10 Benefits of credit card

Having a credit card allows you to earn reward points on your regular spendings. These reward points can be utilised as a concession on the further shopping ,travelling and dining Also you get access to many 5-star hotels for free as the benefit of having credit card.

credit card is one of the most convenient method of making payments while you are purchasing something online or offline.

the credit card issuers offers a pre approved loan limit on credit card, which you can avail if you need an urgent loan as the credit card loan do not requires any further documentation.

In case you dropped your wallet full of cash and realised later than you can’t recover that. But in case of credit card you can easily block your card as soon you realise the loss by simply communicating the lost to bank.

Credit Cards can be used in foreign countries without converting your money into foreign currency.Though this involves some cost, it is more convenient then doing that through any other channel.

You can have multiple credit cards for the multiple usage to earn maximum benefits. Like a card having specific travel benefits, a card with specific dining offers and so on.

Many of the cards offers additional benefits such as additional insurance cover on the purchases.

the credit card allows to pay off your utility payments and this is quite useful if you are going through a cash crunch so that you can save yourself from the penalties arising from non-payment.

Most of the credit cards have a partner setup with merchants, So if you make payment through credit card on these merchant outlets or sites than they offer you big discounts and cashbacks.

Credit card offers you a purchasing limit which is high then your income. So your purchasing power gets increased respectively.