Emirates NBD Credit Card Advantages to Enhance your Shopping Experience
Emirates NBD Credit Card Advantages
to Enhance your Shopping Experience
Did you know credit cards could enhance your shopping experience?
Apart from the buzz behind credit cards carrying offers and rewards, there are
other benefits from dispute resolution to payback options, owning a credit card
gives you more advantages when shopping.
Let’s have a look at some of the advantages of credit cards
which can enhance your shopping experience:
1. Fraud prevention
Since a credit card is separate from your
debit card; using more of your debit card exposes your primary account to
frauds. Whereas credit cards are the banks funds, hence using them keeps your
primary account safe.
2.
Offers and rewards
Credit cards offer
cashbacks on your monthly spends, these offers are available on groceries,
utility payments, fuel, flight tickets etc. Seasonal offers bring about more
cashbacks on spends, this way you can spend, save and earn. The Lulu
247 Platinum Credit Card offers a 7% cashback on your daily spends.
3. Payment
in installments
When you make
high-value purchases and you are not in a position to make immediate payments,
some credit cards allow you to pay off these debts in the form of
monthly payments, also known as equated monthly installments (EMI). These
installments can be paid in tenures ranging from 3 months, 6 months, 9 months,
12 months or even more depending on the card or the vendor you made the
purchase from.
4.
Credit score
Having a good credit score helps especially
when applying for a loan or even a credit card.
Why does a good credit score matter? A
credit score basically measures your ability to repay the credit you have
borrowed. No bank or financial institution will lend you money or offer you a
credit card if you don’t have a good credit score. Read this
article from Emirates NBD to see how you can improve your credit score.
5.
Dispute resolution
Credit cards offer you faster dispute
resolution, especially in a situation where you have paid a merchant and they
have not provided you the services. You can raise a dispute, where in the funds
will be credited back to your account, while the bank or financial institution
investigates the issue. In comparison to debit cards, the account holders will
find it very difficult to resolve such an issue.
While credit
cards do offer many advantages over debit cards, it is important to be mindful
while using the credit. As there may be different charges, fees and
over-expenditure could result you in a lump of debts. Hence, do your research
compare different credit cards and choose one which matches your lifestyle,
needs and budget.
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