Recent studies show that Indians are gradually becoming comfortable in digital payment options as well as handling plastic money. Following this fact, the spent amount through credit card has grown 30% higher from the preceding financial year. The reason behind it is that a credit card offers several benefits that enable an individual to fulfill their financial needs without draining their savings.

Firstly, all credit cards come with a "chargeback" facility which let the cardholders get their amount back in case of any disputed transaction.

Secondly, these cards are regarded as one of the most convenient modes of transaction worldwide. Especially when one is travelling, where carrying cash might not be safe.

Thirdly, the popularity of credit cards also rely on the discounts and offers like reward points, cashback, etc. they provide. For example, using Bajaj Finserv RBL Bank SuperCard individuals can save a considerable amount each year.

Fourthly, all credit cards feature an interest-free grace period up to 50 days. It makes spending easier as you can make a transaction and pay the bills without paying any additional interest.

Fifthly, another major benefit of credit cards is it can effectively improve your CIBIL score. A good CIBIL score increases your loan eligibility.

Sixth, in case of emergencies, these cards can prove to be a life-savior. As one can apply for a loan against the credit card and raise funds for immediate expenditure.

Lastly, credit cardholders are also eligible for ATM cash withdrawal from anywhere in the country. Several card issuers let the pupils withdraw money with 0 interests up to 50 days.