It wasn’t too long ago that most people felt intimidated by credit cards. They were associated with a myriad of myths and people didn’t use them as often. But today, the number of credit card users has significantly increased. Did you know? More than 5.2 crore people in India use credit cards regularly!1
The increasing number of credit card users contributes to the rising popularity of credit cards in the e-commerce market. When you make purchases online, using the best credit card for online shopping, you get a wide range of credit card benefits. Thanks to this, more and more people are resorting to using their credit cards for online shopping. Credit cards not only make the shopping experience better, but they also come with a wide range of credit card benefits.
If you’re a new user, you’re probably not aware of the credit card benefits that one can enjoy. This mode of payment can prove to be highly beneficial in the long run, especially when you’re spending on products online. Here are some key benefits of using the best credit card for online shopping:
- 1. Easy EMI
Unlike other modes of payment, credit cards offer the benefit of easy EMIs. For instance, the Bajaj Finserv RBL Bank SuperCard brings with it the benefit of converting high-end online purchases to EMIs easily.
Consumer durable loans have been in the market for a long time, but not everyone benefited from them. This was mostly because online retailers did not offer this benefit earlier. However, today, one of the best credit card benefits is that people can easily avail the EMI option.
You can purchase any product on easy EMIs – they’re pretty affordable! With the availability of the credit card EMI option, you get to pay-off your high-end purchases in parts.
- 2. Rewards
Now, who doesn’t love being rewarded for making purchases? Credit cards provide the benefit of discounts and cashback offers. These credit card rewards usually depend on your welcome bonus and card type.
You can then redeem these rewards to make more purchases or even make down payments. The rewards are usually given in the form of points. Once you collect a significant number of points, you can quickly redeem them for gift vouchers, discounts, fuel expenses and more.
- 3. Consumer protection
With the prominence of online payments on the rise, the chances of fraudulent activities online are increasing too. But when you’re using the Bajaj Finserv RBL Bank SuperCard, you get the benefit of the consumer protection program.
This protects the cardholders against cybercrime. Moreover, this credit card features in-hand security along with zero-fraud liability cover. As a result, the risk of being conned online is lowered.
Additionally, with credit cards, the buyers get the benefit of making easy payment reversals, offering extra benefits while shopping online. If you have received a defective product, you get the option to reverse the payment. Hence, the consumer is always protected against any unwanted risks.
- 4. Unparalleled annual savings
When you use a credit card that rewards you with benefits each time you make a purchase and take advantage of all the cashbacks and discounts that it has to offer, you can save a lot on your expenses, annually. For this, however, it is crucial that you have a clear understanding of all the ways in which your credit card can help you cut down on your expenses.
The only thing that you need to ensure is the timely payment of your credit card bills. With Bajaj Finserv RBL Bank SuperCard, you can save big on your expenses – upto Rs. 55,000 annually. Now that’s what smashing savings look like!
- 5. Improved credit score
One of the main reasons you should start using your credit card instead of your debit card is to improve your credit score. It is only when you make purchases through credit cards that your credit score can improve. An improved credit score makes it easier to avail quick, emergency funds in the form of loans. With a decent credit score, not only is it easier for you to get loans, but the processing of the loans is also quicker.