What are the benefits of a credit card and why you should get one?

Posted on Wednesday, July 5th, 2023 | By IndusInd Bank

Credit cards are not just a convenient way to pay for things, they are also a powerful financial tool that can help you achieve your goals. Whether you want to save money, earn rewards, build your credit score, or travel the world, there is a credit card that can suit your needs. Here are some of the benefits of having a credit card and how to use it wisely. 

Paying for purchases over time 

One of the main advantages of credit cards is that they allow you to pay for purchases over time and spread out the costs of big purchases. This can be useful when you need to buy something expensive, like a laptop or a fridge, and you don’t have enough cash on hand. You can use your credit card to pay for it and then repay the balance in monthly installments. 

Convenience and ease of use 

Another benefit of credit cards is that they are very convenient and easy to use. You don’t have to carry cash around or worry about losing it or having it stolen. You can use your credit card to pay for anything, anywhere, anytime, with just a swipe or a tap. Can also link your credit card to your digital wallet, which allows you to scan and pay without even having to carry your card in your wallet. 

Credit cards also make it easier to track your spending and manage your budget. You can access your credit card statement online or on your mobile app and see all the transactions you have made in a month. You can also set up alerts and reminders to help you pay your bills on time and avoid late fees. 

Credit card rewards 

One of the most attractive benefits of credit cards is that they offer rewards for using them. Depending on the type of credit card you have, you can earn perks, points, or cash back for every rupee you spend. You can then redeem these rewards for exciting gifts and vouchers, such as free shopping trips, movie tickets, flight tickets, hotel stays, and more. 

However, not all credit cards offer the same rewards or have the same redemption options. You need to compare different credit cards and choose one that matches your spending habits and preferences. For example, if you travel frequently, you can apply for the IndusInd Bank Club Vistara Explorer Credit Card for travel discounts. If you shop online often, you can apply for the IndusInd Bank Legend Credit Card for extra reward points. 

Fraud protection and security 

Credit cards are safer than cash or debit cards when it comes to fraud protection and security. If you lose your cash or have it stolen, there is little chance of getting it back. If someone uses your debit card without your permission, they can drain your bank account and leave you with no money. 

But if someone uses your credit card fraudulently, you are not liable for the charges as long as you report it to your credit card company as soon as possible. Most credit card companies have 24/7 customer service and fraud detection systems that monitor your transactions and alert you of any suspicious activity. 

Credit score improvement 

Another benefit of having a credit card is that it can help you improve your credit score. Your credit score is a number that reflects how well you manage your debt and repayments. It is used by lenders, such as banks and NBFCs (non-banking financial companies), to assess your eligibility for loans and other financial products. 

By using your credit card responsibly, you can build a positive credit history and boost your credit score. This means paying your bills on time, keeping your balance low, not applying for too many credit cards at once, and checking your credit report regularly for errors. 

Why you should get a credit card from IndusInd Bank 

If you are looking for a credit card that offers all these benefits and more, you should consider getting one from IndusInd Bank. IndusInd Bank offers a range of credit cards that cater to different needs and preferences. Whether you want a credit card for travel, shopping, entertainment, or rewards, you can find one that suits you. 

Some of the features and benefits of IndusInd Bank credit cards are: 

• No joining fees or annual fees 
  
• Low interest rates and flexible repayment options 

• Reward points on every spend that can be redeemed for cash credit or gifts 
  
• Complimentary access to lounges in airports 
  
• Travel insurance, air accident cover, lost baggage cover, and delayed baggage cover 
  
• Discounts and offers on dining, shopping, entertainment, wellness, and more 

Check your eligibility for the IndusInd Bank Credit Card here. 

Conclusion 

Credit cards are not just a way to pay for things; they are a way to improve your financial life. By using them wisely and responsibly, you can enjoy many benefits that can help you save money, earn rewards, build your credit score, and travel the world. 

If you are looking for a credit card that offers all these benefits and more, you should get one from IndusInd Bank. IndusInd Bank offers a range of credit cards that cater to different needs and preferences.  

So, what are you waiting for? Get your IndusInd Bank credit card today and start enjoying the benefits of having a credit card! 

Apply Now 

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 taking any financial decisions based on the contents and information.