{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/www.indusind.com\/iblogs\/manage-your-finance\/what-is-the-best-way-to-use-a-credit-card\/#BlogPosting","mainEntityOfPage":"https:\/\/www.indusind.com\/iblogs\/manage-your-finance\/what-is-the-best-way-to-use-a-credit-card\/","headline":"What Is the Best Way to Use a Credit Card?","name":"What Is the Best Way to Use a Credit Card?","description":"From choosing the perfect credit card to maintaining a low balance and paying bills on time, making smart decisions is essential for maximising your credit card potential. Optimise your credit card experience with IndusInd Bank and unlock endless benefits! Credit cards are valuable tools for managing money and establishing a favourable credit history. They offer...","datePublished":"2023-06-22","dateModified":"2023-06-26","author":{"@type":"Person","@id":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/#Person","name":"IndusInd Bank","url":"https:\/\/www.indusind.com\/iblogs\/author\/indusind\/","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/8169561f34fb61e737060f1a537a86e2?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\/best-way.jpg","url":"https:\/\/www.indusind.com\/iblogs\/wp-content\/uploads\/best-way.jpg","height":400,"width":1060},"url":"https:\/\/www.indusind.com\/iblogs\/manage-your-finance\/what-is-the-best-way-to-use-a-credit-card\/","about":["Manage your Finance"],"wordCount":1093,"keywords":["apply for credit card","credit card apply online","Credit Cards"],"articleBody":"From choosing the perfect credit card to maintaining a low balance and paying bills on time, making smart decisions is essential for maximising your credit card potential. Optimise your credit card experience with IndusInd Bank and unlock endless benefits!Credit cards are valuable tools for managing money and establishing a favourable credit history. They offer the convenience of making purchases without carrying large amounts of cash. Moreover, credit cards come with special offers and rewards, enabling savings and granting access to additional perks. But, with power comes responsibility. Using your credit card wisely can open up many opportunities and give you financial benefits. However, if you misuse it, you can end up in a never-ending cycle of debt.So, how can you make the best use of your credit card? Let us explore some strategies to help you make the most of your credit cardwhile avoiding the mistakes that can lead to problems.Choose a Suitable CardAssess your spending patterns and desired benefits to find your ideal credit card. Compare various cards and their features. Also review the terms, fees, due dates, and benefit limitations. Ensure you can afford the annual fee and consider the APRs and welcome bonuses.Stay Below Your Credit LimitIf you use all the available credit on your cards, your credit score could suffer, and lenders might see you as a risky borrower. It is advisable to use no more than 30% of the available credit on your card. This way, you can avoid credit card debt and maintain a healthy credit score.Pay Credit Card Bills PromptlyIf you do not pay your credit card bills on time, you will be charged high-interest rates and will have to pay more. It also hurts your credit score if you default on bills. Pay your bills promptly to avoid extra charges and protect your credit score.Avoid Making Only the Minimum PaymentPaying merely your credit card’s “minimum due” amount won’t clear your debt, and interest fees will keep piling up. Pay your bill in full by or before the due date to avoid those fees and have more credit available.Make Use of Reward ProgrammesMost issuers provide a variety of incentives and benefits through their loyalty programmes when you apply for a credit card. These can include retail discounts, free movie tickets, or flight rewards. Check your credit card issuer’s reward programme and stay updated on the available benefits to take advantage of them.Avail A Loan If RequiredYour credit card enables you to borrow money up to your credit card limit without putting up any security or collateral. Your spending habits, transaction history, and payment record determine the amount. So, if you need the funds, utilise your credit card to obtain a loan.Limit The Number of Cards You CarryLimiting the number of cards you carry helps you control your spending, stay organised, and in better control of your finances. Besides, it helps you avoid impulsive purchases.What Makes IndusInd Bank’s Credit Card the Optimal Choice?IndusInd Bank credit cards come with tailored benefits and rewards that suit your lifestyle. Whether you are a frequent flyer, a big shopper, or a movie buff, there\u2019s a credit card just for you. The reward points you earn – everytime you swipe! – on your IndusInd Bank card never expire, so you may redeem them as you like or exchange them for cash to pay your outstanding credit card dues.At IndusInd Bank, we prioritise your security. We deploy cutting-edge encryption technology and robust fraud protection measures, providing you with the highest level of safety when conducting transactions. Our dedication to customer service is unmatched, with professional representatives ready to assist you anytime of the day.If you need a credit card apply online with IndusInd Bank to achieve your financial goals while enjoying exclusive perks every step of the way.Disclaimer:\u00a0The 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.Share This:"}