Ever since their introduction, credit cards have revolutionised spending. Contrary to popular belief, credit card usage is not simply limited to indulgent purchases. Other than offering convenience, luxury, and attractive rewards, your plastic card is also a useful financial tool for making utility bill payments.
From water to electricity, these recurring expenses make up a significant portion of your monthly expenditure. While it is impossible to avoid these expenses, strategically using your credit card can help you while servicing your monthly obligations. From centralised tracking of all transactions to earning reward points, making utility bill payments through credit cards offers several benefits.
Read this article to understand why it is wise to use your card for making these recurring bill payments.
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Why Should You Pay Utility Bills with a Credit Card?
Many cardholders believe that credit card usage should be limited to select indulgences. However, by using your credit card online to clear recurring bills, you can take advantage of the following benefits.
1. Earn Rewards
Many cardholders believe that using credit cards for lifestyle and travel-related expenses is the only way to earn extra reward points. Yet, this is not universally true. Several banks offer credit cards that offer rewards on utility bill payments. You can then redeem these points to save more.
2. Effortless Payments
Credit card usage comes with the convenience of quick and hassle-free payments. Unlike cash payments for utility bills, a credit card allows you to pay bills from the comfort of your home. This also gives you improved control over your monthly finances as you can track all spending in a single place.
3. Build Your Credit Score
A key benefit of applying for a credit card online is that of building a credit score with consistent payments. Regular credit card usage and an optimal utilisation ratio will help you build a good score that can give you access to a range of financial services.
While many users reserve their credit cards for significant luxury purchases, you can take the smarter route by using cards for your bill payments. As these expenses are essential, you can utilise them to build your credit score without additional spending.
4. Never Miss Payments
A major challenge with paying bills is keeping track of associated payment deadlines. Missing a deadline often means late penalties. Credit cards solve this problem by automating bill payments. You can streamline the payment process by simply visiting your card issuer’s website and giving standing instructions for automatic payments. This setup enables automatic bill payments through your credit card without requiring you to track upcoming due dates.
Make Utility Payments Hassle-free With IndusInd Bank’s Credit Cards
From bonus reward points to automatic payments, your credit card paves the way towards an effortless bill payment experience. Convenient and widely accepted, your card is a useful tool for monthly financial management.
If you’re looking to apply for a credit card online, you can choose from the many options available on the market. Modern and innovative banks such as IndusInd Bank, in particular, offer a gamut of cards designed to support a variety of needs and lifestyles. You can choose from the bank’s various categories:
- Standard Credit Cards: Basic credit cards with a predefined credit limit and standard features for daily transactions.
- Rewards Credit Cards: These cards offer accelerated rewards and discounts on specific purchases.
- Travel Credit Cards: These cards are designed for frequent travellers and provide a range of travel-related perks such as air miles, frequent flyer programme memberships, and airport lounge access.
- Premium Credit Cards: Meant for high-income individuals seeking an elevated lifestyle, premium cards offer exclusive privileges such as concierge services, golf privileges, luxury travel benefits, and access to elite events.
- Co-branded Credit Cards: Launched in partnership with specific brands and retailers, these cards give you specialized rewards and discounts with the respective partners.
With the right credit card, managing your finances is a quick and seamless process. A new-age bank with a range of innovative products, IndusInd Bank offers an assortment of credit cards for a seamless payment experience.
IndusInd Bank also offers a completely paperless application procedure to get an instant credit card online. You can apply for a card in a few easy steps and obtain the product of your choice.
