Credit card benefits can be even better if you know how to use them wisely. From the conditions for availing benefits to understanding previous usage records, here's everything you need to know.
1. Exclusions in Previous Usage Records for Benefit Conditions
Many credit card users are surprised when they don't receive discounts they were eligible for in the previous month. Some transactions may not be included in the previous usage records for benefits. To avoid disappointment, carefully review the terms and conditions in the card's product guide and the credit card company's website.
2. Exclusions in Discounts and Accumulation from Certain Transactions
Certain transactions, such as university tuition fees, public transportation costs, and interest-free installment purchases, might not be eligible for discounts or point accumulation. Before relying on these transactions to receive benefits, check the card's terms and conditions.
3. Separate Conditions for Premium Credit Card Vouchers
Premium credit cards often offer enticing benefits, such as free airfare or hotel vouchers. However, these vouchers might come with additional conditions, such as booking through the card company's reservation service or meeting certain spending requirements.
4. Use Family Cards to Combine Usage Records
If you find it challenging to meet the previous usage record requirements, consider getting a family card. These cards allow family members, such as spouses and children, to use the card under the main account holder. Usage records are combined, making it easier to qualify for benefits.
5. Be Cautious with Point Advance Services
Credit card companies offer point advance services that allow you to receive points upfront and repay them over time. However, these services may not always be as beneficial as they seem. Exclusions and repayment conditions may lead to higher costs and additional interest fees, making it essential to consider carefully before using them.
Knowing these tips can help you make the most out of your credit card benefits. If you're unfamiliar with this information, it's recommended to review your current credit card's product guide and ensure you're not missing out on any useful benefits.