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How to use credit cards to your advantage

Select from a wide range of Credit Cards offered by IDBI Bank: ✓Lifestyle ✓Travel ✓Fuel ✓Shopping with attractive features and rewards.

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How to use credit cards to your advantage

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  1. Credit Card

  2. How to use credit cards to your advantage

  3. Emergency support • No, it is a not a substitute for emergency fund, but it will certainly help when emergency fund falls short of requirement. • But one should keep in mind that since credit cards are an easy available credit line with very high interest rates, so it should be paid off in complete before due date. • To manage emergency, your finances should always be in order, by having adequate emergency fund in place, and keeping most of the investments in liquid form.

  4. Discounts, cash back and reward points Though discounts and cash back should not tempt anyone to splurge, but still if one spends within budget then there’s no harm in enjoying the discounts and cash back offers available with credit cards. • Many credit cards offer discounts and cash back on payment of utility bills, purchase of fuel etc. • Some offers extra reward points on buying grocery or doing shopping through specific shops or portals. • You can then redeem these accumulated reward points to buy any other item of your use or may also adjust these points with the payment due.

  5. EMI conversion Many times, especially during festive season many sellers or even websites offers interest-free EMIs for specific tenure on different products. Due to credit card competition and increase in awareness about the calculation behind zero interest rate schemes, sellers these days are taking the burden of interest rate on themselves and are offering true interest free EMI facility to the buyer. This EMI facility should only be used, when you have enough money available with you to fund that purchase. [Source: http://wap.business-standard.com/article/pf/how-to-use-credit-cards-to-your-advantage-116020400642_1.html]

  6. Click to know more on Credit Card : http://www.idbi.com/Credit-Card.asp Thank You…

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