New Delhi (India), June 10: If you look at the daily expenses of an average individual, they often cover groceries, utilities, clothing, gas, dining out, and personal care. Through credit cards, you can manage all these expenses easily and effectively. But how do you use credit cards smartly to boost your savings instead of just increasing your spending?
Saving money with your credit card doesn't mean you cut back on things you enjoy. It is all about practising prudent spending habits and leveraging the benefits of credit cards. Let’s learn how to leverage your credit card so that your transactions aren’t just expenses but also contribute to investments in your financial future.
1. Choose a credit card that supports UPI transactions
Choosing a UPI-enabled credit card, like the IndusInd Bank Platinum RuPay Credit Card, ensures you do not miss any opportunity to earn reward points, even on day-to-day transactions. With this credit card, you earn 2 reward points on every ₹100 transaction done through UPI and 1 reward point for every ₹100 on non-UPI transactions.
Thus, the IndusInd Bank Platinum RuPay Credit Card helps you make every purchase within seconds while letting you collect rewards effortlessly. Isn’t this a great way to save on daily expenses and boost your financial health?
You can click on this link to apply for a credit card online with a 100% digital process with IndusInd Bank today!
2. Use rewards in a responsible manner
Many banks offer rewards for every payment through credit card transactions. You can extract more value from these points by understanding their redemption value.
Check out the redemption options available. These can include travel bookings, gift items, e-vouchers, discounts at popular retailers, or exclusive memberships, and opt for the method that offers the best conversion rate. Credit card reward points usually expire after some time. So, plan redemptions wisely to avoid missing out on redemption benefits.
3. Pay all bills on time and set up automatic payments
Use your credit card for all daily purchases and pay the bill in full each month. Set up automatic payments to pay utility bills, phone bills, and other recurring expenses on time through your credit card. This way, you collect reward points without incurring interest.
Redeem these points on options you find fit and reduce your out-of-pocket expenses on future purchases. So why wait? Click on this "credit card apply online" option now and optimise your savings.
4. Capitalise on special deals and offers
Check credit card offers from time to time. Banks often partner with retailers and service providers to offer unique deals, such as discounts, cashback, or EMI options at reduced interest rates. This is particularly evident during festivals and holidays. These deals can lead to huge savings on large purchases or routine expenses.
More tips on how to use credit cards to save more
Here are additional tips on how to leverage your credit card to save more on your daily expenses:
Use banking apps |
Link your credit card to your mobile banking app for faster payments and to benefit from rewards available only for mobile-based transactions. |
Pay insurance premiums |
Pay your insurance premiums with your credit card to earn points, rewards, or cashback, depending on the card. |
Plan big purchases wisely |
Plan large purchases during promotional periods and use your card to obtain discounts or make purchases at low or no-cost EMIs. |
Leverage dining discounts |
Use the IndusInd EazyDiner Credit Card by IndusInd Bank to earn extra reward points and discounts on restaurant bills. |
Check for partner merchants |
Check if your credit card has partnerships with merchants or brands where you can get more rewards. |
Capitalise on fuel rewards |
Use credit cards that offer fuel rewards or cashback on fuel purchases to save on daily gas expenses. |
Key takeaways
When used responsibly, credit cards can reduce everyday expenses. So, understand the benefits different credit cards offers and see if those benefits align with your spending to choose the best credit card online. Also, always use dining, entertainment discounts, and fuel surcharge waivers to your advantage.
This way, you can unlock significant savings opportunities while conveniently managing your routine purchases.
