Maximising Rewards and Benefits with Using Credit Cards

The credit cards entered India in the 1980s, but it was the turn of the century that saw the rise in their demand. The reasons are apparent but most importantly, it increases the purchasing power of an individual, making them financially free. Not only this, they offer exciting rewards and cashback on each transaction. With credit cards, you can maximise its benefits and enjoy the rewards without any worry. So, it is essential to understand how to increase the rewards to experience the perks of a credit card.

What is a credit card?

A credit card is a financial instrument issued by a bank that gives a set limit to make cashless transactions. It enables its holder to borrow money to pay for products and services instantly and repay the same within 30-45 days of the interest-free period. A credit card can offer you many more benefits if you use it carefully and utilising it correctly entails more than just making on-time, complete payments on your debts. Here are some tips on how to maximise the perks on your card to assist you in understanding how to use it to its fullest potential.

Ways to maximise rewards and benefits by using credit cards 

  • Choose the right credit card 
The first step towards maximising the rewards is to choose the right credit card. This, however, does not imply that a card issued by a specific bank is superior to the other, and it means that the credit card you ultimately select should fit your spending style. This is the greatest method for accumulating the most reward points and cashback. For instance, if you spend more on online shopping, then it is beneficial to go with a credit card offers cashback on each transaction you make, both online and offline. Therefore, choose a credit card that allows you to earn the maximum rewards.
  • Use the credit card regularly
It is of no use to have a credit card if you rarely use them. You should use your credit card often and preferably for most of your purchases to get the most out of your credit card. This means that you should use your card not only for occasional transactions but also for paying grocery orders, online subscriptions, utility bills, etc. This allows you to profit in two ways. First, every transaction increases your chances of earning reward points, air miles or cashback. Secondly, as you spend and repay properly, it will reflect positively on your credit profile, increasing your credit score.
  • Make use of your reward points
Expiring points are like leaving money on the table. If you don’t use your reward points, there’s no point in accumulating them. Always keep an eye on your total score and qualifications. However, be careful how you use your points. Selecting the desired products and coupons from the credit card benefits is beneficial. Once done, collect enough points to redeem things. Transferring points to participating hotel loyalty programs or airline frequent flyer programs is also a smart way to redeem your points. This way, you can use your points to get free or discounted flights if you want.
  • Utilise the benefits
Credit cards have a lot more benefits than just the perks you get every time you use them. These benefits include everything from free airport lounge access to free dinners at fine dining restaurants, depending on your card type. Each perk has some requirements that must be met before it can be applied, but most are easy to meet. Even if you have to spend a minimum amount on qualifying for these bonuses, you will find that the benefits far outweigh the costs. As a general rule, read the terms and conditions of your card to determine the features offered. Also Read: Tips to Earn Travel Reward Points with Zen Signature Credit Card


These are a few ways to maximise your credit card benefits and rewards. However, these are just not the only ways. In order to get the best offers and benefits, make sure to use your card and get familiar with its features. In this regard, you must also repay the credit card bill payment diligently. This is because even missing out on a simple payment will negatively affect your credit score and reduce the chances of future credit approvals.


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