Credit Card: Credit card is not just a piece of plastic, it is a 'treasure', these 10 secret benefits will save lakhs of rupees..

Credit Card Benefits: Nowadays, the use of a credit card is not limited to just shopping or cashback, but it has become a smart financial tool. People are using credit cards extensively for small and big needs of everyday life, online shopping, bill payment, and travel booking. Most people focus on reward points, cashback, and EMI, but apart from this, many hidden benefits can increase both your savings and investment if used properly.

People in India mostly use credit cards for shopping or bill payment, but do you know, there are many such benefits of credit cards that very few people know about? If you use the card correctly, then not only reward points but also many other benefits can be found. So let's know 10 special benefits of a credit card.

1-Free airport lounge access
Many credit card users get the facility of free lounge access at the airport, which proves to be very beneficial for travelers. Here, passengers can sit in a comfortable environment, use high-speed Wi-Fi, and also enjoy free food and drinks. This facility makes the journey more comfortable and economical.

2-Fuel surcharge waiver
Many credit card companies waive the 1% fuel surcharge levied at the time of payment at petrol pumps. This small discount seems trivial, but in the long run, it becomes a means of good savings. So, especially for those who travel by car daily, this facility is very useful.

3-Insurance cover
Free insurance cover is also available with many credit cards, which includes accident protection, cover for lost luggage during travel, and protection against card theft. This facility not only provides extra safety to the cardholder, but also becomes a big support for financial help in an emergency.

4-Extended warranty
Many times, an additional warranty of 1 to 2 years is available on gadgets or equipment purchased with a credit card. This facility gives relief to customers from the cost of repair and servicing and provides the safety of the purchased products for a long time.

5-Purchase protection

Yes, if you buy something with a credit card and it gets stolen or accidentally damaged, then some card companies also cover its loss. This facility gives extra safety and confidence to the customers, which makes making big purchases even easier and safer.

6-Emergency roadside assistance
Let us tell you that many cards for car owners provide roadside assistance, such as changing tires, help in case of fuel running out, or help in case of battery failure.

7-Concierge service
Premium cards provide services like a personal assistant, in which you can easily book flights, hotels or movie tickets.

8-No-cost EMI
It is often difficult to pay a lump sum amount when buying expensive items, but many credit card companies allow customers to pay in easy installments without interest. With this option, you can convert big expenses into small monthly payments, which makes it possible to buy essential items without spoiling the budget.

9- Improvement in credit score
The biggest advantage of a credit card is that if you pay the entire bill on time every month, then your credit score is strengthened. So, with a good score, you can get a home loan, car loan or personal loan easily and at a lower interest rate; that is, regular payment improves your financial health.

10- Control over expenses
The monthly statement of a credit card shows the complete picture of your expenses, it contains details of every transaction, so that you can know where and how much money was spent. By the way, this habit proves to be very helpful in making a budget and stopping unnecessary expenditure. (Note- The news is based on general information)

Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.