Things To Know Before Buying Gold on A Credit Card

Purchasing gold is considered a timeless investment for all the right reasons. It has been a part of our culture signifying our rich heritage and tradition. It serves as a hedge against inflation and a means to diversify one’s portfolio. However, investing in gold does require a lot of money and it may be not possible for everyone to pay a large chunk of money at once to secure their gold investments. 

However, with credit cards getting into play, it can become significantly very easy to increase your investments without taking a toll on your finances. Moreover, with a high credit limit of ₹5,00,000, you can easily make huge gold investments using the Airtel Axis Bank Credit Card! 

If you’re new to gold investments or looking for ways to learn more about buying gold using credit cards, this blog can be helpful to you in many ways! 

So, let us dive straight into the top factors you need to consider before buying gold with a credit card. 

Also Read: Online shopping with the Airtel Axis Bank Credit Card

Interest rates:

One of the most critical factors to consider when opting for gold purchases using a credit card is the interest rates charged on gold purchases. This will help you balance your expenses and purchases accordingly and avoid paying high interest for small purchases. 

Credit Limit:

The credit limit may differ from one bank lender to another depending on various factors. Hence, it is important to be familiar with your credit limit. With the Airtel Axis Bank Credit Card, you get to enjoy a credit limit of ₹5,00,000 for various transactions. Explore the Airtel website or download the Airtel Thanks App to apply for your very own Airtel Axis Bank Credit Card today! 

Rewards and cashback:

It is always a good feeling to get amazing offers and rewards after spending money on various transactions. Look for offers and discounts associated with gold transactions to save some money or increase your earrings with cash back. At Airtel, every credit card holder can avail a cashback of up to ₹16,000 and save money on different spending. 

Payment options:

Some credit cards offer the option to buy gold in EMI using a credit card. This means you can spread the cost of your purchase over several months without the need to pay the entire amount in the next billing cycle. While this can make the purchase more manageable, it’s essential to understand the terms of the EMI plan, including the interest rate and any additional fees. Check out Airtel Axis Bank Credit Card interest rates for EMI options for hassle payment experience. 

Payment security: 

When you buy gold using a credit card, security is paramount. To avoid getting involved with fraudulent or misleading transactions, ensure to always check the background of the dealer. Opt for only reputable merchants who are well-known in the market. Most reputable are associated with bank lenders, offering discounts on the purchase of gold using a credit card. 

Also Read: Secured Credit Card – Meaning & How it Works?

Purchase protection:

Many credit cards come with purchase protection, which can cover you if the gold is lost, stolen, or damaged during the process. Ensure to check the terms and conditions of your credit card to see if this benefit applies to your gold purchase. Also, make sure to check the conditions in what situations you can avail the benefits of gold purchase protection.  

Airtel Axis Bank Credit Card: A Smart Choice

The Airtel Axis Bank Credit Card offers several benefits that can make your gold purchase more rewarding. Here are some of the key features of investing in Airtel Axis Bank Credit Card: 

Reward Points:

With every transaction using the Airtel Axis Bank Credit Card, you can enjoy incredible rewards and offers that help increase your savings and ease your credit payments. 

Cashback and discounts: 

On regular shopping or payment with Airtel Axis Bank Credit Card, you can earn cashback of up to ₹16,000. From online shopping to bill payments, you can enjoy discounts for almost all your credit transactions. 

Huge credit limit: 

Compared to other lenders, Airtel Axis Bank Credit Card offers a huge credit limit of ₹5,00,000 that helps transform your spending into earnings. Get financially independent with the Airtel Axis Bank Credit Card! 

Easy application process: 

Gone are the days when you had to wait for months to receive and activate your credit cards. With the Airtel Axis Bank Credit Card, you can enjoy a hassle-free credit card application process and get your credit delivered to your doorsteps in just a few days! 

Low annual fee: 

With annual fees as low as ₹500, the Airtel Axis Bank Credit Card becomes an excellent option for credit needs and requirements. Additionally, if you have spending of more than ₹2 lakhs in the second year, your annual fees will be waived. 

Also Read: How to Activate Your Credit Card

Buying gold is a luxury that everyone should enjoy investing in. Make an informed decision today by investing in Airtel Axis Bank Credit Card, ensuring you get the most out of your every investment!

The Airtel Axis Bank Credit Card stands out as a valuable tool for making gold purchases. With rewards points, cashback offers, no-cost EMI options, and robust security features, it enhances the overall value and safety of your transactions.