CREDIT CARD BENEFITS: Use Credit Card wisely, there are many benefits, understand the whole thing here

Benefits of a credit card: Experts say that if you use a credit card incorrectly, you may have to pay a large amount of interest. But if the credit card is used wisely, then there are many benefits.

Benefits of a credit card: The use of credit card has increased a lot today. Some people use it smartly in discipline. Many people use it carelessly. Experts say that if you use the credit card incorrectly, then you may have to pay interest in the form of a large amount. But if the credit card is used wisely, then there are many benefits. HDFC Bank (HDFC Bank) has stated many benefits of using credit cards.

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Facility Benefit of Credit Card

With this card, you get relief by adopting different methods of payment. Neither you have to count the cash nor do you need to write the check. You swap just one card and payment is made. There is no need to carry more cash. If you want, you can link the credit card to the digital wallet.

Utility bills are deposited on time.

Every month you make recurring payments like your phone, electricity or gas bill. To get this bill deposited on time, you can set your credit card automatic for payment. This eliminates the problem of forgetting your bill payment and you do not have to pay penalty.

 Credit is available without interest.

Credit card comes with a grace period between purchase and payment. It can be up to 50 days. The bank does not charge you any interest for this 50 days. With this you can buy big items and the bank has to pay the bill in 50 days. Keep in mind, if you miss this, it will cost you dearly.

Can redeem rewards

Whenever you make a payment with a credit card, you get rewards. You can redeem them with many types of offers. This saves you some money.

You can track every month’s expenses. Can track the expenses of every month.

Credit card statement is a great way to track your expenses every month as it gives you details of each item of your expenses.

Credit score can increase

Most people are not aware of this, but a credit card can increase your credit score. Institutions like CIBIL give credit scores to people, depending on how active they are about their payments. If you pay the credit card bill on time, then it increases your credit score. A good credit score means that you can easily take both loan and credit card in future.

Extra benefits are also available.

There are also some extra benefits of credit cards. Suppose you have a HDFC Bank Credit Card, then you can get cover in case of fire and theft in case of accidental demise and on the items purchased by you. In such a situation, you will get insurance cover without any premium. You only have to spend a minimum.