How to Use Credit Card Rewards to Your Advantage

Posted on Saturday, October 21st, 2023 | By IndusInd Bank

Today, credit cards are more than just a payment method. Knowing how to maximise your reward benefits can make your credit card a loyal friend. Your credit card will constantly reward you for your lifestyle choices and spending habits.

Think about unlocking exclusive discounts, access to luxury lounges, cashback, and even travel miles. Sounds incredible, right? Well, these benefits are just a click away. Credit card rewards have numerous benefits to offer if you know how to use them effectively.

This article provides insights into IndusInd Bank’s variety of instant credit card options. It is your roadmap to accumulating, tracking and redeeming rewards to your utmost advantage. Your credit card is not merely a payment method but your passport to a lifestyle upgrade. So, let’s dive right in and unleash the full potential of your credit card rewards.

Understand your credit card reward system

Every credit card has a different reward system depending on spending habits. It is imperative to understand that not all cards cater to the same spending habits.

For instance, some cards offer rewards specifically for dining experiences and travel bookings. Some cards offer extra rewards when you spend on departmental and grocery stores. Some travel-specific cards offer premium lounge services and discounts on hotel and flight bookings.

IndusInd Bank Platinum Visa Credit Card stands as a prime example when it comes to rewarding its users. By diving deep into its reward structure, you can strategise how to maximise your point accrual. With this card, for every ₹150 you spend, you can accumulate up to 1.5 reward points. You can use these reward points to purchase goods and services from top-tier brands. Also, if you own a vehicle, you will love the 1% waiver* on fuel surcharge available across select petrol stations in India. That’s not all. The card comes with a complimentary personal air accident insurance cover of up to ₹25 lakhs, adding an extra layer to your financial security.

Choose the right credit card for your lifestyle

You should not apply for a credit card without understanding its features. It is advisable to take a close look at how and where you spend your money. Then, choose a credit card that is in line with your spending habits and needs.

For instance, if you are someone who loves to eat out, a card that offers dining benefits, like the IndusInd Bank EazyDiner Credit Card, would be the best. Another great option is the IndusInd Bank Nexxt Credit Card. It has in-built LED lights and is India’s first interactive credit card. It offers flexible payment options at POS terminals. The LED button allows you to choose between the various payment options as per your needs.

Redeem points for maximum benefit

Instead of just collecting reward points, get the true benefit of a credit card by redeeming these points. Credit card companies typically provide many redemption options. These range from travel reservations to gift certificates and discounts on purchases from select brands. To avail of these benefits, you need to know the redemption options offered by the credit card issuing company.

Suppose the reward point-to-rupee conversion rate for your card is 1:1 for flight bookings and 2:1 for gift vouchers. In that case, redeeming the points for flight bookings will be more beneficial. You need to choose the option that maximises the actual rewards you get, so tread carefully.

Regularly check for limited-time offers

Credit card companies often partner with brands and merchants for limited-time offers. These offers can help you accumulate extra points or gain benefits like discounts or cashback. Keep an eye out for such promotions and take advantage of them. Being proactive will ensure you use your reward points efficiently.

Diversify with multiple cards

The idea of multiple credit cards may seem daunting, but that is not the case. Having multiple credit cards can help you maximise your rewards. You already know that different credit cards have different features. If you use these cards as per their features, you can collect reward points faster.

For example, you could use the IndusInd Bank Club Vistara Explorer Credit Card for travel-related expenses and IndusInd Bank Aura Edge Visa Credit Card for your retail and shopping needs. This strategy allows you to get the best of both worlds — maximum rewards from each card’s unique benefits.

Keep an eye on expiry date

Reward points often come with expiration dates. To fully benefit from them, be vigilant about these expiry dates. Typically, points from a single billing cycle expire together. Setting reminders well in advance of expiration can help you use them optimally. Accumulate points over several cycles and use them either for purchases or to offset monthly expenses.

Now, here is some delightful news!

IndusInd Bank Credit Cards can elevate your reward experience. With every swipe, you can earn reward points. The icing on the cake? These points do not expire. You can collect as many points as possible and redeem them at your leisure. This way you always get the best out of the rewards you have earned.

Conclusion

Learning how to use credit card rewards and maximise your benefits is worth it. It does not require advanced math. Just choose the best credit card based on your financial needs. You can take a look at IndusInd Bank’s Credit Card options and easily find a perfect match. The application process is 100% digital and allows you to avail of a credit card right from the comfort of your home.

So, no more waiting! Apply now to find the card that perfectly suits your financial needs.

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.