Ways in which Credit Cards can help you stick to your Fitness Resolution - Kotak Bank

11 JUNE, 2020

As the New Year commences, we are bound to resort to several resolutions and the promise of fulfilling goals. Amidst the numerous aims, financial planning and achieving better fitness is likely to stay at the top. Effectively achieving and marinating the two goals is important in leading a well-balanced life. Interestingly, the two aspects are also closely related. This can be attributed to the fact that fitness does not come cheap. Whether you practice fitness within your home, at the park or train under a professional at the gym, the costs can run high.

Achieving a good fitness level does have an impact on your financial health and vice versa. But you cannot put a price tag against your health, right? So how do you hit the right balance? Well, you can indeed save big bucks while achieving your fitness goals.

Here’s how you can strategically use your credit card to attain good health and financial-fitness:

  • Pick the right credit card – The first thing you must do is get a suitable credit card. The redemption goals must go well with your financial goals. Perks such as airline miles, hotel stays, and more do not align with your requirements. Thus, do not get a credit card that offers these benefits. Rather, opt for credit cards that allow you to redeem cashback. This benefit can be used to save big on gym membership and for purchasing equipment. Additionally, you can seek credit cards that let you avail benefits through merchandise and gift cards. This can be of good use while achieving your fitness goal as you can shop for several essentials such as smart watches, fitness gadgets, odometers and more.

  • Stick to a budget – When you work out, you may constantly want to get all the activity instruments and fitness foods available. Sometime, you may end up with unwanted credit card purchases. Thus, you must be mindful or you could end up with bad credit. Establish a monthly budget and do not surpass the spend limits. Always keep within your allowed means.

  • Tie-up stores – Credit card issuers collaborate with different vendors to bring you the best benefits. Look for gym offerings and fitness equipment offers who let you redeem sign up bonuses and extended membership through the use of your credit card. Online and in-stores are also good places to make optimal use of your credit card.


As you start implementing these changes, you will be glad to see your credit record getting stronger. Evaluate and monitor your health as well as finances regularly. Analyze and journal your 2020 fitness goal track record over time.

 

 

 

 

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Disclaimer: This Article is for information purpose only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. Bank make no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empaneled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees and the contributors shall not be responsible or liable for any damage or loss resulting from or arising due to reliance on or use of any information contained herein.