5 Top Advantages of Credit Cards You Need to Know

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In today’s fast-paced world, credit cards play an indispensable role. The perks and advantages of credit cards are so numerous that they are no longer considered mere tools for making purchases. 

From improving your financial health and boosting your credit score to unlocking exclusive benefits, here’s a quick glimpse into the key advantages of credit cards.

Revolutionising Your Shopping Experience

Whether it is to purchase your favourite joggers or the latest gadget, a credit card allows you to manage small and big-ticket expenses seamlessly. Simply walk into a store or log on to an online marketplace, select your favourite product and swipe or enter the card details. How effortless! 

You can spend as per the credit limit approved by your issuer and repay later. If you have a large bill, you can convert the total amount into affordable monthly instalments, too. This way, you can keep from overburdening your finances. By utilising the grace period smartly and making credit card bill payments on time, you can avoid any interest from being charged as well as unnecessary late fees.

Offering Enhanced Convenience

Finding it difficult to manage wads of cash? Handling credit cards is a lot easier as they offer flexibility and convenience. A simple swipe, tap or click is all it takes to buy your favourite product anywhere and anytime. While they offer an enhanced shopping experience, you can also use credit cards during emergencies. 

Be it to pay unexpected medical bills or manage unforeseen purchases, credit cards can be a lifesaver in instances when you’re short on funds. They not only give you access to credit but also offer cash advance facilities. By utilising the credit card-to-bank transfer option, you can also get the required funds in your account. The availability and charges for this facility are based on your eligibility and issuer. 

Boosting Savings With Attractive Rewards and Discounts

Rewards programs of top credit cards allow you to earn points on certain types of transactions, on crossing spending milestones and more. These points add up, allowing you to convert them to purchase products or even pay bills. 

You can also benefit from discounts and cashback from partner retailers. Apart from these advantages of credit cards, some cards offer fuel surcharge waivers and complimentary access to airport lounges. By choosing a card strategically, you can maximise these benefits. 

Giving a Chance to Boosting Your Credit Score

One of the crucial credit card advantages of credit cards is that they have the potential to improve your credit score. Going from 300 to 900, this 3-digit numerical representation of your credit history showcases your creditworthiness. A score closer to 900 allows you to get affordable loans and credit cards with better perks. 

However, building a credit history requires you to take on credit and repay it on time. By being responsible about credit card bill payments, you can do so easily. Some credit cards also allow you to set budgets for different categories, which helps you monitor your spending. 

If you are a beginner, you can start with a secured credit card. Such cards are backed by fixed deposits (FDs), and the issuer sanctions your credit limit based on the deposit amount. By paying off bills by the due date, you can gradually build your score. 

Improving Your Cash Flow

Approaching the end of the month and experiencing a cash crunch? No need to stress. Despite being a salaried employee or a self-employed professional, you may find your account balance low due to myriad factors. Using credit cards in such instances can help boost your cash flow.

As a business owner, delayed payments or too many expenses during busy months can make it harder to sustain your needs. The best bet is to manage these expenses using a credit card. Once your cash flow improves, you can clear your credit card bill payments instantly. Another way out is to use the credit card-to-bank-transfer option, which helps you move a portion of funds from the approved credit limit to your bank account. 

As you can see, the advantages of credit cards are numerous, but to make the best of them, choose the right credit card. The One Credit Card is the right choice if you want to avoid hidden charges, pay zero joining or annual fees, and enjoy a bevy of perks. 

A card built on full-stack technology, this credit card is backed by the principles of transparency and simplicity. From earning 5X rewards on your top two spending categories to managing your budget effortlessly on its powerful mobile app, this metal credit card offers premium benefits at your fingertips. Apply now to enjoy its perks!

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