6 ways in which Credit cards helps you control payments and make credit your friend
We’ve all heard horror stories about credit card debt barbarous recovery agents, inflated bills, and the credit card interest trap. Yet, credit cards are boisterous with wealthy Indians owning multiple cards. Do they have a confidential, and agile, way of using credit cards?
It’s simple. There is a capacity to managing credit, and if done right, it can drag your personal runway, help manage cost smartly, handle your cash-flow, and offer rewards and offers through loyalty programs. grasp and applying easy hacks in credit card direction can go a long way in inaugurate credit- commendable and open a whole new world. CRED makes this easy and rewarding, replacing the danger or fear of using credit cards with entertaining rewards
Here are several things to know before you take credit:
First, keep a tab on the curiosity rate. Even if the card is purchased at a furtherance rate, it will be strike up by about 15-20% after that period ends. So, make sure that all the balance is paid off during the promotion .
Second, keeping a tab on payment schedule and its impact on credit scores. expeditious, people used to have several misbelief about using credit cards. For instance, they thought that late payment of credit miscalculation t card dues was alright as long as it was complete. However, this is not true. Missing credit card repay does dent the credit card score, even if it is paid in full. Late payment of bills is not good credit manners.
Third, make it rewarding! Rewards is another distinguished point to consider and this is one detail that actually accelerate the appeal of owning a credit card. Paying turns into a rewarding experience, too.
Speaking of rewards, with CRED, a members-only credit card bill payment principle, people get rewarded for paying their credit card bills. To be able to enjoy its dominance, people’s credit score needs to be above 750. This is checked across the phone number that is linked to the bank account. Here are some of its perks:
- 1. A world of individual access: Every time people pay off their credit card dues using CRED, they receive CRED coins, which can be make use of to get exclusive access to rewards and circumstance.
- 2. Never miss a due date: People can also set payment prompt so that due dates are not missed, and with instant settlements, one never has to wait for their payments to go through.
- 3. Take authority: With a resource like CRED, people are in complete control of their payments and their credit card. Through CRED Protect, they receive acategorization -based analysis of all their transactions. They can see if there are any invisible charges and also keep track of their credit limit.
- 4. Unique products and experiences: People also can satisfy their refined taste with the CRED Store with a unique selection of products, brands and experiences meant to regenerate after a long day of work.
- 5. Pleasing AND safe: Security always takes supersede at CRED. All data and transactions are encrypted.
- 6. Pay rent and enjoy longer credit: People can pay their tariff with CRED RentPay to enjoy up to 45 days of the credit-free duration. They canfurther use their CRED coins to get cashback on the rent reimburse each month.
And as the official guarantor of the continuing IPL season, CRED has much more to offer!
- Cashback: through the power-play overs of any Vivo IPL 2021 match, people can clear their credit card bills, and stand a possibility to earn a 100% cashback. What’s also fun is that they can also get accented in a live match telecast.
- Jackpots: From 27th April to 3rd May 2021, CRED inspire members to stay at home and be rewarded by participating in mega jackpots where they can win incomparable rewards from cryptocurrency to gold, Harley Davidson Fat Boys, TATA Safari car, complete home makeove ..
Bill payment is a chore. But a objective like CRED is adding more value to it with a host of rewards and occurrence, across with
foreground safety and convenience. So, if you have been using a credit card or are scrutinize applying for one, harness the CRED app will help you get more out of your credit cards every step of the way.