• Latest
Features Of A Credit Card

7 Not-So-Common Features Of A Credit Card That Might Take You Aback

April 7, 2021
Business Credit Card

How to Get a Business Credit Card?

May 22, 2023
Revenue And Profit Boosting Tips

4 Revenue And Profit Boosting Tips In 2023

May 18, 2023
Garden Features

5 Garden Features That Can Increase The Appeal of Your Home

May 18, 2023
Business Credit Cards

7 Best Business Credit Cards for Startups

May 18, 2023
Call-to-Action

How to Write a Call-to-Action That Resonates With Your Audience

May 17, 2023
Tips for High School Graduates

Important Tips for High School Graduates Wanting to Go to College

May 17, 2023
Business

What You Need to Take Your Business to an International Level

May 16, 2023
Canless Air System

Canless Air System Transforms The Way You Clean with its Cordless and Rechargeable Electric Air Duster

May 15, 2023
Metaverse

5 Proven Strategies for Earning Money in the Metaverse

May 15, 2023
sell Furniture

5 Online Platforms to Sell Your Furniture Quickly and Easily

May 12, 2023
Highest Paying Fields in Law

The Top 5 Highest Paying Fields in Law

May 8, 2023
Lead Generation

Top Proven Lead Generation Techniques

May 5, 2023
  • About Us
  • Contact Us
  • Write for Us
  • Privacy Policy
Tuesday, June 6, 2023
Business2News
  • News
  • Business
    • Small Business
    • Global Business
    • Entrepreneur
  • Finance
  • Technology
    • Digital Marketing
    • Social Media Marketing
    • Tech Brands
    • Gadgets
    • Gaming
    • Reviews
  • Health
  • Fashion
  • Traveling
  • Education & Job
  • More
    • Cars & Bikes
    • Sports
    • DIY Home
    • Entertainment
    • Food
No Result
View All Result
  • News
  • Business
    • Small Business
    • Global Business
    • Entrepreneur
  • Finance
  • Technology
    • Digital Marketing
    • Social Media Marketing
    • Tech Brands
    • Gadgets
    • Gaming
    • Reviews
  • Health
  • Fashion
  • Traveling
  • Education & Job
  • More
    • Cars & Bikes
    • Sports
    • DIY Home
    • Entertainment
    • Food
No Result
View All Result
Business2News
No Result
View All Result
Home Finance

7 Not-So-Common Features Of A Credit Card That Might Take You Aback

Rajhu S Goraai by Rajhu S Goraai
April 7, 2021
in Finance
0
Features Of A Credit Card

Credit cards can be a boon or a bane according to the usage habits of a person. Some cautionary mindsets advise you to refrain from using credit cards; however, a credit card can be handy, notably towards the end of the month when your salary account plummets.

Most people fail to realize that credit cards are not merely a source of emergency cash but also offer several features and benefits that can be rewarding and help cover extra expenditures.

Table of Contents

  • Seven Unique Features of a Credit Card
    • Enjoy Exclusive Offers and Discounts
    • Access To Customised Benefits
    • Reversing Fraudulent Transactions
    • Enhance Your Credit Score
    • Perks Like Priority Airport Check-ins, Free Lounge Access, and More
    • Traveling Abroad
    • Credit Card Insurance
  • Final Words

Seven Unique Features of a Credit Card

Besides offering several unique benefits, credit cards can also help you save money by using credit card machine for small business. Here are seven uncommon features of a credit card that might sound unfamiliar to you but can benefit you in the long run.

Enjoy Exclusive Offers and Discounts

For the EMI-dependent generation, credit cards have become more of a necessity than a luxury. While all credit cards offer EMI facilities, some also provide special discounts, rewards, as-well-as exclusive members-only access.

For instance, with specific credit cards, customers can also receive complimentary memberships and subscriptions for certain brands.

With card-specific offers, as well as multiple cashback schemes, purchasing commodities with a credit card can help you save money.

Besides, perks such as enhanced Air Miles and quality rewards make flashing a credit card a wise move and more reasonable than transacting with a Debit Card.

Access To Customised Benefits

Certain credit card providers in the market provide you with multiple card options so you can pick one that complies with your lifestyle. For instance, if you travel by air a lot, book hotels regularly, or shop online often, you can opt for a specific credit card from a lending firm that provides deals in these sectors.

Certain credit cards also provide airport lounge access for domestic as-well-as international flights besides redeeming your Reward Points for free flights or hotel bookings.

When you pick a card that recognizes and complies with your lifestyle, you receive better benefits and even superior opportunities to save money.

Consider installing a credit line app that helps you with an extra income of up to INR 5,00,000 and provides flexible EMI options.

Reversing Fraudulent Transactions

Unlike credit cards, a debit card lets you transact funds already stashed in your bank account. If a debit card theft or forgery were to happen, your money gets instantly debited from your account. Retrieving the lost money can be an enormous challenge.

