Credit card issuers have made it easy for you to save money with exclusive credit card payment offers. You can shop and enjoy a stress-free payment process while maximising your savings. There are many ways to do so as long as you choose the right card and know your limits.
Tips to Save Money on Your Credit Card
Though they are a valuable financial tool, credit cards can also tempt you to shop more than you normally would. However, if you want to save money while using your card, you can reflect upon these aspects:
Choose a Card That Suits You
Choosing a credit card that agrees with your lifestyle can be a lifesaver. For instance, if you struggle to cope with utility bill payments, choose a credit card that offers discounts or cashback on such payments. Select a card based on your individual needs and spending behaviour.
Here are a few things you can look for:
- Rewards
- Merchant discounts
- Interest-free period
- EMI options
Use Credit Card Rewards and Points
Issuers try to cater to a wide range of customer needs and design benefits accordingly. If you select a credit card based on your unique requirements, you can optimally use the rewards meant for that card. So, if you drive a lot due to work or personal reasons, find a card that offers waivers on surcharge as well as fuel discounts. Also, look for a card that offers more reward points on fuel purchases.
Avoid Cash Withdrawals
While keeping an eye out for rewards and discounts, you may want to avoid using your card for cash withdrawals. Such advances are a great option, but they also have high charges. If you think you will need this feature, look for cards offering it interest-free for a specific time period.
Avoid Paying the Minimum Due
Another feature that credit card issuers offer is paying only the minimum due. While this saves you from the late payment fee, the accumulated dues gather a lot of interest. That is why you may want to avoid it to save money.
Make Your Bill Payments a Priority
Paying your bills on time is the key to getting a better credit score and more rewards. You will have to make your bill payments a priority. You can choose a billing cycle based on your cash flow or salary date. You can also focus on deals that allow you to save money while paying bills.
Credit Card Payment Offers on Various Platforms
You can find many credit card payment offers on apps or third-party mobile wallets. Some of these include:
CRED
CRED is one of India’s most used apps for paying credit card bills. It offers a certain amount of CRED coins when you use the platform to pay your credit card bills. It has useful features that allow you to:
- Use UPI or internet banking to pay your bills
- Get rewards every time you pay bills
- Receive payment alerts, credit reports and e-statements
- Use your credit card to pay your rent
Paytm
Being one of the most reliable credit card bill payment apps, Paytm has many benefits. It offers a seamless experience for paying bills on time, keeping track of multiple cards and managing expenses. Alongside these core features, here are some added benefits you can get from Paytm:
- Check your credit score for free
- Use UPI or debit card to make payments
- Get reminders to pay bills with an auto-payment option
Google Pay
This platform is also popular, with many deals you can get via scratch cards. With the added security of this platform, you can use a PIN for your transactions. Here are some added benefits of using Google Pay to save money:
- Get multiple credit card payment facilities
- Get rewards and discounts for paying bills
- Get multi-tiered security features
Cheq
If you have multiple cards, you can use this app to pay all bills seamlessly. You get rewarded via CheQ Chips and can redeem them for dining, movie tickets and more. Here are some of its features:
- You can set due date reminders for your cards
- You can check your credit score
- There are no processing fees for paying bills
- You can get cashback of up to 1%
FreeCharge
It allows you to pay bills of credit cards issued by over 18 banks. You can enjoy cashback of up to 5% on paying your bills. Here are some of its features:
- Allows you to check your creditworthiness
- Charges a lower processing fee up to 1.5%
- Allows you to benefit from reward and cashback
Paying your credit card bills becomes easier when you don’t have an annual or joining fees. A mobile app that tracks your spending can make financial management more efficient and keep your budget on track. One such credit card is the One Credit Card, offering you 5X reward points monthly on your top two spending categories.
You can also get easy EMI options and introduce your family to its benefits with up to 5 add-on cards. Download the app or visit the website to apply now and enjoy offers on numerous payments.