First time owner of a credit card? Here's where to use it.

If you are a first time credit card holder this is perfect for you.

If you are a regular user of credit card, you should learn how to use it in the best way and wisely. If you know how to make the best use of your credit card, you may not face the problems related to the credit card. Credit card is a convenient and better option during the financial crunch. But making a habit of using it now and then for purchasing anything is not a good habit. One should think twice before making the payment from the credit card. Credit cards can be an alternative during the crisis, but one should spend only the limited amount that they can pay back in the stipulated time.

If you will use your credit card wisely, you will never fall in any such situation like debt or failure of credit card bills.

We all know that the credit card is made for our benefits only. But, some of us make misuse of the credit card and that puts us in the tough spot. There are many uses of credit card which are helpful for us. Below, we are going to tell you how you can make the best use of your credit cards.

Purchasing on EMI

There are a lot of things which we cannot pay in cash, as we do not have enough money to buy them instantly. We know savings are there, but we cannot spend our saving on buying everything. Especially for the people who fall in the category of low or middle income, they do not have enough money to buy luxurious things. That is when credit cards come to help. As you can easily buy things on EMI using your credit card.

When you have to purchase anything on EMI, especially your car or any costly gadget or your laptop or smart TV, you can make the payment using the credit card. Many credit cards offer zero percent interest rate on the EMI’s. Even there are many online websites also which offer zero interest EMI on buying the gadgets or computer systems or electronic items, using the credit card. This not just makes your purchase easy and smart but it also helps in saving you from the excess of expenses in one month.

As balancing the huge amount of expenses in one month can be difficult than balancing it in 6 or 12 months. By doing this you will not have to give your complete savings for that particular month. Some credit card also makes EMI’s available for 24 to 36 months. But remember, that the more the EMI period, the more interest rate you will have to pay, which is somewhere a loss for you.

Pay phone, electricity and other bills

We should thanks to the digitalization, as now paying bills has become easy. Now we can pay almost all the bills online-only, be it the electricity bill, or your phone bill or water bill, etc. In our busy schedule, it becomes difficult to remember the date of the bill payment of every bill. But that can also be sorted with the help of the credit card. There are many credit cards which provide you with the facility of smart payment where you have to just give your consent to pay your phone bills, electricity bills and other bills automatically.

So, you will not even have to open your account to make the payment, as it will automatically get deducted from your account. The payment is usually made a few days before the last date of the payment. This helps in saving you from any late charges also. You will receive the message of the bill payment, once the money is deducted from your credit card account. This also helps in saving our time as we will not have to look for the bills and will not have to do it manually.

Use air miles

If you have used a credit card or you are using a credit card, you would have heard about the air miles. With every credit card purchase, you get some air miles which you can make use for paying your air ticket bills. So, we all know that air tickets are quite costly, and we keep looking for some discounts on the air ticket bills.

So, what else we need, if we can get some discount or deduction on our air ticket bills using the air miles. If you are not aware of this facility of air miles on your credit card, you can check with your customer care. Most of the credit cards provide this facility. The best part is that these air miles are available for both international and domestic flights.

Paying food bills or shopping bills

With the number of discounts and offers which we get on credit cards every month, it has become easy to manage our food bills also. The credit card offers discounts on different food or dining outlets. They also provide discounts on shopping from certain brands when you shop up to a certain amount.

So, this all helps in saving a lot of amounts every month which you generally have to spend from your own pockets. You can just check the offer on the credit card account and can avail it. There are reward points also available which can be used for shopping or for getting cash benefits by converting them. But keep checking the reward points regularly, as they do expire after some time. If you don’t want your reward points to expire just check them and make use of them.

Payment during urgency or emergency

It often happens that we are running out of money and suddenly there comes an emergency when we need money. At that time, credit cards are of great help. However, we do not suggest withdrawing money from credit card, as it may cost you a lot of interest.

Also, we do not suggest you spend credit card money on the urgencies like parties or shopping as they are not an emergency or urgency. But in case, if you are running out of money and have to buy food for yourself or have to pay your phone bill, in that case, credit cards are helpful.

INFO: Credit card number generated are valid but DOES NOT WORK like an actual credit card. They do not have any actual REAL VALUE. They are for data testing and verification purposes only.