Smart Way To Use best Credit Card and Earn More

Credit cards can be a good, convenient and safe alternative instead of using a cash or debit card to make shopping ,paying the bills for utility, business services, paying Insurance, loans against credit card.   

As well as credit card can be dangerous if not used with the properly.

What are the advantages 

• It can be useful to help you manage finance and make your credit history
• It has facility to protect against the fraud and purchase protection
• It will easily blocked and can be replaced 
• Earn the rewards while using the card
• Joining offers
• Promotional offers
• Flat discount credit card 
• Effective tool to build the credit history

About this Blog: This blog will give you insight of how to use the credit card effectively and best card in this year 2020

Credit card are easy to avail the credit that will help in the emergency situations and its also worst when you addicted to use up all credit limit. Here are some tips to help you make and use your credit card effectively.

Pay your bill full in every month 

If you dont want the credit then always stay away from the credit cards. Means purchase the things which are necessary. Manage your card and make sure that at least pay your bills before 3 days of due date. 

By paying he full bill in every month will create positive impact on the credit card score. For big amounts id not possible then convert it in the smart EMI.

Avoid the late fee and penalty 

Always avoid the late fee by paying the min bill amount or full amount. Sometimes skipping of the credit card bill payment make your credit score more worst and life time it will get impacted.

Always set a reminder on the phone or calendar note on mail a few days before to pay the bill. Avail the online facility of the automatic bill payment from bank account by adding the standing instructions. 

Dont withdraw the cash from ATM unless its necessary

Bankers always charge the higher interest on the ATM cash withdrawal, check the terms and conditions before doing the transaction. 

Earn the rewards and take advantage of your rewards

The best and effective way of to use the credit card is earning the rewards points every month. Try it to use the maximum credit card for monthly bills like telephone, DTH, recharges, electricity bill pay etc. Check the different credit cards for the maximum benefits. Dont redeem the rewards frequently, try it to accumulate and spend accordingly.  

Finance a purchase ( Smart EMI)

Convert the big purchases into small EMI. Check the ROI before going for this option. Always check the NO COST EMI option for the EMI option and get the maximum benefits. In case of liquid fund requirements always use the EMI option.  

Use it for no interest EMI offers

As explained in the above section, use the smart EMI offers to convert big purchases in the NO COST EMI. Max offer for this till 6 months 

Track the credit cards with the online

Always track the credit card with the online. Keep one or two dates for paying the bills. Dont miss the payments or use the auto debt options for paying the bills. Skipping the payment on time affect on the credit history. Download CRED app for paying bill on the time.

Dont apply for the multiple credit cards

Always apply for the credit cards if its suits for you needs or else whenever you apply for credit cards, bankers always check the credit score and checking of the credit score frequently affect the credit score badly.

Know your limits

Always check the limit of the credit card, dont over spend . This will also affect on the credit history and your credit score will get reduce. Always keep you credit score more than 800.

Choose the card with the extra perks

The best usage of the credit card is choosing it with the higher benefits like flat cashback, min discounts etc. 

Lookout for free lifetime card offers

If you are applying for the credit card first time then always go for the free lifetime card offers to get away from the annual fees.

Always check for the best credit card before booking the hotels, flight/airfare, vacation and trips.

Here is the some credit card with the details

1. Amazon pay ICICI credit card : Need to apply thru the Amazon app.

Annual Fee : Nil

Benifits : 

_5% cashback in amazon.in for prime members

_3% cashback in amazon.in for non prime members

_2% cashback when paying to merchants using this card

_1% cashback on all other payments

_lots of offer on the amazon on this card

Note: To get this credit card application first you need the any one of ICICI bank credit card

2. ICICI Instant Platinum card

If you are saving account holder of the ICICI then you can easily apply for this card 

Annual fees : 199/- ( get waiver if sped is more than 2k within 2 months) 

Benefits: 

_100 INR off on movie tickets twice on month with Book my show

_1% fuel surcharge for 4000/- transition on HPCL pumps 

_1 payback on utilities for 100INR and 2 payback point for every 100 INR ( 1 payback = 0.25 paisa)

3. ICICI Bank HPCL Coral Credit Card

Best for the fuel,cashback and savings

Benefits: 

_2 Payback points on every 100INR in retail purchases other than fuel

_Get 2.5% cashback and 1% saving of fuel surcharge at HPCL pumps

_25% discount on the movie ticket booking till 100 INR on book my show

Joining fee : 199/- Annual fee ( first year) : NIL , 2nd year 199+

3.Citibank IOC Fuel Credit Card

Earn turbo points while paying using this card at Indian Oil

Annual Fees: 1000/- INR ( weived off when you spend 30000 per year)

Benefits:

_4 turbo points on 150+/- spend in Indian oil pumps

_2 turbo points on spending in suparbazzar

_1% fuel surcharge weiver

_1 Turbo points on spending 150/- anywhere

4. Citi Bank Cashback Credit Card

Best card to earn cashback

Annual fee: 500/-

Benefits:

_5% cashback on movie tickets, telephone bills and utility payments

_0.5% cashback on all other spending 

5. HDFC Moneyback Credit Card

This credit card is very basic card by HDFC who applying first time.

Annual or joining  fees : NIL

Benefits:

_4 rewards points per 150 INR for online shopping

_2 rewards points for 150 INR for other spends

_1% fuel surcharge weived off ( 400+ spending only)

_Rewards will be converted into the credit 

6.Axis Buzz credit card

Specially for the flip kart shopping and worth for the offers on the flip kart.

Annual fees : 750/-

Benefits:

_10% instant discount on flip kart till 5th of every month 

_5% discount on flip kart from 6 to 31st date

_2 axis eDGE rewards on every 200INR

_6 axis eDGE rewards on online shop

I hope this blog will be helpful to use your credit card smartly.

Dont overspend and dont cross the limit. Read my other blogs as well for the investment and money +. Write your feedback and suggestion in the comment box.