One of the highly reputed banks in India is the HDFC Bank. It is the leading credit card issuer among the other private banks. If you are thinking of applying for an HDFC credit card then you must go for it without any second thoughts as you will get a reading lifetime experience whit it. You can apply for HDFC Credit Cards online as well as offline.
We know how difficult it is to get a credit card and it becomes more difficult when it comes to its usage. It all depends on choosing the right card once you have got the right credit card then you need to use your credit card in such a way that you are able to maximize its benefits. Hereunder are some of the tips that you can use while using your HDFC Credit Card.
- Choose the right card: HDFC Bank offers a quite wide range of credit cards so you get more options to choose from. Identify your needs and spending habits and then start comparing the credit cards and choose the one which fits them.
- Avail of the Sign-up bonuses: HDFC Bank gives the most rewarding welcome kit to the credit cardholders. If you can afford it then you must avail the sign-up bonuses as they will only going to maximise your benefits.
- Earn Reward Points: You need to be aware of the rewards program of your HDFC credit card so that you can use your credit card for those transactions only that let you earn reward points in return.
- Redeem reward points: Once you have accumulated a decent amount of reward points then you can proceed with the redemption proceed. Redeem your reward points before they expire and you will be able to maximize the benefits of your HDFC Bank credit card.
- Avail of the offers: To the experience more rewarding, the HDFC Bank offers the credit cardholders the additional benefit of the HDFC SmartBuy portal. Here you can enjoy the discounts and offers on various merchant’s products and services.
- Know all the fees: You need to all the fees and hidden charges on your credit card so that you do not fall into a debt trap. You should know the interest charges, cash advance charges, foreign markup fees, etc on your credit card before you use your credit card and fall prey to the debt trap.
- Repayment cycles: HDFC Bank provides various channels to pay the credit card bills on time. You cannot afford to default on the credit card bill payment. You need to adhere to the timely repayment cycles for this you can register for the auto-debit services.
- Set a threshold limit: You need to maintain a low credit utilization ratio on your credit card so that you do not harm your credit score. You can set a threshold limit on your HDFC credit card and on reaching that limit you will be notified about the same through a text message on your registered number so that you can stop using your credit card for further purchases. It is advisable to maintain a credit utilisation ratio between 30% - 40%.
Additional Reading - Reasons why you should get an HDFC Bank Credit Card
