Credit card benefits aren’t limited to accessing finances before your next paycheck gets credited to your bank account or making a big-ticket purchase. A credit card, when used prudently, can help you save too! This is easily possible by using discounts and cashback offers by partner vendors, which can bring down your total expenses when you pay off your credit card bill in full before the due date.
While this is an extraordinary benefit in itself, a credit card can do a lot more! Here are four different smart uses of a credit card that you may not have thought of.
Pay off another credit card’s bill
Instead of incurring interest charges on your credit card bill that defeats the purpose of using a credit card, use another credit card to clear your dues in full for the month and gain from an extended interest period. By shifting the balance to another card, you actually gain from a longer-interest free period and convenient repayment.
Purchase via EMIs
Certain credit cards allow you the benefit of making purchases on EMIs. The RBL Bank SuperCard allows you to convert purchases over Rs.3000 into monthly instalments that can ease the strain on your pocket. This card has many variants, some of which also come with minimal or no joining and annual fees making your credit card experience truly affordable!
Acquire a small loan without paying interest
The Bajaj Finserv RBL Bank SuperCard also ensures that you can rely on it for credit during emergencies. You can use it to borrow a personal loan up to your credit limit that remains interest-free for up to 90 days by paying minimal processing charges.
Further, you can also withdraw cash from the ATM and enjoy zero interest charges for up to 50 days. This way you need not worry about borrowing a full-fledged loan for urgent needs that charge you a hefty interest.
Keep a spending account easily and build your credit score
With your credit card bill generated on a fixed date every month, you can expect to see all your transactions in one consolidated sheet. So, if tracking every single expense isn’t working out too well and you often find it taxing to note down every expense mindfully, count on your credit card bill to tell you exactly how many times your ordered-in that particular month or if you seem to splurge on the same unnecessary expenses time and again.
Find the pattern in your splurges and reduce them easily. By paying off your credit card dues in full every month, you can also boost your credit score. This comes in handy when you plan on taking a loan in the future.
Thus, a credit card can be quite helpful in more ways than you know. If you are looking for a credit card that offers you maximum benefits, look no further than the Bajaj Finserv RBL Bank SuperCard. It comes with up to 20,000 welcome reward points and can help you save up to Rs.55,000 annually.
Enjoy the exclusive travel, lifestyle, and entertainment offers from partner brands and be certain of the security of your finances with the zero fraud liability cover and in hand security feature. Further, you can pay credit card bills online by using the convenient RBL MyCard app to pay your bills or use NEFT or net banking too. So, check your pre-approved offer to get started and power your finances to their fullest potential.
