Hidden Benefits of Credit Cards: What Most People Don't Know About..

In the past, when people lacked cash, shopping was often hindered. But credit cards have changed this. Today, over 100 million people in India use credit cards, and this number is growing rapidly every year. However, many users are unaware of the unique benefits their cards offer.

Save Interest with Balance Transfer
If you have multiple credit cards and are unable to pay one on time, you can transfer the balance to another. Many cards offer lower interest rates, which can reduce the burden of additional interest. However, keep in mind that this feature also incurs a nominal fee. However, if used wisely, it can be a relief to your wallet.

Fuel Discounts and Family Add-On Cards
Using a credit card is beneficial not only for shopping but also for refilling petrol and diesel. Many cards offer a fuel surcharge discount of up to 1%, which can prove to be a significant savings in the long run. Additionally, card users can also avail themselves of free add-on cards for their families. These cards have the same credit limit as the primary card, providing spending freedom for the entire family.

Easy Shopping with No-Cost EMIs
If you're looking to purchase an expensive gadget, electronics, or furniture, you can take advantage of no-cost EMIs with your credit card. This means you don't have to pay interest. This way, even large purchases don't become a burden on your pocket, and you can easily spread the payment over several months. A credit card isn't just a means of borrowing; it can be a powerful financial tool when used wisely. It's important to understand its benefits and make timely payments to ensure you can manage your spending and maintain your savings.

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.