How to save money every time you swipe your credit card?

Posted on Wednesday, November 22nd, 2023 | By IndusInd Bank

The prospect of maximising savings with each credit card swipe is more attainable than you might think. By understanding the mechanisms at play and aligning your financial behaviour with the incentives offered by credit card providers, you can strategically create a situation where each transaction becomes a step toward enhanced savings.

If you are looking for smart ways to maximise savings while enjoying the convenience of credit cards, you must strategically channel your spending and use the benefits offered. Credit cards offer a host of benefits beyond their primary function, and when used wisely, they can help you save substantially. Let us explore how you can save more every time you swipe your credit card.

How can you save money using credit cards?

Apart from offering convenient payments, credit cards provide numerous offers and benefits that you can utilise to save more on your transactions. Thus, a credit card can be your financial ally in several ways.

Reward points

When you use your credit card for everyday expenses, you earn reward points on your purchases. This is like getting a discount every time you swipe. IndusInd Bank Credit Cards, in particular, offer never-expiring reward points in various categories, such as dining, travel, fuel, shopping, entertainment, and more. You earn reward points on each of your expenses and can later redeem them for exclusive discounts.

Merchant discounts

In addition to reward points, several credit cards provide discounts and offers at various merchants and brands. For instance, the IndusInd Bank EazyDiner Credit Card comes with exclusive dining offers across 2,000+ restaurants, offering up to 50% discounts on dining bills. You also get a 1-year EazyDiner Prime Membership worth ₹2,495 and complimentary domestic airport lounge access twice a quarter, including travel and entertainment offers.

Interest-free period

Credit cards come with an interest-free period, usually up to 50 days from the date of purchase. By paying off your card balance in full before the due date, you can avoid paying any interest, making your purchases effectively interest-free.

EMI options

Many credit cards, including those from IndusInd Bank, allow you to convert big purchases into manageable monthly instalments. Converting your large credit card purchases into EMI payments can help you avoid the burden of a one-time expense and maintain your financial stability.

Strategies to save money using a credit card

1) Choose the right card

Start by selecting a credit card that aligns with your spending habits and preferences. IndusInd Bank offers a range of credit cards, including lifestyle, travel and dining cards. By choosing the one that suits your needs, you can maximise your savings with credit cards.

One of the most popular credit cards in the rewards and discount segment is the IndusInd Bank Aura Edge Credit Card. It not only offers rewarding benefits but also lets you convert your rewards points into air miles, instant discounts and redemption against card dues. Earn up to 4 Saving Points on every ₹100 spent in various categories, such as shopping, bill payments, travel, home and dining. The innovative contactless payment feature on this card will offer you an enhanced shopping experience.

2) Avail welcome offers

Many credit cards come with attractive welcome offers. These can include bonus reward points, cashback or vouchers, giving you an instant advantage. Never miss on such offers as they can prove to be great for your saving goals.

3) Keep an eye on special promotions

Credit card providers frequently introduce limited-time promotions and discounts. Check IndusInd Bank Credit Card offers regularly to seize these opportunities.

4) Utilise reward points

Every time you swipe your IndusInd Bank Credit Card, you earn reward points. These points can be redeemed for a variety of benefits, including flight tickets, hotel stays, or shopping vouchers. This is a fantastic way to make your regular expenses work for you.

For instance, the IndusInd Bank Legend Credit Card offers you 1 reward point for every ₹100 spent on weekdays and 2 points during the weekends. You can redeem these points anytime to get attractive discounts and even pay for your credit card bills. Additionally, the bank also offers 4,000 points as a bonus reward for spending more than ₹6 lakhs per year. Explore IndusInd Bank Legend Credit Card now!

Things to keep in mind while using a credit card

While credit cards offer numerous opportunities to earn rewards and save more, uncontrolled use may push you into paying higher charges. To ensure that you save more and avoid common pitfalls, remember these tips:

• Pay your bills on time: Timely payments not only save you from hefty interest charges but also positively impact your credit score.
• Monitor your expenses: Keep an eye on your monthly spending. This will help you budget effectively and prevent overspending.
• Avoid minimum payments: Paying only the minimum due amount can lead to a cycle of debt. Strive to clear your entire outstanding balance each month.
• Read the fine print: Familiarise yourself with the terms and conditions of your credit card, especially regarding interest rates, fees and rewards. This knowledge will empower you to make informed decisions.

Knowing how to use your credit card responsibly will not only help you avoid unwanted charges but also boost your savings every time you use your card.

In a nutshell

In addition to payments, your credit card can be ideal for saving money when used judiciously. By choosing the right card, staying updated on offers, and practising responsible credit card usage, you can enjoy the convenience of cashless transactions while accumulating significant savings.

Remember, applying for a credit card, especially an instant credit card, is easier than ever with IndusInd Bank’s online application process. You can avoid the hassles of long approval processes with the bank’s 100% digital and paperless application process. Enjoy enhanced savings each time you swipe your card. So, why wait? Apply for an IndusInd Bank Credit Card online today,

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.