How complimentary benefits of credit cards can help you save money

financialexpress.com:

Credit cards come with a plethora of complimentary benefits that can significantly enhance the value for money to cardholders. These days when consumers are increasingly looking for ways to maximise their savings and get more value from their expenditures, understanding and leveraging these complimentary benefits can lead to higher financial savings.

This article will help you understand different complimentary benefits that you can leverage on your credit cards and make use of them to save more money.

Many credit cards offer cashback on everyday purchases such as groceries, fuel, dining, and utility payments. For instance, if a card offers 5% cashback on grocery shopping, and you spend ₹10,000 monthly, you save ₹500 each month, amounting to ₹6,000 annually. Similarly, reward points accumulated on purchases can be redeemed for a variety of items, including gift vouchers and air miles, reducing your out-of-pocket expenses.

Also Read: How to get a credit card without income proof

Credit cards often come with numerous travel-related perks. Complimentary airport lounge access is one such benefit. Frequent travellers can enjoy free meals, Wi-Fi, and comfortable seating, which can save hundreds or even thousands of rupees per visit. Also, some cards offer travel insurance, which can cover expenses related to trip cancellations, lost baggage, and medical emergencies abroad, potentially saving you from incurring high unexpected costs.

Dining out and entertainment expenses can add up quickly, but many credit cards offer discounts and special deals at partner restaurants and on movie tickets. For example, some credit cards provide up to 20% off on dining bills at select restaurants. If you spend ₹5,000 monthly on dining and