With co-branded credit cards becoming the industry standard, online and offline shopping has become more lucrative than ever before. Partners offer high discounts, travel miles, reward points, welcome bonuses, gift vouchers, and more to cardholders. These credit cards also waive the annual renewal fee if the total expenses surpass a particular amount.
While choosing the best credit card for online shopping can be a tricky choice to make, some fundamental features ensure paramount experience for their customers. These encompass security measures as well benefits for their users. It is vital that users learn of the benefits offered by credit cards to enjoy their shopping experience to its fullest.
Underneath, prime benefits of online shopping with credit card are discussed –
- Exclusive offers at partnered stores: Discounts are often difficult to come by during extensive shopping, especially if it is an off season for sales. It is during these times when credit cards are beneficial. Financial institutions offering credit cards have tie-ups with numerous stores and brands, which in turn, assure exclusive discounts and offers.
Best credit card for online shopping offer a lengthy list of stores and brands with varied offers for their customers. Customers should be cautious to check the partner details of their financial institutions before choosing specific credit cards.
- Reward points on every transaction: Individuals can do several things with their credit card reward points and consequently avail immense reduction in their overall expenses. These reward points are earned on every transaction during shopping. In case of online purchases, reward points are comparatively higher than offline.
Customers must be cautious to redeem these reward points in some form or the other. Numerous options like gift vouchers, discounts, etc. are offered against these points.
One of the other ways to use reward points is to convert them into cash. Doing so enables you to avail discounts in your monthly bill.
- Cashback on purchases: Along with reward points, accumulating direct cashback is another of the features of using credit cards for online as well as offline shopping. These cashback features can be utilised to maximise the savings, in turn ensuring a much better shopping experience.
This is one of the reasons why more users are opting to go for shopping with credit cards rather than debit cards. Using a credit card wisely can help you avail more benefits.
- EMI conversion – With the best credit card for online shopping, you can convert your big-ticket purchases into EMIs. Some financial institutions also provide the option of No Cost EMI, which enables you to pay for purchases in monthly instalments without any additional interest.
- Stringent security measures: Several credit cards provide added security features, which make online shopping more safe and secure.
For example, ‘Zero-fraud liability cover’ and ‘In-hand security’ are some of the security features of the Bajaj Finserv RBL Bank SuperCard. This credit card also has minimal document requirements, making the application process more convenient for their applicants.
They bring you pre-approved offers that make availing credit cards quick and easy. Pre-approved offers are available on numerous financial products like personal loans, business loans, home loans, etc. You can check your pre-approved offer by providing your name and phone number.
With strong security measures including credit card CVV and individual passwords, users have found immense confidence in using these financial tools. Further, easy application methods have further aided their widespread usage.
Along with easy application, some credit cards provide numerous benefits which not only aid in shopping but also other financial requirements. With numerous partner stores to shop from, best credit card for online shopping also provide the option to withdraw money from an ATM during financial emergencies against no interest for a complementary period. However, irrespective of the type of card or expenses, be it shopping or bill clearance, it is imperative that customers repay their credit statement in due time. Always paying the total payable amount in due time helps improve your credit score.