On the other hand, if you fall victim to a credit card-related fraud, all you need to do is notify your bank, and it immediately kills any pending transactions and blocks your card. Most credit card lending firms resolve the issue at their end, so you do not have to compensate for the fraudulent transaction.

Enhance Your Credit Score

Sustaining a decent credit score is a financial obligation as it influences your eligibility to apply for loans and other finances. Debit cards do not get factored in when evaluating your credit score, unlike a credit card.

You can raise your credit score by swiping a credit card and settling your dues on time. This perk can be beneficial if you wish to apply for a loan or credit card for people with bad credit in the future.

Also, in case of loss or fraud concerning your debit card, your scheduled payments, including EMIs, loan repayments, or any other form of settlements, might get affected as it can take some time for the bank to transfer back the money into your account. This process can further damage your credit score.

Perks Like Priority Airport Check-ins, Free Lounge Access, and More

Premium credit cards offer a ton of advantages every time you transact with them. For instance, you can receive a priority check-in without waiting in long queues at the airport and avail of airport lounges with no fees. However, you must note that such benefits vary from card to card.

You also get access to complimentary Lounge Access, which can help you layover hours of waiting at the airport.

With premium lounge access, you receive a luxurious environment to give a break to your mind, enjoy complimentary snacks, a quick shower, and more. You can enjoy perks like these without paying a dime if you own a premium credit card that offers Lounge Access.

Traveling Abroad

With premium credit cards, you do not have to waste your cash while converting your currency from INR to the country’s currency to which you are traveling.

You can use your credit card across the world, and foreign currency markup charges are typically 3.5% + Service Tax which is a relatively lesser amount and even as low as 2% on some of the premium credit cards.

Besides, you also receive reward points, or cashback on each purchase made, making it an ideal choice to pay while traveling abroad. You no longer have to worry about carrying cash if you own one of those selected credit cards with such offers.

Look for an online lending app that aids individuals financially via small loans and credit requirements.

Credit Card Insurance

Credit card insurance pays out your overdue balance (subject to any limits in the agreement) or creates monthly payments on your behalf to your credit card lender if your wages get disrupted by unprecedented events.

Credit card Insurance can alleviate the burden of carrying out payments to your credit card lender and helps preserve your decent credit rating.

While the benefits of credit card insurance vary from one lender to the other, the typical benefits include coverage for disability, job loss, critical illness, and accidental death or dismemberment.

You can also enjoy certain plans altered for specific client segments, such as college-going children and spouses of the primary sanctioned cardholder.

The benefit value also differs by credit card, such as certain firms paying the minimum monthly payments on your credit card if you no longer have a job or get disabled. Some lending firms even pay out the entire credit card dues if you get diagnosed with a critical illness.

Final Words

Owning a credit card requires a significant amount of discipline and rational usage, and you might have to keep a check on the spendthrift version of yourself. However, if you can successfully practice self-control, a credit card gives you several benefits that a debit card or a wallet fails to deliver.

Latest Posts:-

  • Tech Takeover: Why Some Restaurants Swear by Robot Waiters
  • Save Money with These Top No Annual Fee Business Credit Cards
  • What is Contractor’s Tools & Equipment Coverage?
  • Profitable Business Ideas You Can Start with $10,000
  • 6 Reasons Why Travel Nursing Could Be Your Dream Career
Tags: Features Of A Credit Card
No Result
View All Result

Most Popular

Girl with Dimples

10 Reasons Why You Should Marry a Girl with Dimples

February 11, 2023
p2p4u

Top 12 Best p2p4u Alternatives sites to Watch Online Sports for free in HD Quality

February 23, 2023
Children’s Education

Dr Lola Tillyaeva’s charitable work in Uzbekistan showcases the importance of philanthropy for children’s education and healthcare in Central Asia post-Covid

March 31, 2022
Top Cartoons of the 50s and 70s

Top 9 Cartoons of the 50s and 70s – Famous Cartoons

February 22, 2023
scph7502

scph7502.bin Bios Files the Best Bios Files Nowadays

March 1, 2023
HDonline and Its Alternatives

Top 24 Websites Like HDonline and Its Alternatives 2023

February 23, 2023
Load More

Navigate Site

  • About Us
  • Contact Us
  • Write for Us
  • Privacy Policy

Brilliantly

SAFE!

business2news.com

Content & Links

Verified by Sur.ly

2022
No Result
View All Result
  • News
  • Business
    • Small Business
    • Global Business
    • Entrepreneur
  • Finance
  • Technology
    • Digital Marketing
    • Social Media Marketing
    • Tech Brands
    • Gadgets
    • Gaming
    • Reviews
  • Health
  • Fashion
  • Traveling
  • Education & Job
  • More
    • Cars & Bikes
    • Sports
    • DIY Home
    • Entertainment
    • Food

© 2021- Business2news.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT