If you’re looking for an efficient way to manage your expenses and still be able to buy the things you need for yourself and your home, getting a credit card is something that you need to consider. If you have already applied for a credit card, you can check the hdfc credit card status online. This is a unique feature that enables you to track the status of the credit card online. You no longer need to visit the branch in order to get a clear picture about when your card will be delivered or what the credit limit on the card is. You can get all this information online.
If you’re skeptical about getting a credit card, here’s why you shouldn’t really worry too much. Banks usually provide a card with a limit based on your income and your spending capacity. This means you can use the credit card to shop as and when you want and you won’t feel the pinch while paying the bank back. These cards have no interest on the amount you spent, which means you will pay back the bank at a zero percent interest rate. Most offers provide cash back for people who use their credit cards to make payments, this means apart from the discount that you get, you will also receive an additional cash back benefit. Using a credit card to shop or travel is also more convenient and safe in comparison to having to carry a huge sum of money with you.
One of the biggest advantages of a credit card is the convenience to pay the bank after a month. This means that if you are expecting a bonus payout next month and there is an amazing pair of shoes on sale for today only all you need to do is purchase it with your credit card and pay back the bank when you get your bonus next month. Such convenience can never be offered by a debit card.
It is like applying for a short term loan on a need basis and paying back as per your convenience. With credit cards also comes the reward system that is offered by various banks and retail stores. There is always an incentive attached with using your credit card. With every amount spent there is a reward associated in the form of bonus points. These points can be redeemed at any time depending on what is available in the store to redeem and the number of points that you have accumulated.
With credit cards there is also the possibility of winning cash back of 100%. This would entitle you to something free if you won the cash back. Not everyone wins the 100% cash back reward. However if you do win it you will not have to pay anything at all for the item that you purchased. There are a number of benefits of owning a credit card however using it wisely is always the most advisable thing.