Benefits of Using Credit Cards for Online Shopping
Last Updated : Dec. 27, 2024, 4:14 p.m.
Most of us love shopping and indulge quite a lot in it. However, it is essential to save a few bucks on shopping and purchase in a budget friendly manner. Credit cards play an important role in this. They provide great benefits on shopping like savings in the form of rewards, cashback, welcome bonus points and gift vouchers, milestone bonuses and gift vouchers, discounts, complimentary memberships, etc. Overall, shopping with a good credit card leaves you with a thrilling and comfortable experience. Let us now understand the benefits of using credit cards for online shopping.
8 Benefits of Using Credit Cards for Online Shopping
Credit cards enhance your online shopping experience through the following benefits. Here are some of the benefits provided by top credit cards for online shopping in India .
Welcome Bonuses: Receiving a welcome bonus leaves you feeling great. Some credit cards give you welcome reward points just on paying the activation fee even before using the card. Others credit points on reaching minimum spends within a specified time period. These accumulated reward points can be redeemed across multiple categories like flight and hotel bookings, shopping with reputed brands, fuel, etc.
Convenience: Credit cards offer a convenient way of transacting with just a swipe. You can do your purchase safely without hard cash or complicated bank transfers.
Flexible Payment options: Credit cards provide a host of options to pay for your purchases. You can pay at the end of the month along with your credit card bill. If the purchase is too heavily priced, you can convert the purchase into EMIs which get included in your credit card bills month on month. Also, if you cannot pay your credit card bill fully that month due to heavy purchases made, then you can pay the minimum amount due. However, interest will be charged on the outstanding amount which will be carried over to the next month.
Wide Acceptance: Credit cards are widely accepted. They can be used to pay across most merchants, even small merchants. They are also accepted globally in multiple countries. It can thus be carried everywhere and you can shop anywhere with just this single plastic document.
Rewards: Credit cards reward you for each and every spend, milestone spends, etc. The rewards can be in the form of cashback, discounts, airmiles, etc. These reward points can be redeemed later across various categories or catalogue products. Rewards help you save hugely on your online shopping.
Partner Offers: Credit card companies tie up regularly with various merchants across popular categories such as travel, groceries, food, dining, education, etc. to save money while purchasing products or services from these brands. They give instant and additional discounts, gift vouchers, surcharge waivers, EMI options, and free deliveries across reputed partner brands like Amazon, Big Basket, Myntra, Air India, and much more.
Security: Credit card companies have to align with advanced security measures like encryption, fraud monitoring, etc. to give their customers a secured shopping experience. Additionally, most credit cards also provide fraud protection programs that enable you to dispute frauds. Dispute resolution happens faster with credit cards compared to other methods of payment.
High Spending Limit: Ensure that the credit card you choose has a high spending limit so that you are not in want of funds for emergencies or festivals. However, the credit limit sanctioned depends on multiple factors like income, credit history, etc.
Frequently Asked Questions (FAQs)
