Got a new credit card? Here is what you need to do
credit card
Credit cards have gained huge prominence in the last decade. So, if you’re someone who has recently received a new credit card, there are certain things that you must pay close attention to. We will simplify it for you in this article as we delve deeper into the nuances of how to go about with a new credit card.
Key things to remember about a new credit card
The points mentioned below are not just about maximising the credit card benefits. They are also helpful when it comes to ensuring the protection of your new credit card. So, let’s get started:
Read the terms & conditions carefully
How often do you spare some time to go through the entire list of terms and conditions that come along with a new product? Well, in case of a credit card, we especially recommend you pay closer attention to the T&Cs. From the credit limit, credit utilisation, annual fees, to minimum payment terms and much more, ensure that you simply make a note of the key terms. In addition, keep the documentation stored in a safe place.
Make sure you activate the new credit card
Your credit card does not come activated. Hence, you will have to go to the nearest bank and get it activated. Simply insert the card into an ATM, generate your credit card PIN, and happy spending!
Store the credit card in a safe place
Once the initial excitement of a new credit card has died down, you must think of a safe place to store it. Make sure that this place is not easily accessible and is secure from the prying eyes of thieves. Additionally, it should be a place that is easy for you to reach and yet, loss-proof!
Read the rewards that are on offer
There are multiple credit cards providing several credit card rewards and benefits. If your new credit card has those, then it is time to make use of this feature. But before you venture out, do remember to read up on all the terms and conditions that are added on top of the reward benefits. This will help you get a clear overview on how to get these rewards or even redeem them later.
Try to set up an autopay
Credit score is incredibly important when it comes to having any sort of credit facilities – be it loans or credit cards. In case, you got EMI payments every month, then we suggest you set up an autopay feature on the new credit card. This will help you to pay your dues on time.
Have a sensible approach while using the credit card
Finally, do remember that the credit card is not just a means of allowing to spend. It can also play a key role in helping you build your credit score. As a result, use it responsibly.
Lastly, if you still haven’t received a credit card but have been considering getting a new one, then opt the Airtel Axis bank credit card that will provide you with some exciting cashback offers on Airtel recharges and bill payments with the Airtel Thanks app.
About Author
