5 Reasons To Start Using Credit Cards For Your Expenses Instead Of Cash

In the modern world, how we manage our money has evolved significantly. While cash was once king, credit cards have taken a prominent place in our wallets. If you’re still debating the merits of credit cards vs cash, it’s time to consider the substantial benefits of using credit cards over cash. If you are an Airtel Axis Bank Credit Card holder, this blog will help you increase the benefits of using your credit card. However, if not, read on till the end to learn the process to apply for a high-value credit card with Airtel.

Here are five compelling reasons why you should start using credit cards for your expenses.

Also Read: How to Check Credit Card Application Status

1. Convenience and Safety

One of the primary advantages of using credit cards over cash is the convenience they offer. Carrying large sums of cash can be risky and cumbersome. With a credit card, you can make payments quickly and easily, whether you’re shopping online, dining out, or travelling abroad. There’s no need to worry about carrying the exact amount or dealing with change.

Credit cards also provide an added layer of safety. If your wallet is stolen, the cash is usually gone for good. However, if your credit card is lost or stolen, you can report it to the bank, and they will block the card to prevent unauthorised transactions. Many credit cards also offer fraud protection, ensuring you are not liable for fraudulent charges.

2. Building Credit History

Using credit cards responsibly is an excellent way to build and improve your credit history. When you make regular payments on time, it reflects positively on your credit report, increasing your credit score. A good credit score is essential for securing loans, mortgages, and even renting apartments.

Unlike cash transactions, which leave no trace, credit card usage is documented and reported to credit bureaus. This documentation is crucial in demonstrating your creditworthiness to potential lenders. Therefore, why use credit cards? Because they help you build a solid financial reputation.

3. Rewards and Cashback

One of the most attractive features of credit cards is the rewards and cashback programmes they offer. These benefits can range from travel points, discounts on shopping, fuel surcharge waivers, and even cashback on your daily expenses. Essentially, you’re getting paid to use your credit card.

For example, the Airtel Axis Bank Credit Card offers high cashback of up to 25% on Airtel bills, recharges, WiFi, 10% cashback on utility bill payments, spends through Swiggy, Zomato, BigBasket, along with numerous discounts and exclusive offers. By using a credit card for your expenses, you can take advantage of these rewards, turning your everyday purchases into significant savings.

Also Read: What are Credit Card Over-limit Fees and Charges?

4. Expense Tracking and Management

Credit cards provide a detailed record of your spending, which can be incredibly useful for budgeting and managing your finances. Each transaction is itemised on your monthly statement, allowing you to review your expenses and identify areas where you can cut back.

This is a stark contrast to using cash, where it’s easy to lose track of how much you’ve spent. Many credit card providers also offer tools and apps to help you categorise and analyse your spending, making it easier to maintain financial discipline and achieve your savings goals.

5. Emergency Financial Support

Credit cards can act as a financial safety net in emergencies. Whether it’s an unexpected medical bill, urgent travel, or a necessary home repair, having a credit card can provide immediate funds when you need them most. This is particularly useful if you don’t have enough cash on hand or if accessing your savings quickly is not feasible.

Additionally, many credit cards offer the option of converting large purchases into manageable monthly instalments, making it easier to handle sudden expenses without straining your finances. This flexibility is a significant advantage of credit cards vs cash.

Also Read: How Does a Credit Card Work? – Process Explained

Steps to Apply for an Airtel Axis Bank Credit Card

If you’re convinced of the benefits of using credit cards over cash and are ready to make the switch, applying for an Airtel Axis Bank Credit Card is a straightforward process. Here’s how you can do it using the Airtel Thanks App:

• Download and install the Airtel Thanks App from the Google Play Store or Apple App Store.
• After downloading the application, log in or register using your Airtel account credentials. If you’re a new user, you’ll need to register first.
• Browse to the Shop section of the app and click on the Airtel Finance option.
• Select the Credit Card button to start the process.
• Complete the application form by entering the required personal and financial details.
• Upload the necessary documents, such as identity proof, address proof, and income proof as prompted by the app.
• Review your application to ensure all information is correct, then submit it.
• Once submitted, your application will be reviewed, and you will be notified of the status. If approved, your credit card will be dispatched to your address.

Switching from cash to credit cards offers numerous benefits, from convenience and safety to building a credit history and earning rewards. By understanding the advantages of credit cards vs cash, you can make informed decisions that enhance your financial management.

The Airtel Axis Bank Credit Card, with its attractive offers and ease of application through the Airtel Thanks App, is an excellent choice for those ready to embrace the advantages of credit cards over cash. Start using credit cards for your expenses today and enjoy the many benefits they bring to your financial life.