5 Tips For Maximizing Your Credit Card Benefits

17^th Mar 2025...

Shopping is always better when you save money. Credit cards give you multiple benefits, but many people don’t know how to use them well. By learning a few simple tricks, you can make sure you get the most out of your card every time you shop. It’s easy to turn your spending into savings once you know what to look for.

Let’s explore how to shop smarter and save more.

Choose a credit card based on your needs

Not all credit cards are the same, so it’s important to pick one that fits how you spend money. If you shop a lot, go for a card that gives cashback or discounts. If you love to travel, look for a card that offers travel rewards or free air miles. Think about where you spend the most and choose a card that gives rewards in those areas. This way, you get the most out of it.

Strategically use multiple cards

Having more than one credit card can help you save more if you use them smartly. You can use one card for groceries and another for fuel or online shopping. This way, you make the most of the rewards offered by each card. Using just one card for everything may not give you the best benefits. Plan your spending to match the rewards each card offers and save more.

Redeem reward points wisely

Reward points are like extra savings, but you need to use them carefully. Check what you can get with your points and pick the one that gives you the most value. It could be vouchers or discounts. Also, avoid using points on things you don’t need or that aren’t worth much. Carefully look at the options available and choose the best way to redeem your points. In this way, you get the most benefit out of your rewards.

Make timely payments

Always pay your credit card bill on time and settle the full balance every month to avoid paying interest. Interest charges can cancel out the value of your rewards, making them less beneficial. On-time payments also help you maintain a strong credit score, avoid penalties and prevent debt from piling up. Automating payments or setting reminders can ensure you never miss a due date and keep enjoying your card’s benefits.

Check the expiration dates of your reward points

Reward points don’t last forever, so it’s important to keep an eye on when they expire. If you forget, you could lose valuable points that could’ve saved you money. Check your reward balance regularly and use points before they expire. Many cards send reminders, but it’s good to track this yourself. Staying on top of expiration dates ensures you make the most of your points before they’re gone.

Things to keep in mind when maximising credit card benefits

To get the most out of your credit cards, don’t rush to apply for too many cards just for sign-up offers. It can make it harder to manage and reduce the value you get from each card. If you have more than one, use them smartly. Additionally, watch out for annual fees. If they’re too high, they may cancel out the rewards you earn.

Furthermore, check if your card still fits your spending needs, as your habits might have changed. Lastly, always pay your bills on time to keep your rewards safe and protect your credit score.

Keep things simple by downloading the Kotak811 app

Managing your Kotak811 credit card has never been easier. Whether it’s tracking your spending, viewing transactions or making bill payments, everything is simple and convenient. With just a few taps, you can stay on top of your finances anytime, anywhere. Enjoy a seamless experience while maximising the benefits of your card. All you need to do is download the Kotak 811 Mobile Banking App and get started today!

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This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees, and contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.