{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/credit-card\/reasons-why-every-modern-wallet-needs-a-credit-card\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/credit-card\/reasons-why-every-modern-wallet-needs-a-credit-card\/","headline":"5 Reasons Every Modern Wallet Needs a Credit Card","name":"5 Reasons Every Modern Wallet Needs a Credit Card","description":"For those who like convenience and ease of payments, perhaps no other financial tool may be as preferable as a credit card. Thanks to its various benefits, such as rewards for purchases, security of transactions, financial flexibility, and more, a credit card can be a great addition to your financial arsenal in today\u2019s world.  However,...","datePublished":"2024-11-11","dateModified":"2024-11-11","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/#Person","name":"CONVONIX Antony","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind_bank_pfx_team_indperformics-com\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/7d15b864167d3868c12ffdda340cc1c9?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\/5-Reasons-why-every-modern-wallet-needs-a-Credit-Card.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/5-Reasons-why-every-modern-wallet-needs-a-Credit-Card.jpg","height":288,"width":764},"url":"https:\/\/www.indusind.com\/iblogs\/credit-card\/reasons-why-every-modern-wallet-needs-a-credit-card\/","about":["Credit Card"],"wordCount":1345,"articleBody":"For those who like convenience and ease of payments, perhaps no other financial tool may be as preferable as a credit card. Thanks to its various benefits, such as rewards for purchases, security of transactions, financial flexibility, and more, a credit card can be a great addition to your financial arsenal in today\u2019s world. However, many people may have the impression that credit cards only lead to debt. If handled responsibly, credit cards can help you save and improve your lifestyle experiences. So, if you are wondering, \u2018Is it good to have a credit card in today\u2019s day and age?\u2019, we are here to give you five reasons that prove it indeed is. 5 Reasons a Credit Card is a Must for Every Modern WalletFrom offering ease of payments to helping build a stronger credit score, here\u2019s why a credit card is a must-have in a modern wallet:1. Contactless and Digital PaymentsIt is no secret that digital transactions are on the rise. Credit cards now come equipped with contactless payment features to enable quick digital transactions. This allows for faster and more secure transactions. You can make payments by simply tapping your card at terminals. With some credit cards, like the IndusInd Bank Platinum RuPay Credit Card, you can even link your card to your UPI account. \u00a0When you link your card to your UPI account, UPI transactions become even easier as they directly debit the money from your credit card account.2. Rewards, Cashback, and OffersOne of the major reasons you need a credit card is the rewards and cashback you earn on every purchase. You can make purchases for groceries, travel, or dining and earn reward points. You can later redeem these points for discounts, vouchers, or even flight tickets. Some cards even offer complimentary movie tickets, fuel surcharge waivers, golf games and lessons, and more. So, if you ask, \u2018Why do I need a credit card?\u2019 the ability to earn rewards on everyday purchases can be a major reason. 3. Build and Improve Your Credit ScoreA credit card helps you establish and build your credit history. When you regularly use your card and pay your bills on time, it boosts your credit score. This increases your creditworthiness. This is crucial for securing better interest rates on loans or applying for larger credit limits. So, is it good to have a credit card to improve your credit score? Absolutely. A strong credit score helps build a stronger financial future.4. Financial Flexibility and Emergency UseUnexpected expenses can arise at any time\u2014whether it is a medical emergency, car repair, or an urgent travel plan. A credit card can act as a financial cushion in such situations. It allows you to cover these expenses even in the absence\/shortfall of immediate cash on hand. Most credit cards also give you the flexibility to repay the amount via EMIs. For anyone wondering, \u2018Why do I need a credit card?\u2019, its utility in emergencies can be a compelling reason.5. Exclusive Discounts and Travel PerksMost credit cards are packed with travel benefits. This can include complimentary access to airport lounges, discounts on flight tickets and hotel bookings, concierge services, and more. Many cards also offer travel insurance, lost baggage coverage, and priority check-ins. This can add that extra level of safety and convenience for frequent travellers. Even if you are not a frequent flyer, you can take advantage of exclusive shopping and dining discounts. This can help you save money while enjoying premium experiences. While having a credit card can indeed be useful, it is important to secure it from the right bank. Also Read: What is Plastic Money & Its Benefits?IndusInd Bank: The Right Banking Partner for Your Modern Banking NeedsWhen choosing the perfect credit card, IndusInd Bank stands out as a reliable partner. Here\u2019s why:Wide Range of Credit CardsIndusInd Bank offers a variety of Credit Card options designed for different lifestyle needs to help you find the perfect fit.Attractive Rewards and PerksEnjoy cashback, reward points, travel perks, and exclusive offers on shopping and dining.Advanced Security FeaturesIndusInd Bank Credit Cards are equipped with top-notch security measures for worry-free transactions.Flexible Repayment OptionsChoose from flexible repayment options like EMI and no-cost EMI that suit your financial needs.Simple Application ProcessApplying for an IndusInd Bank Credit Card is fast with our seamless online application process.ConclusionWhether you are building your credit score, earning cashback, or enjoying contactless payments, the advantages of a credit card in today\u2019s world are undeniable. By using it responsibly, you can take stepping stones towards a more secure financial future.With IndusInd Bank, you can choose a Credit Card and apply instantly and start enjoying a host of benefits! So, apply now! 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.Share This:"}