Sure, Credit Cards are generally used to make purchases and take care of expenses, but did you know certain Credit Cards can actually help you save money? Read on to know more!
Credit Cards sometimes get a bad rap since many people tend to think they’re akin to the devil’s visiting card. In other words, it’s almost like you’re selling your soul in exchange for access to the wonderful world of spending, shopping and all things opulent.
While it’s true that Credit Cards can open you up to a whole new universe as far as spending power is concerned, but if they aren’t handled with care, then they could open you up to a world of crippling debt.
Additional Reading: The Best Credit Card For Each Income Group
However, all doom and gloom aside, we’re here to tell you that there are certain types of Credit Cards out there that can actually save you money. No, we aren’t yanking your chain. We’re dead serious! If this piqued your interest, then come right this way and prepare to be amazed:
How can shopping Credit Cards save you money when all you do with them is shop, shop, shop? We’re glad you asked. Shopping Credit Cards are fast gaining in popularity among various age groups in India, thanks to the vast range of benefits they offer ardent shoppers.
If there’s one thing we Indians love to do, it’s shop. Regardless of whether there’s an eventful occasion on the horizon, a massive sale, or just for the heck of it, shopping is in our blood. However, a shopping Credit Card can turn even a mundane shopping experience into a beneficial one.
Shopping and cashback Credit Cards offer multiple rewards in the form of cashback, discounts, gift vouchers, annual fee reversals and so much more. In other words, the more you use your card on spends related to clothing, accessories, etc., the more you tend to save. If that doesn’t sound enticing, we don’t know what does.
Additional Reading: 10 Frugal Ways To Save Money On Festive Shopping
Fuel Credit Cards, as the name implies, can help you save on fuel if you happen to get around a lot using your own vehicle. We all know fuel costs seem to be constantly on the rise and filling a tank of gas regularly can certainly eat into our income.
However, with a fuel Credit Card, you can certainly make the most of this situation. Not only does a fuel Credit Card help you lower your fuel expenditure, it also comes with many other benefits that can help you save more.
Depending on the card you choose, you can get great dining offers, movie ticket offers, cashback and much more. All you have to do is get onto the fuel Credit Card bandwagon and navigate those financial potholes with ease.
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With more and more Indians travelling all over the world to satiate their wanderlust, getting a travel Credit Card should be a top priority if you’re looking to save money on your excursions both within India and abroad.
As you may have already guessed, travel Credit Cards offer fantastic discounts on flight tickets and hotel bookings as well as other amazing benefits like complimentary domestic and international airport lounge access, exclusive vouchers on selected brands, Frequent Flyer memberships and the opportunity to redeem Airmiles earned on your card.
In short, with a travel Credit Card, the sky is literally the limit.
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We hope we’ve put paid to your apprehensions about whether a Credit Card can save you money. If we’ve managed to convince you, then there’s no better time than now to get yourself one of these cards and revel in a deluge of benefits.