Independence Day is around the corner and with it has come a long weekend. The Freedom Sale has started on most of the e-commerce websites and a number of retail outlets across the country. It is time to make high-value purchases and go on a long-awaited vacation. In case you have not made plans already or are short of funds to buy the appliance you had been waiting for, you can use your credit card to fulfil your desires with freedom. Read on to know how you can be financially independent this Independence Day.
Freedom from the wad of notes
Use your credit cards in place of cash
India has started adapting to digital payments and one can now make payments through credit cards or various wallets even in the remotest parts of India. You can always use your credit card to make payments through the credit card and earn bonus rewards on your spending. The amount will be added to the billing statement which you will have to pay after 15 days of generation of your credit card statement.
The best part of using your credit card is that you do not have to carry a huge amount of cash everywhere you go. You also can earn cashback on spending money from your credit card. You can avail huge benefits if you have some of the best cashback credit cards such as Citi Cashback credit card, HDFC MoneyBack credit card, SBI SimplyClick credit card, ICICI Bank Platinum chip credit card, etc.
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Freedom to buy anything, anytime
Use the EMI facility to make high-value purchases
There are instances where huge discounts are offered on a number of products during the festive season. People want to buy appliances and products during these offers but they do not have enough funds for it. Your credit card enables you to buy such products on EMIs and pay off the total amount in smaller monthly EMIs.
You do not have to pay the complete amount at the time of purchase. The amount is paid through your credit card and the amount gets converted to EMIs of 3, 6, 9 or 12 months. It helps in reducing the excessive financial burden from your shoulders and allows you to purchase products that would not have been easy had you not done it through the credit card. Some of the best credit cards for converting your high-value purchases in EMIs are as follows – SBI Elite credit card, HDFC Regalia credit card, ICICI Bank Rubyx credit card, HSBC Visa Platinum credit card, etc.
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Freedom to purchase at low prices
Get amazing discounts and offers online and offline
A number of e-commerce websites and offline retail stores provide amazing discounts, offers and cashback on purchases done during this period. You get the freedom to buy products at low prices during this period. Most retailers have tie-ups with various credit card issuers and one can get additional benefits using the specific card at the time of purchasing.
Various credit card issuers also provide additional cashback or instant discounts during the festive period. You can also go for no-cost EMIs while making high-value purchases during this Independence Day. Some best credit cards for huge discounts are as follows – SBI FBB StyleUp credit card, Standard Chartered Super Value Titanium credit card, Kotak PVR Platinum credit card, etc.
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Freedom to enjoy your holidays without any worries
Use your credit card for vacation this long weekend
There are a number of long weekends which allow people to go on trips and vacations to rejuvenate from the monotony of their daily life. You can use your credit card to make arrangements and earn huge rewards on flight bookings, train tickets, hotel bookings, fine dine, etc.
A number of credit cards allow you to make bookings and get tickets at a low cost. Some cards such as SBI IRCTC credit card, HDFC Diner ClubMiles credit card, Axis Bank Vistara credit card, Citi PremierMiles credit card, etc. allow you to earn more while spending less at the time of travel booking.
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Freedom to avail facilities as per your requirements
Upgrade your credit card for more benefits
Credit card issuing banks and NBFCs keep on offering credit card update options from time to time based on the financial relationship of the cardholder with the bank. In case you have made all your payments on time and have various investment and loan accounts with the bank, the bank offers you an upgrade on your credit card. The upgraded credit card is set to give you a number of additional features and benefits such as increased AirMiles, enhanced Reward Points Programme, etc.
You can upgrade your credit card to get additional benefits at no extra or low cost. In case you have not got any update request from the bank, you can place a request with the bank by either calling the bank’s phonebanking number or writing a mail expressing your wish to upgrade your card.
You can upgrade your HDFC MoneyBack credit card to HDFC Regalia First credit card, ICICI Platinum chip credit card to ICICI Sapphiro credit card, HSBC Visa Platinum credit card to HSBC Smart Value credit card, etc.
In the End – Even though you get a number of benefits and privileges on your credit card during the Freedom weekend, you should not forget that it is you who has to pay for all purchases done through your credit card in the end. So it is advisable that you use your card judiciously and not overspend.