Curated By: Business Desk
Last Updated: September 26, 2023, 18:03 IST
Before taking any credit card, one should check the terms and conditions.
Credit card issuers offer many benefits including cashbacks and discounts and it’s advisable to check offers in detail before finalising a card.
The festive season has arrived and many e-commerce platforms, including giants like Flipkart and Amazon, are going to launch festival sales soon. Most families spend a lot of money shopping during festive season. If the expenditure is done through a credit card instead of cash, then one can save money in many ways. It will reduce the expenditure burden, and one will be able to buy their favourite items with attractive discounts.
If one chooses the right credit card then there is no need to worry about expenses. Rather, the expenditure will benefit them. During the festive season, banks give many offers and discounts to credit card users. Credit card issues offer many benefits like no cost EMI, low interest rate, bonus points and cash backs, among others.
Here’s how to maximise savings on your credit card expenses this festive season:
1. Choosing the right card
The first and most important step is to choose the right credit card. Before taking any credit card, check all its services according to the requirements. One can take whatever credit limit suits them as per their needs. Companies also offer different types of credit cards.
2. Credit Card Categories
Credit card companies distribute benefits in many categories. One should take care of them before choosing their credit cards. If a cardholder shops as per the offers in specific categories then cashbacks, discounts or perks can be availed.
3. Use it daily
It is suggested to use credit cards for daily transactions as well. You can use credit cards to purchase food or other household items. With this, one can get credit card rewards or bonus points which can be used further to reduce the price of any item in the future.
4. Signup Benefit
Many companies also give a signup bonus and welcome benefits. Many card issuers give cashback rewards, coupons and discounts to new customers.
5. Understand the benefit structure of the card
Every credit card has its unique benefit structure. It includes cashback on transactions, discounts at merchant outlets, accelerated reward points at partnered merchants, fuel surcharge waivers, and many more. One needs to understand the complete benefit structure of the card before using it. Then, they should use the available benefits to claim discounts, cashback, and free benefits the card offers.
