Reasons to Use Your Credit Card

Adding a credit card to your wallet can be the most crucial decision of your life and you don’t want to apply for the wrong credit card. Like a coin has two sides so do credit cards. You can use the credit to your advantage only when you have the right credit card. You can choose a credit card among the top credit cards that match your needs and spending habits.

The disadvantages attached to credit cards must be stopping you from using them. In this article, we have covered 8 reasons why you must use your credit card so that you can enjoy all the features and benefits it has to offer.

1. Universal Acceptance: Credit cards are universally accepted, unlike debit credit cards. Wherever you are you can use your credit card to make the payments.
2. More secure: Credit cards come with an embedded chip that makes them more secure as compared to cash. Whenever you make a payment you will be asked for verification in order to avoid fraudulent activity.
3. Easy to carry: They are easy to carry as compared to cash. If somebody steals your card you still have a hold on it as you can get it blocked immediately and protect yourself from a loss. Whereas, if your cash got stolen then you won’t be able to do something. Also, it is difficult to carry a bundle of cash along with you every time.
4. Sign-up Bonuses: On getting a credit card you get the signup bonuses which makes your experience with the credit cards more rewarding. The sign-up bonuses include reward points, cash back, complimentary movie tickets, vouchers, etc. depending on your credit card.
5. Earn rewards: On using a credit card you get to earn reward points against your purchases. You may or may not get to earn reward points on all the spend categories as they differ from credit card to credit card. You need to take a credit card that matches your needs and spending habits so that you can make the most out of your credit card.
6. Offers & Benefits: From time to time you get offers on your credit card that you can use to save the cost on your spending, for example, rent payment offers on credit card while paying the rent through the Magicbricks website. You also get to enjoy benefits like travel, entertainment, insurance, etc. on your credit card.
7. Builds credit score: Credit Cards help you to build a credit score whereas you won’t be able to build the same with the cash and debit cards. For building a good credit score you need to use your credit card wisely, keep the dues clear, and maintain a low credit utilisation ratio.
8. Interest-free period: Another advantage that you get with a credit card is the grace period or interest-free period on it. You get time to pay the credit card outstanding on or before a due date without any extra charges.

Bottom Line:

To conclude, by this time you must be convinced that using a credit card wisely will only going to help you maximise its benefits. One of the top credit card issuers is the HDFC Bank which has provided the HDFC Smartbuy portal to the credit cardholders so that they can enjoy all the offers and discounts enlisted there. Remember that you need to adhere to the timely repayment cycle so that you do not fall into a debt trap.

Additional Reading - A Beginner’s Guide To Credit Card Points And Miles