4 Ways to Save Money Through Your Credit Card During Festive Season

Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.
Know More
Disclaimer: This Article is for information purposes only. The views expressed in this Article do not necessarily constitute the views of Kotak Mahindra Bank Ltd. (“Bank”) or its employees. The Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Article. 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 the Bank. The Bank, 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. Tax laws are subject to amendment from time to time. The above information is for general understanding and reference. This is not legal advice or tax advice, and users are advised to consult their tax advisors before making any decision or taking any action.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
At your request, you are being re-directed to a third party site - https://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
26 FEBRUARY, 2020
This is the season for all things merry. As the celebratory cheer spreads, you cannot help but don your ‘consumerist hat’. From splurging on your festive clothing and delicious sweets to decorating your house, it does not stop. However, it is important to trim your spends or you may end up going overboard. You can spend smart through the right use of your credit card. Credit card issuers offer some of the best bonuses to their customers and taking advantage of these can bring bigger savings.
4 Ways to Save Money on Festive Season with Credit Card
Get a credit card with a sign-up bonus – Owing to the growing competition among credit card issuers, it is not hard to be offered a credit card with a sign-up bonus. The bonus can come in the form of cash back, discount on select restaurant meals and even airline-redeemable points. Usually, you must spend a certain amount to access these bonus benefits. If you can meet the spending requirement, then the sign-up bonus can save you big on shopping deals.
Make purchases on cardholder’s discount days – Credit card, especially retail credit cards are offered with special discounts on certain days of the month. Sometimes, you may also be receiving offers specially curated for you in your mail box. Go through the rewards program and make plans to shop on these days to double your festive savings.
Avail the extended warranty benefit – Buying new appliances or electronics for your home during this festive season? Well, getting extended warranties can be an expensive affair. Using a credit card that offers extended warranty coverage can save a lot of your money. However, ensure that you maintain your receipts to make claims when needed.
Collect reward points – Credit cards carry big reward points. Every time you purchase through your credit card partners, you earn a set number of points. Accumulate these points and use them to make big savings on your festive purchases.
While you fall prey to the numerous marketing campaigns, the festive season can sway you in the direction of easy spending. Having a good budget plan in hand, coupled with the above credit card usage tricks can help you save a lot. Also, make your credit card payments on time or you could end up paying interest and late fees.
You have already rated this article
OK