Offers
Rates
V-KYC
Debit Card Related
Credit Card Related
SA Welcome Kit 
Manage Mandate(s)
Get Mini Statement
categories
Bloggers
Blog collection
Press Release
Mastering Online Shopping: A Guide to Using Credit Cards Wisely
Posted on Friday, February 2nd, 2024 | By IndusInd Bank
Shopping online has become increasingly common in India over the past decade as more people have access to the internet on smartphones and computers. While online shopping provides convenience, it also involves using payment methods like credit cards that need to be handled responsibly. This guide provides tips on making the most of credit cards for online shopping in a wise manner.
Best Credit Cards for Online Shopping in India
Best Credit Cards for Online Shopping in India
When starting to shop online regularly, it’s a good idea to have a credit card specifically suited for making digital purchases.
Key Factors to Consider in a Credit Card for Online Shopping
Cashback or Rewards:
Look for cards that offer cashback of 1-5% on categories like groceries, electronics, and apparel that cover most online purchases. Accumulating rewards can effectively lower your shopping costs.
No Cost EMI:
Many shopping-oriented cards let you convert high-value purchases into interest-free EMIs over 3-12 months. This makes large expenditures more affordable.
Secure Payment Gateway:
Leading shopping cards have advanced security features like one-time passwords and fraud monitoring to keep your transactions safe.
High Spending Limit:
Make sure your designated online shopping card has an adequately high credit limit so you’re never limited by funds during festival/end-of-season sales.
While different banks and issuers offer their own take on shopping cards, the features above can help maximize the benefit of using plastic for online expenditures.
Research and Compare Options to Pick the Best Credit Card for Online Shopping
Using Credit Wisely for Online Shopping
With rewards come responsibilities. Here are some ground rules for maintaining financial discipline with credit card spending:
Set and Stick to Budgets
Before shopping trips, decide how much you can realistically afford to spend that month. Cataloguing expenses helps curb impulse buys exceeding your means.
Avoid carrying balances
Only use as much as you can pay off in full when the statement comes. Rolling over debt incurs high interest costs that erase the rewards earned.
Shop Securely
Only make purchases from trusted retailers on secure payment pages starting with ‘https://’. Verify cards are protected by EMV chip & PIN technology for the highest security at merchants.
Earn and Use Rewards Prudently
Assess the real monetary value of earnings versus spending required to accumulate points. Redeem only for things you need rather than feel entitled to receive.
Build Credit History Responsibly
On-time payments help to establish a solid credit score over time. Occasional missed or late payments can hurt chances for loans/cards in future.
Stay within the Credit Limit
Going overboard, even just a little, impacts the ability to borrow larger amounts when truly required. Self-control maintains access to affordable credit.
The above basics keep rewards flowing in while preventing debt issues if followed diligently. With discipline, credit cards can empower safe, smart digital spending for years to come.
Conclusion
As online purchases increasingly dominate Indian spending, credit cards emerge as a useful financing tool when handled wisely. By understanding available options, utilizing rewards prudently and paying balances in full, digital shoppers can experience convenience while maintaining financial wellness.
When it comes to elevating consumer experience and convenience, IndusInd Bank’s credit card comes with special privileges and benefits that align with your financial well-being.
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
