{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/credit-card\/benefits-of-a-credit-card-over-a-debit-card-in-india\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/credit-card\/benefits-of-a-credit-card-over-a-debit-card-in-india\/","headline":"Benefits of a credit card over a debit card in India","name":"Benefits of a credit card over a debit card in India","description":"Imagine standing at the checkout of your favourite store after a shopping spree, pondering over the payment methods – should I use my debit card or credit card? While the former ensures that you spend within the limits of your bank balance, the latter tempts you with ‘buy now, pay later’. As you journey through...","datePublished":"2023-10-11","dateModified":"2024-08-28","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/vinayak\/#Person","name":"Vinayak","url":"https:\/\/www.indusind.com\/iblogs\/author\/vinayak\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/83880c90630f0d98ec7d461acb74bdf6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/83880c90630f0d98ec7d461acb74bdf6?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"IndusInd","logo":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/logo-2.png","width":201,"height":86}},"image":{"@type":"ImageObject","@id":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/iBlog_1060X400_5-1.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/iBlog_1060X400_5-1.jpg","height":400,"width":1060},"url":"https:\/\/www.indusind.com\/iblogs\/credit-card\/benefits-of-a-credit-card-over-a-debit-card-in-india\/","about":["Credit Card"],"wordCount":1252,"articleBody":"Imagine standing at the checkout of your favourite store after a shopping spree, pondering over the payment methods – should I use my debit card or credit card? While the former ensures that you spend within the limits of your bank balance, the latter tempts you with ‘buy now, pay later’.As you journey through this blog, you will gain fresh insights and understand why applying for an instant credit card is a smart financial move in today’s rapidly advancing economy.Recent statistics also reveal a marked preference among Indian consumers for credit cards, especially with the digital boom. Dive into this blog as we unravel the benefits of credit cards over debit cards in the Indian financial landscape.Understanding credit cards and debit cardsTake a look into the world of plastic money and understand the features of credit cards and debit cards. This will ensure that you are equipped to make informed financial decisions.A close look at their features:Debit cards: Debit cards are directly linked to your bank account. They enable transactions by deducting money from the balance you’ve deposited.There is a clear boundary: you spend what you have.Credit cards: Functioning on the principle of credit, these cards allow you to borrow money up to a predetermined limit. You can make purchases today and repay later, either in full or through monthly instalments.Taking advantage of technological advancements, IndusInd Bank now offers you the convenience of applying for a credit card online. With instant online credit card approval, the process of acquiring an IndusInd Bank Credit Card has become swift and hassle-free.Benefits of credit cards over debit cardsFinancial flexibility and credit buildingCredit cards give you the privilege to shop now and pay later. Not only does this ensure financial freedom, but timely repayments can also fortify the credit score. This opens the door to better financial opportunities in the future.Reward points and cashbackEvery transaction made via credit cards earns reward points or loyalty points. Over time, these benefits can accumulate and lead to significant savings. These reward points can be redeemed for various perks, such as air miles, discount offers, and even cash in your card account. This gives you value for every rupee spent.Robust security protocolsWith enhanced security measures, credit cards provide peace of mind. Should there be an unfortunate instance of theft or fraud, these security measures help ensure that the credit card will remain secure.Elevated purchase limitsCredit cards typically offer higher purchase thresholds than debit cards, which becomes particularly advantageous for making large or emergency purchases. Additionally, many credit cards allow you to convert these large expenses into easy-to-manage monthly instalments, or EMIs, thereby making it more financially manageable for you.Global acceptanceCredit cards are globally accepted, making international transactions and travel smoother compared to the restrictions often associated with debit cards.Why choose IndusInd Bank Credit Cards?The credit cards by IndusInd Bank are designed for different lifestyles and needs. From dining aficionados to frequent travellers, there\u2019s a card for everyone. These credit cards also come with the Total Protect feature, among others. For some cards, you need not pay any joining or annual fees to use these cards. They enable you to enjoy exquisite privileges and save more with reward points that never expire.For instance, the IndusInd Bank Legend Credit Card provides premium benefits. With this card, you earn 1 point per \u20b9100 spent on weekdays and twice the points on weekends. Annual spending over \u20b96 lakhs allows you to earn 4,000 bonus points. Additionally, you enjoy a 1.8% foreign currency markup discount and a 1% fuel surcharge waiver upon using this credit card.Adding to the allure, the lifetime-free cards with the Total Protect feature ensure that you are safeguarded against unauthorized transactions, adding an extra layer of security. The absence of joining or annual fees makes these cards even more attractive, and the reward points you accumulate never expire, so these points can be redeemed at your convenience.ConclusionIn your financial journey, credit cards emerge as superior tools compared to debit cards. Beyond merely aiding purchases, they offer opportunities to build a credit history, earn rewards, and provide a safety net in emergencies.IndusInd Bank offers a range of lifetime-free credit cards that come with the Total Protect feature. You need not pay any joining or annual fees to use these cards. They enable you to enjoy exquisite privileges and save more with reward points that never expire.Apply now for an IndusInd Bank Credit Card catered to your needs. Disclaimer: The information provided in this article is generic 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. Share This:"}