Different Credit Card Services

Posted on Wednesday, October 30th, 2024 | By IndusInd Bank

Credit cards are now essential financial tools. They make managing daily expenses easy. These days, banks offer a wide range of credit card services that cater to different customer needs. However, there is much more you can do with credit cards than simply make transactions. In this blog, we will explore various types of credit card services banks offer and how they can help you.

Key Credit Card Services

Here are a few services that credit cards offer:

1. Loan on Credit Cards

Many credit cards allow users to access loans. These loans are relatively easier to get as the credit card itself serves as collateral. This means you do not have to get additional collateral. This service is particularly useful for emergencies or planned big-ticket expenses. Since the loan is directly tied to the credit card, the process is often faster than applying for a traditional loan. The repayment for this loan can be done through EMIs just like any other loan.

2. Expense Conversion to EMI

Large purchases, such as electronics or furniture, can be heavy on your pocket. Making these purchases with a credit card is possible if they fall within your credit card limit. However, normally, the amount you borrow with a credit card has to be repaid in the next billing cycle. Paying back a large amount in such a short time can be difficult.

In these situations, cardholders can break these expenses into manageable monthly instalments. Cardholders can convert their transactions into EMIs with competitive interest rates. This ensures you can make a large purchase and repay it with ease.

3. Digital Wallet and Contactless Payments

Many banks offer credit cards with seamless integration with digital wallets, such as Google Pay, PhonePe, etc. It allows users to store their credit card details in a secure app and make payments with a tap. Contactless payments are gaining popularity as they offer security and speed in transactions.

4. Add-On Cards for Family Members

Some credit cards allow primary cardholders to get supplementary cards issued for use by family members. This helps those who want to manage a household’s expenses under one account. It lets individual members use the credit card for their needs. Add-on cards also help build a credit history for younger family members.

5. Online Account Management

Most banks today offer robust digital platforms that let you manage everything online. These portals offer full control over your account. You can view your recent transactions, pay your credit card bills, and apply for new services. Mobile apps have made it even easier, letting users manage their credit cards on the go.

6. Rewards and Loyalty Programs

One of the most attractive credit card services is rewards. Most credit cards offer points for purchases, which can be redeemed for cashback, discounts, vouchers, or gifts. Some credit cards offer specialised rewards in categories like travel, dining, or online shopping, making them more beneficial for those with specific spending habits.

Benefits of IndusInd Bank Credit Cards

IndusInd Bank offers a wide range of credit cards designed to cater to different lifestyles. Whether you’re a frequent traveller or someone who prefers dining and shopping, IndusInd Bank credit cards have unique benefits that stand out in the market.

1. Rewards and Cashback

IndusInd Bank credit cards offer excellent rewards across various categories. Cardholders can earn reward points on every purchase. These reward points can be easily redeemed for discounts, vouchers, etc., ensuring that you get more value out of your spending.

2. Exclusive Discounts

Enjoy 15% off up to ₹500 on dining out through EazyDiner. You can also get a discount of 10% up to ₹300 on shopping at Myntra. IndusInd Bank Credit Cards offer many such discounts across various spending categories.

3. Insurance Coverage

Some Credit Cards from IndusInd Bank, like the Legend, Platinum RuPay, Nexxt Credit Cards, offer complimentary travel insurance.

4. Lounge Access

Having cards like IndusInd Bank Legend Credit Card gives you complimentary access to select domestic airport lounges, ensuring comfort during your travels.

5. Total Protect Program

IndusInd Bank Credit Cards like EazyDiner Credit Card are equipped with the latest measures for advanced fraud protection. To ensure you are secured against card theft, IndusInd Bank offers the Total Protect program. This program protects you against liability in the case of unauthorised transactions because of card loss/theft.

Also Read: 5 Credit Card Features that Can Exclusively Benefit a Traveller Like You

Conclusion

Credit cards offer a plethora of services that enhance both convenience and financial management. Whether it’s turning purchases into EMIs, earning rewards, or accessing global, the types of credit card services available today cater to diverse needs. IndusInd Bank credit cards, with their exclusive rewards and security features, offer additional value. This makes them an excellent choice for those looking for a credit card that complements their lifestyle.

Apply for a Credit Card with IndusInd Bank today and enjoy a plethora of services!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information.