All You Need to Know About Perks and Benefits of Using a Credit Card

A credit card is a slim rectangular metal or plastic card that allows you to borrow credit for making payments, and it proves to be a great tool to boost your financial health. By understanding the numerous advantages of using a credit card, you can maximise its potential to your benefit. 

Each credit card offers distinct features and benefits tailored to different user needs. When you receive your credit card, you’ll notice several important details that make it unique to you. Here are some aspects that make credit cards unique:

• Name of the Cardholder
• Card Number
• Card Expiration Date
• CVV Number
• Issuer Logo
• EMV Chip
• Magnetic Strip

These features ensure that your card is secure, and designed for your use. Before you start using your card, understand the uses and advantages of having a credit card.

Uses of a Credit Card 

Many banks and non-banking financial companies issue credit cards to give their users credit facilities. Credit cards offer various payment methods, such as paying bills online, via mobile apps, or at their branch. The functions of a credit card are listed here:

• Allows you to make new purchases comfortably
• Helps you to buy items using the EMI option, allowing you to manage larger expenses easily
• Provides flexibility in payments
• Offers various rewards and benefits
• Enhances your overall financial experience

Benefits Associated with Credit Cards 

There are numerous benefits attached to credit card usage. You can go cashless with credit cards, as you need to make payments with a swipe. This ensures a seamless process, including setting up reminders for recurring payments such as:

• Electricity bills
• Rental payments
• Phone bills and more

Here are additional features that make credit cards an excellent choice for managing your finances:

Interest-free credit	A credit card comes with an interest-free period, which could be up to 50 days between purchase and payment  This is how you ‘buy now and pay later’ without having to pay for the product immediately
Rewards, Cashback and Discounts	Earn points, cashback, or miles on everyday purchases  Redeem them for exciting gifts or vouchers, to pay bills or for booking flights and more
Expense Tracker	Monitor your budget and spending habits by receiving detailed statements  Tracking your expenses can help you avoid potential debt
Convenient Tool	Enjoy the ease of managing payments from the comfort of your home Book your ticket or recharge your mobile phone easily with a credit card, ensuring immediate access to your purchases
Credit Sore	Repay your bills on time to boost your credit score A good credit score allows you to obtain loans quickly in the future
Travel Benefits	Some cards offer miles and rewards on travel-related purchases Enjoy a pleasant travel experience with airport lounge access, concierge services

Maximise Your Credit Card to your Advantage

Keeping the benefits in mind, plan strategically and make a plan to utilise your credit card in the best way possible. Here are additional services provided by credit cards that can enhance your experience:

Purchase Protection	A credit card is a safer option due to its purchase protection features Many credit cards offer reimbursement or replacement options in case you receive a damaged product or if the item is stolen
Extended Warranties	Some credit cards extend the manufacturer’s warranty on eligible purchases  The extended warranty provides extra coverage for repairs or replacements
Fraud Protection	Credit cards usually have a robust fraud detection system  If unauthorised charges appear on your account, you can dispute them without being held liable
Travel Insurance	For frequent travellers, this feature proves to be very useful  Many credit cards include travel insurance benefits, covering accidents, trip cancellations, and lost luggage
Cash Availability	Credit cards prove to be a valuable asset for managing business expenses, helping you maintain operations even when you’re low on funds Having access to a credit limit proves to be an asset during medical emergencies or unforeseen circumstances
Customer Care Assistance	Most credit card issuers provide valuable support if you have lost your credit card or notice any suspicious activity on your account  Having access to 24/7 customer care ensures that you can manage your credit card effectively and address any issues promptly

You can apply for credit card add on card for your children, spouse, or even your parents. The benefits and features of the add-on card are same as that of the primary credit card and you can usually have between three and five add-on cards.

With the convenience of buying now and paying later, you can explore a world full of benefits and access it all according to your financial standing. If you are looking for instant approval, the One Credit Card is a fantastic option. With it you can earn up to 5X reward points on your top two spending categories each month. 

Not only does it have zero annual and joining fees, but it also gives you lucrative offers on electronics, grocery shopping, travel, food, and more. Using the full-stack One Credit Card App, you can track expenses easily and also check offers near you with GPS. Apply now and enjoy this lifetime free credit card.