How Credit Cards Can Be Beneficial?

Growing up we all would have heard the older folks say,”Never take a credit card.” These words are so hardwired in our brain that we can spot a credit card salesperson from a mile away. Personally, I don’t feel the same way about credit cards. It can only be disadvantageous when your spending limits are beyond your repaying ability. A tunnel vision about your how much you should be spending based on your monthly income, then, a credit card is no harm. Credit card definitely scores over debit card, if you were to consider the attractive rewards and offers that comes along with it. There are several more advantages to credit cards, which will instantly want to make you own one. Let’s have a look:

Purchasing Power: The confidence that comes along by owning a credit card is certainly not something that I see in debit card holders. Literally, it gives you the feeling that you can buy anything you want (well, not everything).

EMI options: Some items are off limits as you don’t have that kind of money to buy them presently. You’ll have to wait till the time your savings are good enough to buy those products. But credit cards gives you the option to own the product right away by converting the purchase price into monthly installments.

Financial Emergency: Times when you are struggling with finances, credit card is the ray of light that offers you a sigh of relief. It offers you funds so that you don’t have to compromise on your current life standards.

Rewards and offers: Most credit cards reward you with points every time you make a purchase. These reward points can be redeemed for gifts and vouchers. Some even have overwhelming cashback offers

Which are the Best Credit Cards in India right now?

HDFC Regalia Credit Card

Out of all the best credit cards in India for food, this one is the most delightful or I must say the most delicious option.  All food enthusiasts out there will know how a Zomato Gold Membership has revolutionized their world. Zomato Gold offers 1+1 on food and 2+2 on drinks at almost all the restaurants partnered with Zomato. The annual membership package of Zomato Gold costs INR 1199, which is absolutely free with the Regalia Credit Card. This is one of the best credit cards to have a great date night and fun bar hopping experiences.

ICICI Sapphiro Credit Card

It likes to brag itself as the next level privilege credit card. The moment you join you get a taste of offers. On joining, you are welcomed with INR 10,000 voucher which can be spent on Travel and Shopping. The reward plan is very powerful, giving you the opportunity to earn 20,000 Payback points on the completion of one year. The Payback points can be redeemed for movie vouchers to travel vouchers to lifestyle products. This ICICI credit card comes with privileges such as access to international and airport lounges and to playing golf rounds. You also get 15% off on all your dining bills across partnered restaurants in India.

Axis Bank Neo Credit Card

This card is one of the best credit cards in India as it has power-packed rewards that come with minimal joining fees. If you are someone who spends considerable time on Amazon or Jabong, the Neo Credit Card is your go-to option. Avail Amazon gift voucher worth INR 250 on your first purchase with this Axis credit card. You’ll be rewarded with a voucher worth INR 500 if you check out using this credit card at Jabong. All cinema lovers can avail discount on movie tickets with the BookMyShow gift voucher worth INR 200. It also brags of its 10% cashback on mobile recharges and online shopping. To add more to its glory, it provides you with 15% off on dining at a partner restaurants.