Want extra rewards on your Credit Card? Use them for these 4 purchases

There are multiple advantages to having a credit card. An obvious one is the rewards program. Credit card points can be used or redeemed in different ways, making accumulating them exciting. How to get reward points, you ask? Simply swipe more to earn more. However, certain spending categories can get you extra rewards and other benefits too. Here are four of them.

Electronics and home appliances
 

Purchasing big-ticket electronics such smartphones, DSLRs and laptops, as well as appliances such as refrigerators, ovens, and home theatre systems, among others, becomes a breeze through your credit card. Not only are you able to accumulate a large number of reward points, but you can also earn discounts and cashback at partner merchant outlets and online stores.

Many banks frequently run additional credit card offers in collaboration with brands to offer lucrative deals such as higher discounts, freebies, extended warranties, complimentary service visits, etc., which are exclusively available to the bank’s credit card customers.

Flight and hotel bookings
 

A credit card is a perfect antidote to help wanderlust if the travel bug bites you. In addition to making flight and hotel bookings a breeze, many credit cards also offer other value-added benefits or extra rewards in the form of complimentary airport lounge access, insurance for lost luggage, personal accident cover, etc.

If you have a travel-specific card, you can earn accelerated credit card points which can be converted to air miles, making future travel bookings cheaper for you.

Utilities
 

Utility payments such as electricity, piped gas, mobile, WiFi, water bills, etc., are an indispensable part of our monthly expenditure. Credit cards allow you to set up a standing instruction for different service providers for automatic bill payment. It ensures that you never miss any payments or incur a late fee.

In addition to the credit card reward points, banks further incentivise customers with a percentage discount on such utility payments. Over a year, this could help make significant savings across vendors.

International purchases
 

Credit cards are universally accepted as a mode of payment. Whether you travel abroad or shop online, you can pay for goods and services in any currency. Credit cards have among the lowest currency conversion charges for foreign transactions, which translates into additional savings for you.

More importantly, credit cards are the safest way to transact internationally. Credit cards have various in-built consumer protection protocols that minimise the risk of fraudulent use at unknown establishments or websites.

Picking the right Credit Card
 

Whether you love to shop, travel or are just looking to manage routine expenses, IDFC FIRST Bank credit cards can be a stellar addition to your wallet. You can earn reward points on every spend category. From 4X rewards on POS swipes to 6X rewards with online merchants and up to 10X rewards on crossing a certain threshold and on special occasions like your birthday. These extra rewards can be redeemed for discounts on future purchases or offset in cash value against your monthly outstanding.

In addition to the lucrative rewards program, IDFC FIRST Bank credit cards also award discounts at over 300 partner channels across categories such as shopping, dining, movies, entertainment, health and wellness, among others.

Enhance your spending power and savings with IDFC FIRST Bank credit cards. To find the best-suited card for your needs, click here.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.