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Own A Credit Card? 5 Tricks Every Credit Card Owner Must Be Aware Of!

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Many people believe that the use of credit card costs more money. Apart from this, timely payment of its bill is also a mess. This is true to some extent.

Tricks Every Credit Card Owner Must Be Aware Of credityatra

Now you’ll get to know 5 ways through which you can save a good amount by using a credit card.

1. Shopping on e-commerce portal

Shopping on e-commerce portal Tricks Every Credit Card Owner Must Be Aware Of credityatra

If you have more than one credit card, you can save more money by using it properly on the e-commerce portal. Most e-commerce companies tie-up with the credit card issuing bank and offer additional discounts.

Apart from instant cash discounts, you can avail exclusive discounts, interest free monthly installments and other such offers. If you are going to shop in sales season, then firstly check what offer is being received from which card on which site.

2. Redeem Reward Points

Redeem Reward Points Tricks Every Credit Card Owner Must Be Aware Of credityatra

If you use credit cards a lot, then you should remember things like reward points. Every credit card company has a reward program. Credit card issuing banks pay cash of Rs 0.2-0.75 for every reward point you’ve collected.

Some banks that issue credit cards also offer the facility of paying credit card bills from reward points. Some credit card customers also receive a gift or promotional coupon in exchange for a reward point.

The credit card’s reward point also expires, so take advantage of it on time.

3. Co-branded credit card

Co-branded credit card Tricks Every Credit Card Owner Must Be Aware Of credityatra

Co-branded credit cards are offered in association with a particular company. If you use a credit card for super market, air travel, filling petrol etc. then a co-branded credit card can prove to be beneficial for you.

Also read: How Many Credit Cards Should You Have? Advantages and Disadvantages of Having Multiple Credit Cards

Through this you can earn points and use them to pay bills with a co-branded partner. Many additional facilities are provided in such credit cards – for example, airport lounge access, extra discounts, additional insurance, etc.

4. Cashback Offer

Cashback Offer Tricks Every Credit Card Owner Must Be Aware Of credityatra

On most credit cards, there is always a cashback offer at the time of purchase. Although there are many terms and conditions regarding cashback. Many times cashback is offered on utility bill payment (electricity, water, phone bill).

5. Improve Credit Score

Improve Credit Score Tricks Every Credit Card Owner Must Be Aware Of credityatra

Credit score is very important for people using credit cards for the first time. It means the CIBIL score which tells about the history of repaying a person’s debt.

Credit score can be between 300 and 900. A better credit score means that the person is able to repay the loan on time. People with better credit scores get loan from the bank very easily.

Also read: Looking for Taking a Credit Card? Here’s How To Choose the Best Credit Card For You Before Choosing

To make a good credit score, you have to repay the credit/loan amount from time to time. If your credit score is good, then you do not have any problem in taking a big loan.

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