Top 4 Best ways to make most of the Credit Card in 2023
.png "Top 4 Best ways to make most of the credit card in 2023")
Credit cards has been essential part of lifestyle. For bill payments,buy gadgets, credit cards has been more affordable and convenient to use in process of purchase.
So make the most of the credit cards by these ways.
Smart way to use credit card
Just through spending with credit card does not mean we can make most of the credit card .Check these ways to maximize earning facility too by credit card.
- No- cost EMI
Lenders offer no-cost EMI with partnership various merchants.This process helps in interest and loan term and compared to other loans hassle -free.However some credit cards charge fee on processing
- Offers and discounts
Check on offer and discount ads offered by card issuers during festive seasons getting vast offers on digital goods ,shopping at e commerce and travel.
- Rewards and redeem the rewards
Find rewards and redeem them for purchase products or use as cash back. Targeting different users many lenders provide cards which is different too.Similarly card optimized for travelling will not earn rewards for grocery . All-in-one card are also available to choose Such as One card rewarded for all in a single card
2)Single source of payments
Paying our monthly expenses with our card,it is easy to keep a list on monthly expenses.One card credit cards also provide in-app visual analysis of spending helping to maintain finance personally better than against payments modes cash UPI ,debit card.Credit card usage helps to manage enough cash in bank account at emergencies as we pay once in life cycle.
3) Rules of using credit cards
Individuals who know to play well the rules of credit cards benefits the most. check these rules to follow for maximize benefits from credit card.
- Interest free Credit period -
Most credit cards provide to their customers interest --free period around 40-45 days . Ensure to pay back dues fully in the credit period ending and not carry dues next month so in order avoid pay higher interest rates.
- Track of credit utilization ratio
Ratio of total credit utilized to total credit limit is the credit utilization ratio ,across all credit cards. this determines the credit score and the lower the better from financial point of view.
- Financial discipline
Overspending can be avoided maintaining financial discipline ,improving present affordability. Buying high cost products ,look out no-cost EMI ,if your not able to pay in full . Always pay the bills before due date in full or minimum due amount
4) Analyse the spending
Always Track the spending using app for credit card. Monthly statements are provided by banks .One card gives us deep analysis and easily understanding on spending with check credit score periodically making sure not going track off in journey of credit. Use of free sources like one card on credit score information and improve .
5) New credit card by technology
Most lenders provide discounts ,rewards etc. so no need to distinguish among the options on the typical credit cards. Cards supporting technology ,no calls required for customer support
.png&description=Top 4 Best ways to make most of the Credit Card in 2023){kind=link}
0 Comments