Now that you have understood credit card benefits and are planning to apply for one, it is very common to wonder what all you can use it for. While the working of a credit card is different from other forms of payment like cash or debit cards which require you to possess the required funds, they are as powerful, if not better.

So what are the best ways to use a credit card? Here is a list of 4 popular things you can pay for with your credit card-

1. Buy Expensive Electronics and Appliances on EMI

Be it the latest LED TV or a smart refrigerator, using your credit card for such expensive purchases is surely a smart decision. This eliminates the need for you to drain your savings and pay for the purchase in easy instalments as most such purchases now have an EMI option. In many cases, such EMI offers are interest-free.

2. Travel Safely and Comfortably

From booking your flight tickets, hotel reservations, to renting cars, credit cards are a go-to option for all your travelling needs. Many of the cards now also come with features such as travel insurance, airport lounge access, air miles and more to further enhance your travelling experience.

3. Shop Online and Get Rewards

Another popular credit card usage is online shopping. If you love shopping online, you can switch to credit card payments to pay for your purchases at a later date. If you cannot pay the entire balance at once within the grace period, credit cards also offer the minimum payment option.

Moreover, you can now also find co-branded credit cards sponsored by online retailers that offer more bonuses and rewards when you shop from their stores online.

4. Cashbacks on Fuel

Many of the credit cards also come with a cash back or rewards for purchasing fuel, allowing you to save more every time you refuel your vehicle. Simply use such credit cards for payment at refuelling stations, and you can avail amazing benefits based on the amount you spend.

With the cost of fuel rising consistently in India, such credit cards can come in very handy if you use a vehicle for your daily travels.

These are just some of the popular credit card uses that you can consider once you have your very own credit card. When selecting a credit card, prefer one that offers features that match your regular expenses. This way, you will be able to get maximum value from your credit card and experience significant benefits and savings.

Learn more about Mutual Funds for a good personal financial management.

DISCLAIMER

The information contained herein is generic in nature and is meant for educational purposes only. Nothing here is to be construed as an investment or financial or taxation advice nor to be considered as an invitation or solicitation or advertisement for any financial product. Readers are advised to exercise discretion and should seek independent professional advice prior to making any investment decision in relation to any financial product. Aditya Birla Capital Group is not liable for any decision arising out of the use of this information.



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