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Updated by aggarwalshipra87 on Dec 04, 2018
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10 Benefits of credit card

Here is the list of benefits of keeping a credit card with you which I was getting by using the one. I just would like to share my benefits with you .Please add the one which you are receiving and also let me know How? Also vote for the benefit which you are also receiving.

1

You Earn reward points

You Earn reward points

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.

2

You can make Convenient payment method

You can make Convenient payment method

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

3

Pre Approved loan on credit card

Pre Approved loan on credit card

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.

4

Protection in case of loss

Protection in case of loss

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.

5

Foreign currency transactions

Foreign currency transactions

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.

6

Multiple options of usage

Multiple options of usage

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.

7

Additional insurance benefits

Additional insurance benefits

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

8

Necessary bill payments

Necessary bill payments

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.

9

Heavy discounts and cashbacks

Heavy discounts and cashbacks

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.

10

Increased purchasing power

Increased purchasing power

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