Festivals are the happiest times of the year. It is also the time when we indulge in shopping for our family, friends, and even ourselves. E-commerce giants like Amazon and Flipkart further add to the joy of shopping with their Great Indian Festival and Big Billion Days. In fact, even amid the pandemic, the country’s festive season generated an estimated $6.5 billion online sales with around 55-60 million participants in 2020, according to a study published by Forbes.
To make the experience more rewarding, consider making your purchases with the best credit cards, which offer schemes, reward points, and cashback that can help you save a great deal of money and extend what you can afford during your shopping spree.
Here is a look at some other perks of shopping with credit cards during festivities.
1. EMI Options
In case of large purchases, like furniture and appliances, you can convert the amount into instant EMIs. This way, the burden of paying the whole amount at once is reduced. Check out attractive options right before the purchase to make the most of this facility, since this may be applicable on selected purchases only.
2. Cashback Offers
Explore the vast range of products on e-commerce platforms with cards that offer cashback facility. You can easily redeem it to improve your buying power during Holi, Diwali or Navratri. Use cashback cards that do not have annual fees but come with credit card rewards points and shopping benefits. In fact, you might also receive a sign-up bonus if you tick off a minimum spending requirement. Make sure to read the perks in detail before choosing a card.
3. Universally Accepted
Cashback credit cards are accepted in all parts of the world. Therefore, you can easily purchase and send gifts while expecting the lowest advertised price match, return guarantees, refunds, and extended warranties on transactions. Buyers can also get high reward points, vouchers, and discounts which can be used to shop a little more.
4. Credit History
We tend to overspend on purchases during festive seasons. One of the benefits of credit cards is that you don’t need to bear the entire burden all at once. However, make sure to clear the bills before the due date to maintain a solid credit history. This can make you eligible for loans with lower interest rates in the future.
5. Big on Savings
With best cashback credit cards, you can save a significant amount during festivals. During the festive season, you may come across exclusive coupons and reward points which can be redeemed and clubbed with other offers. Secondly, you do not have to pay the whole MRP of a product or service. Instead, you get money back on your purchases. This way, one can boost their annual savings without having to compromise on gifts during festivals.
Festivals are an auspicious time to make purchases. With a cashback credit card in hand, you need not worry about your financial situation and soak in the festivities to the fullest.