What Are Credit Card Features And Benefits in India?

Almost everyone today has a bit of rectangular plastic in their wallets or purses. That’s the Credit Card and the Debit Card. A few years ago, hardly anyone had a Credit Card. Today, nobody thinks twice about paying for their purchases with a card. It’s not uncommon for people to have several cards. It’s not hard to figure out why. The Credit Card benefits are too great to ignore. Plus, with more banks offering them, the process has become more straightforward, and there is a vast variety of options to suit every lifestyle and spending tendency.

Here’s a list of key Credit Card benefits:​​​​​​​

1. Flexible

Whether booking a car ride or a movie ticket, purchasing expensive gadgets or a cool fashion accessory, shopping online or at a neighbourhood store, recharging your mobile or settling the utility bill, a Credit Card is one of the most convenient payment methods.

2. Convenience

Why carry wads of cash around when you can pay with a simple card swipe? A Credit Card is one of the simplest ways to pay for anything – no more counting out change or writing cheques; just present the plastic! You can even link your card to your digital wallet, which allows you to scan and pay without carrying your card in your wallet. 

3. Recurring payments

While Credit Cards are great for one-time payments, you can also set it up to automatically make recurring payments such as your phone, electricity or gas bills. No more will there be a chance of forgetting to pay bills on time and facing penalties or disconnection.

4. Recharges and tickets

One of the biggest Credit Card benefits over cash is the ability to pay for a wider range of online services. For example, you can’t buy flight tickets or recharge your mobile phone with cash on delivery. You can easily pay for them through a Credit Card.

5. Interest-free credit

A Credit Card comes with a grace period between purchase and payment (up to 50 days), during which the bank does not charge any interest. This is a perfect example of buy now and pay later. 

6. Rewards

Every time you pay using an HDFC Bank Credit Card, you earn Rewards. You can redeem these rewards for exciting gifts and vouchers, such as free shopping trips or even free flight tickets. 

7. Cashback and discounts

From fuel surcharge waivers to great online shopping deals, your HDFC Bank Credit Card opens the doors to a host of cashback offers and Reward Points, especially with selected offline and online merchants.

8. Travel in style

The HDFC Bank Credit Card makes travel a more pleasant experience with free access to exclusive airport lounges, priority check-in and boarding, extra luggage allowance, etc. 

9. Expense tracker

Credit Card statements are a great way to track your monthly expenses since they provide an itemised account of your expenditures.

10. Safer

One of the benefits of a Credit Card in India is that it’s much safer than carrying large amounts of cash around. You don’t have to worry about dropping the money somewhere or having your pocket picked. If you lose the card, you can get a replacement after you notify your bank.

11. Credit score

Most people are unaware of this, but a Credit Card benefits your credit score. Credit information companies give credit scores to individuals depending on how prompt they have been in their payments. Using a Credit Card and repaying on time boosts your credit score. A good credit score means you can obtain loans and Credit Cards quickly in the future. It’s one of the Credit Card benefits cash or cheques cannot offer!