Credit cards are regularly used for making small and big transactions by users. They are swiped for shopping, bill payments, and travel bookings. A credit card is packed with many features to ease your payments.
Most people focus only on cashback, reward points, and EMI options. But there are several features that cardholders do not use or pay attention to. These benefits can help you save money and enhance convenience. Many users miss out simply because they do not check their card’s terms. If you have a credit card, it is time to explore its hidden perks.
Here are some key features of your credit cards that deserve your attention!
1. Expiring Reward Points
Every time you make a transaction using your credit card, you are rewarded with points. You can use these points for vouchers, flight tickets or discounts on shopping. However, many credit card users forget to redeem their points before they expire. As a result, valuable rewards go to waste. Some banks even allow point conversion into cashback. Always track your accumulated reward points. If you do not use them, you are missing out on free benefits. Redeeming them regularly ensures you get the most out of your spending.
Also Read: Should you buy jewellery using your credit card?
2. International Transaction Control
You get the facility to enable or disable international transactions on your credit card. This can be done through online banking or a mobile app or customer service. It is a good feature to prevent fraud. However, many cardholders do not use this option. Some unknowingly keep international transactions active, increasing their risk of misuse. If you do not use your credit card frequently, it is safer to keep this feature disabled. Always activate it only when necessary. It is a simple step that can protect your money.
3. Contactless Payments
Credit cards come with tap-and-pay transactions facility. These features improve security and convenience. However, many people still insert their card or enter details manually. This increases the risk of fraud. Contactless payments reduce card skimming risks, while virtual cards offer safer online transactions. If your credit card has these features, using them can make payments quicker and more secure.
4. Balance Transfer Facility
If you have a high outstanding balance on one card, you can transfer it to another bank’s credit card.
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