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Benefits of Credit Card – 6 Reasons To Use Credit Cards

Do you want to get your first credit card but are confused about whether it will be the right choice for you or not? If yes, you have stumbled upon the correct webpage.

Here I am going to share some of the best credit card benefits with you. So, without any further ado, let’s get started –

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Credit Card Benefits in 2022:

credit card benefits

Easy access to credit

One of the most noteworthy benefits of having credit cards is that it gives you easy access to money. Credit cards are based on a deferred payment system where you can make your purchase now and pay the exact amount later. This makes credit cards a perfect choice for situations where you have to make the payment but don’t have an adequate balance in your bank account.

This can also be considered a disadvantage as people often overspend than they should, thinking they can pay it later. Therefore, having control over your expenses is the key.

It can help you with future loans.

Credit cards give you an opportunity to build a credit line. If you have an active credit history with timely repayments and card usage, it will improve your creditworthiness. Banks and financial institutions look at it in a good way and consider it as a base.

Whenever you apply for a loan, they consider your credit history, and based on that; they decide whether your loan application should be approved or not. If you have a healthy credit history, you will have no problem taking new loans.

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EMI facility

Suppose you want to buy something so badly, but your current bank balance doesn’t allow you to do so? Well, that will be a very frustrating situation. One of the best things about credit cards is that you can use them to purchase anything and pay off the amount in the form of equated monthly installments.

Even most of the time, the interest rates of credit card EMI bills are much cheaper than personal loans. This ensures that you are not paying a lump sum amount for your purchase, denting your bank balance.

Incentives and offers

Credit cards offer different types of cashback that can vary from 1% to up to 10%, depending on the vendor you go for and the offer your credit card provides. Most of the cards nowadays offer at least one percent cashback on all the purchases you will make.

Not only that, but you will also be eligible for plenty of lucrative offers and reward points each time you use your card. These cashback or reward points can later be redeemed for paying your outstanding card dues, helping you save some money.

Many vendors like Zomato, Flipkart, Amazon, and others even offer additional discounts for selected cards. Some credit cards even allow you free accommodation, priority plus membership on top restaurants, and more.

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Record of expenses

Every time you buy something utilizing your credit card, your credit card records it and adds it to your monthly credit card statement. This can be really handy to track your total spendings and purchases, which can ultimately be used to chalk out a monthly budget or for tax purposes.


Using credit cards makes it very easier to protect you from fraud. If your credit card gets stolen and the thief uses it to withdraw money or make fraudulent transactions, all you have to do is raise a complaint to your credit card company, and they will resolve the matter. You won’t have to bear a single penny for that fraudulent transaction.

Some credit card networks like Mastercard and Visa offer zero liability coverage for unauthorized purchases. Even credit card companies also help their users with refund issues. They do this to encourage users to use cards for payments instead of cash or check.

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