An escalated usage of credit cards by millennial users across the last four years called in a need for convenient payment cards like credit cards. Increased security, options to repay in easy EMIs, and accrued dues all added up to its propelled popularity.

Such leverages also mark the difference between credit card and debit card and make the former more popular.

Listed below are a few of the financial leverages that make credit cards a preferred option over debit cards for online shoppers –

• Reward points with every transaction – Unlike debit card transactions, credit card transactions offer assured reward points. These can later be redeemed as cashbacks, discounts, vouchers, etc.

• Lower risks of financial loss in cases of stolen or lost card – Credit cards do not readily credit the funds to the merchant as utilised by the cardholder. Unlike debit cards,

• Cashback and discounts while purchasing at partnered outlets – Using credit cards to make purchases at partner retail stores are rewarded with points that can be accrued and redeemed against discounts and cashback.

• An easy solution to discrepancies – With credit card issuers being proactive about transactions made via the cards, any discrepancy is addressed and resolved at the earliest.

• Boosted credit score with the timely payment of due amount – While the timely payment of outstanding credit card bills ensures no interest being attracted, it boosts the CIBIL score substantially. It is financially beneficial in the long run considering the convenience that it brings in availing loans or increasing the credit limit on your card or to avail other financial products as well.

Such listed benefits of online shopping using credit cards make it a preferred option. However, making an informed decision while choosing a credit card is vital for a user to make the most of these financial products. One can refer to feature-rich credit cards such as the Bajaj Finserv RBL Bank SuperCard for multiple financial benefits on shopping and other expenses.