s safe to say that Indians love themselves a good bargain. Which is why, we spend hours and hours researching for deals online to get the best value for all our purchases. However, we’re still a hesitant group when it comes to signing up for credit cards and unnecessarily so.
By using the right type of credit cards , you can maximize your savings without having to cut down on anything! Banks offer great introductory deals like 0% Annual Percentage Rates (APRs), Low Interest Rates, Minimum Amounts, and Bonus Points to attract more customers.
Here are the top 5 ways in which you can save more money while shopping by using a credit card:
It is important to understand your expenditure when you’re signing up for a credit card. Keep an eye on your spending patterns and align them while selecting a credit card that is best suited for your needs.
By making retail purchases, you earn Reward Points which you can redeem later for future shopping. Go cashless and pay with your credit card while paying for movie tickets, food, groceries, fuel, hotel rooms, etc. Not only are you making these purchases more frequently than others, but with credit cards, you are also saving more.
A lot of online retailers tie up with banks and offer additional discounts on using credit cards of those banks. Keep an eye out for such offers by the portals your bank has collaborated with. Credit card offers are more frequent on e-commerce websites and you can save more while making your next purchase!
Fly with the airlines associated with your credit card and increase the number of miles you’ve earned to get better deals on airline tickets. Another benefit of becoming a frequent flyer includes full access to airport lounges for free.
Maintaining a good credit rating has its own perks. Avoid late fee expenses, enjoy lower interest rates and improve your credit rating. If you’re one of the forgetful ones, you could link a Savings Account of your choice to your Credit Card and the outstanding sum will automatically be debited from your account monthly – on time.
You don’t have to be a Financial Expert to figure out which offer benefits you more. After all, a rupee saved is a rupee earned!
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