Benefits of using Credit Cards in India

Dear Friends

Many of us use Credit Cards mainly because we get a free credit period of 15 to 50 days for making our payments. We can advance our purchases and pay the money in next month. Of course, that’s not all about benefits of using Credit cards. The ‘reward points’ on your spendings is something you can use wisely and get additional benefits. Cashback, discounts, Lounge access are additional benefits. SBI Cashback is a famous credit card to get cashback on all online spends.

On spending certain minimum amount (like Rs 50, 100, 150, etc.) you get these reward points. The points can be accumulated and later you can redeem them for different rewards. The rewards include flight or hotel booking, shopping vouchers, etc. Though it looks small, if you collect lot of reward points over the time, it can be a big reward. Currently, you can also get virtual credit cards instead of physical cards. The UPI credit cards can be added to your UPI Apps also!

Example of a big reward can be something like paying 70% of your flight or hotel booking through the reward points. Some large hotel chains also allow you to book a hotel room entirely using these reward points provided you transfer your Credit card reward points to these hotel points.

Tata Neu, Marriott Bonvoy, Accor Limitless, Hilton Honors are some of the famous examples of such hotel loyalty programs where you can transfer your HDFC, Axis, Amex or other bank credit card points to these hotel loyalty programs and later use them to book hotel rooms. Another best benefit of some of these (mainly high end) credit cards is getting free access to Airport Longues and enjoy the free food over there. Each and every bank has their own creddit cards but you have select the best one as per your need. Make sure to make the enire payment by due date to avoid any fine or interest!

I have personally experienced this by transferring my American Express (Amex) Membership Reward Points to Marriott Hotel’s Loyalty Program known as Marriott Bonvoy and using these points for one day stay at a luxurious Marriott Hotel. Axis Atlas is also a very good credit card for Travelers! Your credit card can be life time free, first year free or paid. It depends on the offer you get.

With my personal experience, I recommend American Express Platinum Travel Credit card as it has best reward points system and very good partners to transfer these points.

I am also sharing a referral link to apply for this Amex Credit Card where you can save on the first year’s fees and get some bonus reward points also. Refer to Amex website for Card details, fees and features. People who like to travel a lot should definitely go for this card!

https://americanexpress.com/en-in/referral/cHITTD7VPi?CPID=100526018

Chittaranjan Deo, Pune, India