Are you max-ing out Credit Card benefits?

Increasing consumerism has led to living in a debt trap. Thanks to Credit cards, we are forever caught in a circle of debt, a viscious circle. Its hard to come out of it and just in case if you do, you are soon back into it. It’s a modern day reality and there’s just no denying it.

Well we have become such slaves to plastic money that we have stopped seeing the scenario outside it – There’s no economy other than debt economy. So much so that sometimes there’s oversight of the added benefits that come with Plastic money. Credit cards can have some real smart uses if you take note. Moms, here are our 5 most favorite ways to enjoy advantages that come with owning a credit card.

1. Credit Period

A credit card is supposed to let you spend in peace without having to pay right then. This should be best done by using the card in accordance with billing cycle. Say your bill gets generated on the 19th of every month, you should use cash or debit card till 18th and then use credit card for the remaining month. You enjoy a greater credit period because expenses from 19-30 of the month are only going to reflect in your next to next bill. Like the expenses between 19 -31 of October will come in the December bill as you get to enjoy a credit period of 40 days usually.

2. Lounge Access

It is a super handy feature we can utilize during the long haul flights. Especially when traveling with kids and older people. You can stretch your limbs, enjoy complimentary food & drinks and use the wifi. Just make sure you carry the add on access cards when you pack.

3. Memberships

A higher tier credit card brings in added memberships or experiential cards – it could be dining-out cards or membership programs of five star chains, a privileged club or pre-paid/ discounted invites for holidays. Definitely have fun using the memberships till they are complimentary.

4. Concierge

Again the higher tier cards offer you concierge services for various kinds of bookings, including movies. Did you say, “Yay”?

5. Reward Program

This may be an oft used feature since many of us love shopping with points. Credit card companies are always adding new merchants to offer a wide variety of redemption benefits. If you can make the effort of finding out which categories of card purchases attract higher points, then you can swipe your card for those purchases and max out the benefits. Also keep in mind, when taking a consumer durable or car, swipe your card to pay the down payment instead of writing a cheque for it. A fat amount will earn you more points; you should of course promptly pay your credit card bill.

Momeys! Use these hacks to become a credit card pro.

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