Credit cards have quickly ascended in popularity over the years in India, and for the right reasons. They come with multiple benefits that make them a sound choice for many consumers today. This article will focus on five primary reasons why you should consider applying for a credit card today, focusing on offerings from Bajaj Finserv, namely the Bajaj Finserv RBL Bank Credit Card and the Bajaj Finserv DBS Bank Credit Card.
Financial Flexibility
The first reason to apply for credit card is the financial flexibility it provides you with. Unlike debit cards, which directly deduct money from your account, credit cards let you purchase items on credit. This provides short-term financial relief as you can pay at a later date. Additionally, Bajaj Finserv provides an easy instalment facility to spread the cost of purchases over several months.
Rewards and Cashbacks
Credit cards offer attractive rewards and cashback offers that could save you significant amounts over time. The Bajaj Finserv RBL Bank Credit Card comes with a welcome benefit of 20000 reward points and also provides up to 20 reward points for every Rs. 100 spent on dining, entertainment, utility bill payments, fuel and international spends.
Improved Credit Score
Regular and responsible use of credit cards can improve your credit score, which can be helpful while applying for loans. Ensuring timely payments of your credit card bills can lead to a better credit score.
Enhancing Lifestyle
The comprehensive credit card benefits include lifestyle advantages. With the Bajaj Finserv DBS Bank Credit Card, you get complimentary airport lounge access, exclusive discounts at partner outlets and preloaded benefits like accelerated rewards on dining, fuel, and more. These perks enrich not just your shopping experience, but also enhance your lifestyle.
Financial Emergency
Credit cards can also prove to be helpful during financial emergencies. Incidents such as a sudden job loss or an unexpected health issue can create an immediate need for cash. Having a credit card can help you navigate through these emergencies with relative ease compared to acquiring a loan.
Let’s divert our attention to the features of the co-branded credit cards offered by Bajaj Finserv. What makes these credit cards unique is that they combine the benefits of the bank and the retail partner, allowing you to experience the best of both worlds. For instance, the Bajaj Finserv RBL Bank Credit Card offers a 5% cash back on your down payment at Bajaj Finserv partner stores. Likewise, the Bajaj Finserv DBS Bank Credit Card offers an exciting cashback up to 15% at partner outlets of DBS Bank.
Now, let’s look at how to apply for these credit cards. You can apply for any of these credit cards online through the Bajaj Finserv website. You just have to fill in some basic details and complete a simple online application process. Post this, a representative from Bajaj Finserv will get in touch with you to take your request forward.
With the availability of multiple credit cards in the market, it’s essential to assess your financial requirements and spending habits before choosing a card. Given their diverse benefits, the Bajaj Finserv RBL Bank Credit Card and the Bajaj Finserv DBS Bank Credit Card are attractive options to consider for their co-branded benefits and reputation of the issuing institutions.
Conclusion
Credit cards offer many undeniable benefits. They not only ensure financial flexibility but also help improve your credit score and enhance your lifestyle with their diverse rewards. The key is to use them judiciously and make sure to pay off the outstanding balance on time. If you are yet to enjoy the benefits of owning a credit card, why wait? Apply for a credit card today and open the door to numerous financial and lifestyle advantages.