Delhi 6 march 2025 (Punjab Khabarnama Bureau): The trend of credit cards is increasing in the country. People use them for both small and large transactions. Most people only focus on cashback, reward points, and EMI options. However, there are many features that cardholders either don’t use, don’t pay attention to, or are unaware of. If you have a credit card, it’s time to know about its hidden benefits. Today, we will tell you about 10 such hidden benefits of a credit card.
Insurance Cover on Credit Cards
Many credit cards provide free insurance benefits to their users. These can include accident death cover, liability protection for lost cards, or travel insurance.
Expiration Date of Reward Points
Whenever you make a transaction using your credit card, you earn points. These points can be redeemed for vouchers, flight tickets, or discounts on shopping. However, many credit card users forget to redeem their points before they expire.
International Transaction Control
You can enable or disable international transactions on your credit card. This can be done through online banking, mobile apps, or customer service. This feature helps prevent fraud.
Contactless Payment
Credit cards come with a tap-and-pay feature for transactions. This feature enhances security and convenience. However, many people still enter their card details manually, which increases the risk of fraud. Contactless payments reduce the risk of card skimming.
Balance Transfer Facility
You can transfer the outstanding balance of one credit card to another. Typically, a credit card with a lower interest rate should be used to pay the bills of other credit cards. However, cardholders should remember that a charge is applicable for transferring balances from one card to another.
Free Access to Airport Lounges
Many credit cards offer free access to airport lounges. This allows travelers to enjoy comfortable seating, free Wi-Fi, and complimentary meals. However, many users do not check if this benefit is included with their card.
Fuel Surcharge Discount
Many credit cards offer a 1% fuel surcharge discount at fuel stations. Many people don’t use their credit cards for fuel payments thinking that hidden charges will apply. But if your card offers this facility, you can reduce your fuel expenses.
Concierge Services for Booking
Many credit cards offer concierge services. This means you can call your card company to book flights, reserve seats at a restaurant, or buy event tickets.
Free Add-on Cards for Family Members
Some credit cards allow you to get free add-on cards for family members. These cards come with the same credit limit and offer the same benefits.
No-Cost EMI on Large Purchases
Many people pay the full price for expensive items in one go. But many credit card partner stores offer no-cost EMI facilities on large purchases.
Summary: Discover 10 lesser-known advantages of using a credit card, from rewards to protection features, that can enhance your financial experience.