Credit cards are well-known for their flexibility, convenience, and transaction security, but they also offer several additional benefits that many users might not be aware of. Here’s a look at some of the lesser-known perks:
1. Discounts on Utility Bill Payments and Recharges
Many credit cards provide cashback or rewards for paying utility bills and recharging services like gas, electricity, water, DTH, and mobile. The cashback amount varies by card and issuer, but it’s worth checking if you’re getting this benefit.
2. Airport Lounge Access
Some credit cards offer complimentary access to airport lounges, which can enhance your travel experience by providing comfort and amenities during layovers or delays.
3. Instant Discounts on Food Delivery Apps
Using your credit card for online food orders can unlock substantial discounts. The extent of the discount depends on your card issuer and the offers available at the time.
4. Fuel Surcharge Waiver
Fuel transactions often include a surcharge, but some credit cards offer a waiver or reduction of this fee. This can lead to significant savings on your fuel expenses.
5. Reward Points
Every purchase made with your credit card earns reward points. Accumulated points can be redeemed for shopping vouchers, cashback, air miles, and travel services.
6. Improving Your Credit Score
Responsible use of your credit card, such as making timely payments, can positively impact your credit score. A higher credit score can help you secure loans at better interest rates in the future.
In summary, credit cards offer much more than just a payment method. With benefits like lounge access, fuel surcharge waivers, and rewards, they can be a valuable financial tool. Make sure to explore and utilize these perks to get the most out of your credit card.