credit cards
credit cards

Last Updated on March 9, 2024 by admin

Credit cards have seamlessly integrated into our daily lives. They allow us to pay bills, shop online and save money.

At the same time, they provide us countless opportunities to earn cash back, rewards points, exclusive perks, and discounts.

Nowadays, one does not have to stick to only one method of earning rewards. There are numerous ways to maximise your earnings from your credit cards. However, one must remember a few things when trying to make money from credit cards. First, individuals need to make credit card bill payments on time. Second, choose the right card. 

There are many different cards out there, so it is essential to find one that fits your spending habits and that you can use to maximise your earnings. Moreover, it would help if you were strategic about using your card.

You must use it regularly to earn rewards, but you must also be mindful of the credit limit and avoid interest and fees.

How can I make money in India using a credit card?

Here are some interesting ways to earn money using credit cards:

1. Use credit cards for essential purchases

The use of credit cards makes purchasing necessities simple. They can also help save money with rewards programs and cash-back benefits.

It can also help extend the cardholder’s budget, establish credit, and increase purchasing power.

A credit card may be more than just a convenience, with rewards programmes, cash-back advantages, and discounts on branded products.

2. Make credit card bill payments on time

Making on-time payments on your bills can lower your debt, enhance your credit score, and lower the interest rates on future loans.

Moreover, making timely payments will avoid any interest fees or penalties on the credit card, which will help save money in the long run.

Cardholders can use the below methods to pay credit cards bills on time:

  • Net banking:

By using internet banking, one may pay their credit card bill.

You may use the net banking login credentials to access the bank’s online payment gateway and transfer the outstanding sum.

  • Mobile banking:

Banks and credit card companies have introduced apps for paying credit card bills on the phone.

The mobile app will transfer funds from the bank account to the credit card once cardholders provide the card information.

  • Debit card:

Cardholders can also transfer funds from their debit card to pay the monthly credit card charge.

Cardholders can set up a debit card for credit card purchases by logging into the bank’s online banking system.

3. Avoid debit card and cash payments

Avoid paying with cash the next time you go to the shop to buy a phone or your regular groceries; use your credit card instead.

In this manner, you will not be required to pay for the purchase instantly, and the funds in the savings account can earn interest until you spend for the purchase.

4. Maximise your rewards and cash back

Many businesses offer bonus points when a cardholder purchases goods and services with a credit card. These bonuses, called “rewards,” can help them earn free flights, hotels, merchandise, and even gifts. Many reward programs also offer cash back, a rebate given to cardholders after a certain amount of purchases is made. A credit card reward is a perk cardholders receive for every Rupee spent through their credit card. Rewards points can be accumulated in a variety of ways by credit card holders. 

Some of the common ways to earn reward points are as follows.

  • By making purchases through credit cards and receiving regular reward points.
  • Earning reward points for specific sign-up as a joining bonus point.
  • By spending on special categories like large-value purchases and getting accelerated reward points.
  • Reward points are also earned on paying the renewal fees for the credit cards.
  • Bonus can be received on attaining a certain spending threshold or milestone in a predefined period.
  • For using the card when travelling overseas, certain credit cards provide bonus points.

To maximise your rewards, you must know the terms associated with each rewards program and how you can redeem your points.

Also, check out the conditions on any cash-back offers to ensure you qualify.

5. Know your perks and use them

The perks a credit card offers a cardholder can be fascinating and help save lots of money. Thus, knowing the perks and using them properly is crucial.

Some of the hidden perks offered by credit cards are credit card protection, emergency travel benefit, airport lounge access, extended warranty, etc.


Credit cards may be a useful financial tool when used wisely and appropriately. It provides benefits like incentives, protection, and convenience in addition to assisting in effectively raising credit scores.

It offers perks such as loyalty credits, cash back, reward points, free club memberships, free access to airport lounges, etc.

Thus, one must decide which card best suits their needs and gives the most incentives.

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Sophia Anderson is a finance writer and blogger with a passion for helping people improve their financial literacy. With over 5 years of experience in the finance industry, Sophia has worked with individuals, families, and small businesses to provide financial advice and guidance. Her expertise includes budgeting, saving, credit management, and debt reduction. Sophia is dedicated to breaking down complex financial concepts into easy-to-understand language and empowering her readers to make smart financial decisions. She is a frequent contributor to financial publications and has written extensively on topics such as personal finance, investing, and financial planning. Sophia's mission is to help people take control of their finances and achieve financial sec…