CardSavvy

There are many innovative ways to make use of the reward points from credit cards. I know a lot of savvy users make use the credit card reward points to redeem them for flight tickets, hotel stays, gift vouchers and electronics. March is always a dry month for most of the salaried individuals. I was always wounding when will India allow us to make tax-saving investments using a credit card. To my surprise the National Pension Scheme (NPS) allows us to make the investment using a credit card. Contributions made to the National Pension Scheme (NPS) comes under 80CCD deductions.

The best way to use the credit card is to take advantage of interest-free credit days, accumulate reward points, review your spending from the statement, pay on time and full outstanding. Using a credit card is discipline, loyalty, and power. Spending money is always the fun part and paying it back is the most boring. What if the bill paying is also fun and rewarding. Yes, you can get reward points even for paying your credit card bills. What is CRED app? CRED is a members-only app which rewards you with exclusive rewards for paying your credit card bill. The most rewarding credit card payment app ever in India. You can download the app and apply to be a member. https://www.cred.club/ CRED background It’s founded by Kunal Shah, founder of freecharge which was also a loyalty reward platform for bill payments. CRED had secured $30M in funding and has a 50+ strong team.

For middle-class people, the credit card is a best friend if used wisely. how to save using a credit card Until a year ago I was rarely using my HDFC credit card, I never know the difference between VISA and MasterCard. I was least bothered about which credit card I was holding and what is the terms and conditions in it. The reason for not paying attention was that my father once cut his credit card into pieces. I didn’t even ask him why did he do so but I cultivated a habit of never being loaned. All my transactions were on my Digibank by DBS debit card, not even on my savings account debit card. I had my company’s current account with IndusInd Bank because they offered a zero balance current account for the private limited company. I don’t even remember how I ended up coming to know about IndusInd bank then, but I wish to thank whoever introduced me to IndusInd Bank now. The relationship manager was nudging me to get a credit card. I said to him I already have an HDFC Regalia credit