Looking at making a spur-of-the-moment purchase but don’t have the cash? Credit card to the rescue! Instead of having to lug around stacks of cash or scurrying back home if you want to make an unplanned purchase, you can now just swipe a little slip of plastic. Whether it’s a pick-me-up after work or a bonanza of a shopping spree, you can charge al your purchases, big or small on your card and repay it at your leisure.
To make your credit card even more rewarding, credit card companies also offer a loyalty and rewards, so the more you spend, the more you earn.
Credit card rewards come with a whole range of attractive deals and offers, from discounts on dining to shopping offers.
Banks now have dedicated rewards credit cards that have higher rewards points and more offers attached to them, enabling you to earn points or discounts every time you charge a purchase to your card.
A travel rewards credit card offers cardholders discounts as well as deals on domestic or international travel in the form of lower airfares, complimentary hotel stays, access to lounges at a number of airports. Examples of Travel Rewards Credit Cards are given below:
Citi Bank PremierMiles Credit card provides you with air miles corresponding to the amount spent using the card, as well as perks such as access to premium airport lounges across the world. In addition, the card also provides 23, 000 miles on renewal, as well as miles that do not expire.
Those who love dining out can now also earn points and deals every time they eat out. Dining Rewards credit cards pay out rewards in the form of loyalty points and discounts at various restaurants and bars.
For example, the American Express Platinum Reserve Credit Card comes bundled with a host of offers on dining out, offering a variety of discounts at leading restaurants in India.
Cardholders will also receive special privileges at the Taj Hotels and Oberoi group, synonymous with luxury.
In addition to this, cardholders will also enjoy cashback of up to 5% on their bill amounts at over 1200 restaurants when reservations are made through the Dineout service, which is in addition to the 30% discount that can be availed.
Other benefits include cashback on hotel and flight bookings as well as free access to premier golf greens in the country.
Music to the ears of every shopaholic, shopping rewards credit cards dole out rewards and freebies to cardholders every time they shop. Yes, you heard that right. These cards offer discount, cashback as well as complimentary products across a range of categories, and also have higher rewards points for items purchased through the credit card.
One example of this is the HDFC MoneyBack Credit Card, which offers cardholders with 2 reward points for every Rs. 250 spent through the card.
Using the card to make online purchases will lead to even bigger rewards, as cardholders will receive 200% more rewards points for each of their purchases.
The Kotak Mahindra League Platinum Credit Card offers cardholders up to 8 times the rewards on every Rs.150 spent through the card across a range of categories such as electronic goods, department stores and more. Cardholders can also enjoy a range of benefits such as free movie tickets from PVR on spends on Rs. 1, 25, 000 every 6 months.
For a cardholder who enjoys activities and going out, entertainment rewards credit cards will provide them with a range of offers and deals. Cardholders can enjoy complimentary movie tickets, unwind at a spa at highly discounted rates or choose to give in to their inner child at an amusement park while enjoying freebies and discounted rides. In addition, charging these purchases to the credit card will earn up to 3 times the regular rewards points.
The ICICI Bank has a number of such entertainment cards, such as the ICICI Coral Credit card, which offers cardholders a buy one, get one free offer on movie tickets at BookMyShow. Cardholders can also enjoy 15% off their dining bill at over 800 restaurants across the country.
With ICICI Bank’s Rubyx Credit card, cardholders can relax at a spa and receive a 10% discount on all services, as well as discounts of up to 50% on selected services.
For those who prefer a round of golf, the card entitles holders to benefits such as free green access at a number of golf courses in India.