Lifestyle credit cards.
Your Credit Card does a lot more than you realise. Besides paying merchants on your behalf and accepting payments later, it comes packed with exceptional features. You can use your Credit Card to get discounts, cashback, air miles, shopping and entertainment vouchers, and a lot more. So, when you apply for a Credit Card, make sure to look for one that is all-encompassing. Here's a look at the most worthwhile lifestyle Credit Cards.
Top Lifestyle Cards that pack a bunch
Every Credit Card provider offers a range of cards - from basic, to high-end and premium, designed to fulfil various lifestyle needs. When you apply for a Credit Card, you can choose a card that combines various perks, such as the following:
If you love catching the latest movies or enjoy eating out frequently, this is the card you should get. With an Entertainment and Dining Credit Card, you can get offers like âBuy 1 Get 1 free' tickets to movies, twice a month. You might also get additional discounts on every ticket booked on the card. Plus, you can get discounts on theme park tickets, arcade games at malls, comedy shows, and more.
These cards combine discounts on food and restaurant bills as well. Moreover, card tie-ups with online food delivery apps and special coupon codes for both online and in-house meals at various partner restaurants can translate into higher savings. You can pay with the card and use the accumulated rewards/dining cash to reduce your total food bill.
If you believe in retail therapy, you can apply for a Shopping-focused Credit Card. Many Credit Card providers enter into branding partnerships with online and offline retail merchants, allowing you to turn your indulgent, sometimes impulsive purchases into reward points. Besides the reward points, you can also get extra fixed percentage discounts on your shopping bills at select stores.
Some Shopping Cards also combine health benefits through tie-ups with certain wellness treatment brands. This way, you can get discounts on your annual gym membership fees, spa sessions at various therapy centres, and beauty treatments at different salons. Your Credit Card provider's partnerships with such facilities results in attractive savings.
Whether you like backpacking, couch-surfing, or spending your days at luxury resorts, a Travel and Leisure Credit Card can help you relax and save more. Most Credit Card companies have tie-ups with at least one or more hotel chains, where you can get complimentary free nights, additional nights on fixed annual spends, and hotel reward points, facilitating free stays at high-end properties.
Travel Cards are even special because they enable you to get discounts on flights, trains, and bus bookings, both domestic and international. While some creditors offer free air miles on specific airlines, others offer a fixed annual discount code that you can apply while booking your bus or flight tickets, for a wholesome and cost-saving travel experience.
If your needs are very specific - to earn cashback, that helps you reduce your overall Credit Card bills, and if you wish to earn reward points that translate to discounts on every spend, you must choose Cashback Cards. These cards typically offer cashback on every single swipe - food, shopping, travel bookings, entertainment, etc., thus resulting in higher savings.
Cashback Cards also offer reward points, which you can accumulate to redeem free gifts up to a certain value, from a dedicated catalogue of rewards. The rewards can be in the form of shopping vouchers, or you can convert them into cash for your food and/or online shopping apps. Moreover, you can convert the points in to cash, which reduces your total billed Credit Card amount.
After using your Credit Card regularly and paying your bills on time, your creditor may offer you a premium card with superior all-encompassing benefits and significantly higher credit limits. Such cards combine shopping, travel, entertainment, dining, cashback, and more. They allow you to consolidate all your lifestyle needs into one card.
All-in-one cards are offered by invitation only and typically entail minimum annual spends up to a certain, fixed limit to enjoy continuous benefits. They may also include a higher annual fee, which may be waived off, if your annual spending meets or exceeds the specified limits. While the annual fee may be high, the benefits far outweigh the costs.
Final word: When used wisely, Credit Cards prove to be more than just payment tools - they serve as lifestyle enablers. These cards unlock a world of extraordinary savings, benefits, and privileges that add value to your life. Thus, when you apply for a Credit Card, you must assess your lifestyle needs and research cards that best suit your specific requirements.
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