How to use credit card effectively
Although we use credit cards in our everyday lives, many of us have no idea how to maximize our reward points.
In this video, we’ll discuss various ways by which we can book our next free movie ticket, flight ticket, or hotel stay at a discount.
Next time you shop, whether online or in person, don't pay with your credit card directly to the brand.
Instead, go to the GYFTR platform via PayZapp and purchase the brand’s voucher using your credit card, then redeem the voucher. By effectively strategizing, you can avail 5x reward points.
If you purchase a Flipkart gift card using the HDFC Infinia card, which has an annual fee of Rs. 14,750, in addition to the discount and reward points, from the GYFTR platform, you also get 4x bonus reward points.
Unlike lifetime free credit cards, whose reward points are equivalent to 25 paise, 1 Reward Point of Infinia cards is equivalent to Rs. 1.
So, your effective cashback here is 16.5%, which is more than the Flipkart Axis co-branded credit card that offers only 5% cashback.
By accumulating these reward points, you can book your next flight or hotel by redeeming the air miles or hotel points.
Make sure to comment on the credit card you specifically use to avail discounts while shopping online.