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Festivals are a time to rejoice and celebrate. This is the time when you buy new clothes, household items and many other things for yourself. You also tend to splurge on gifts for friends and family to celebrate special occasions. And a good way to prevent yourself from going overboard on your finances is to use credit cards to fund some of your festive shopping. The use of credit cards allows you to avail of short-term credit to fund your festive shopping expenses without eroding your savings.
Here are some benefits of using credit cards during the festive months:
- Take Advantage of the Discounts Offered by Shopping Brands– Festivals are the time when big brands and shop announce hefty discounts to attract more customers. You can take advantage of these special offers by using your credit card to shop without having to worry about carrying too much cash with you.
The ease and convenience of using plastic money to shop offline and online cannot be ignored. Also, many a times these merchants enter into tie-ups with credit card companies to offer additional discounts. You can check the offers available with your credit card and shop accordingly.
- Split the Cost Burden by Using EMI Option– You may have been wanting to buy expensive furniture or electronic items for a long time but are unwilling to spend so much in one go. Apart from availing of special festive discounts offered by the manufacturers you can split the cost burden by opting for the EMI or equated monthly instalment route offered by your credit card.
Do check for such offers when you apply for a credit card. You can spread the cost over several months and in some cases years too.
- Collect Reward Points– Credit card issuers encourage cardholders to spend more via their cards and offer incentives for doing so. These incentives come in the form of reward points which can be redeemed or exchanged at a later date for cashbacks, discounts on air tickets and hotel bookings and many other attractive deals.
So, when you buy new furniture for your home on Diwali, you get to collect a good amount of reward points that can be used to get discounts on future purchases.
- Get the Advantage of Extended Warranties– While buying new appliances or electronic items on Eid or Durga Puja for yourself or for gifting during the festive season you may be wanting to get extended warranties. But extended warranties can be costly. You can use a credit card that offers extended warranty coverage on your electronic purchases and save a lot of money. Do check for such offers when you apply online for your credit card.
- Use Rewards Points to Get Good Deals– You can also use your collected reward points to avail of special festival offers and discounts and make big savings on your festival shopping budget. You can not only use these points to get good deals on all kinds of products but also save on credit card interest expenses by paying the due amount on time.
- Boost Credit Score-Timely payment of dues arising out of your festive shopping can also boost your credit score.
Make your festival extra special by using your credit cards to buy new clothes or furniture or gifts for your loved ones.
