What are the Hidden Benefits of Credit Cards?

Purchasing a credit card without knowing its hidden benefits can be a drawback for some, but with these, you can save both time and money, and get a credit card tailored to your needs, whether you want to save on travel, fuel, shopping, or many other expenses.

Here are the hyphen benefits through which you can save on a credit card:

Saving options of Credit card

Rewards and cashbacks

• Many people earn points when they swipe, but forget to redeem them
• You can convert points into online shopping or booking travel flight tickets
• Some cards offer rewards accelerated in travel, dining, and fuel. Check what category you are in 

Travel perks of Credit card

Access to lounges

• Many credit card gives free lounge access 
• Many cards automatically cover flight delay, baggage loss, or medical emergency if you have booked your tickets through those credit cards.
• If you are booking a hotel and using a credit card, many popular hotel apps give you instant huge discounts.

Emergency Aid of Credit card

Cash advance facility 

• You can withdraw money from a credit card at the time of emergency 
• If you are purchasing a high-value item, most banks allow it to become an EMI
• If you lost your credit card abroad bank gives you a replacement card, sometimes within 48 hours.

Interest-free period of Credit card

No interest

• If you pay the full amount before the due date, you can enjoy this benefit 
• Many cards cover accidental insurance, travel insurance, and many more
• Through some credit cards, you can pay rent and electricity bills.

Security and convenience of Credit card

Virtual cards

• Instead of using your actual card, you can use a virtual credit card for the transactions
• It will still be safe if the website gets hacked
• If your credit card gets misplaced, just lock it no need to block and unlock it when you find your credit card.

Partner discounts of Credit card

Exclusive Discounts

• Most of the time, hidden offers are with the movie tickets, dining, and flight tickets.
• You can get Buy 1 get 1 tickets on multiple credit cards
• Clothing brands, Swiggy, Zomato, and other brands tie up with other banks for exclusive discounts.

Final words

Getting the credit card is the last thing, but checking what benefits you are getting must be done first. So, you don’t miss any cashback or rewards. A credit card is not just a card, but it can be a way to help you financially and in saving at times of emergency. Choose a card that fits your needs and budget