Shopping new electronics, whether it’s a smartphone, a laptop or a home appliance, can be a rewarding experience. However, the excitement of upgrading often brings the thought of managing costs.
While discounts and sales catch our attention, there’s an often-overlooked strategy that can make a significant difference. By leveraging the right tools at your disposal, you can make these big-ticket purchases more affordable and rewarding.
Which is the right card?
The right credit card for buying electronics depends on how well it aligns with your purchasing needs and habits. Consider cards that partner with your preferred retailers or frequently offer promotions on electronics. It’s also important to check the fees, credit limit and flexibility of the card to ensure it fits seamlessly into your financial plan.
Why is it beneficial?
Following are the reasons why credit cards are great for purchasing electronics:
1. Spreading costs with zero-interest EMIs
Many credit cards allow you to convert large purchases into zero-interest EMIs. This means you can pay for your electronics in smaller, more manageable instalments without incurring additional interest. It’s an excellent way to afford big-ticket items without straining your monthly budget.
2. Extended warranty benefits
Certain credit cards offer extended warranty coverage on electronics at no extra cost. This benefit adds months or even years to the manufacturer’s warranty, giving you longer protection for your purchase. It’s a smart way to ensure peace of mind, especially for high-value gadgets.
3. Enhanced purchase protection
Credit cards often include purchase protection, which covers your new electronics against damage, theft or loss for a limited period. This is particularly useful for expensiv gadgets like smartphones or laptops that are prone to accidents. It ensures you don’t face financial losses shortly after making a big purchase.
4. Accelerated rewards or cashback
Many credit cards offer higher reward points or cashback when you purchase electronics. These points can later be redeemed for discounts, gift cards or even flights, depending on your card’s program. It’s like getting a part of your money back just to spend wisely.
5. Access to exclusive deals
Credit card tie-ups with retailers often provide exclusive deals such as additional discounts, early access to sales or free accessories. These offers can help you save significantly compared to using other payment methods. Using the right card can make you eligible for perks that wouldn’t otherwise be available.
6. Building a credit score
When you use a credit card for big purchases and pay off the dues responsibly, you’re building a strong credit score. This is crucial for securing loans or credit approvals in the future. It turns a simple purchase into an investment in your financial standing.
Maximise the benefits of your credit card for electronics
Here are some ways to maximise the benefits of your credit card when shopping for electronics:
1. Use your card for big purchases
When buying expensive electronics, use your credit card to earn more reward points. Bigger purchases mean bigger rewards, which can save you money later. It’s an easy way to make your spending work for you.
2. Check for deals before buying
Always look for special offers, discounts or cashback deals on your credit card before shopping. Some cards give extra benefits when you buy from specific stores or during sales. This quick check can help you save a lot.
3. Shop during sale
Plan your purchases during big sales like Monsoon Sales or festive offers. Your credit card may give you extra rewards or discounts during these times. Shopping smartly during sales means you get more for less.
3. Use your card often
The more you use your card, the more rewards you will earn. This will eventually add up to cashback, discounts or even free stuff. Just use your card wisely to get the most benefits.
Check out the incredible offers on your Kotak811 Credit Card
Looking to buy new gadgets? Your Kotak811 Credit Card has some amazing offers to help you save big on electronics. From cashback to rewards, every time you shop, you get more value. Don’t miss these deals—swipe and enjoy great savings on your favourite gadgets. Shop smarter and get the best out of your Kotak 811 Credit Card today.
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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. Bank makes no warranty of any kind with respect to the completeness or accuracy of the material and articles contained in this Newsletter. The information contained in this Article is sourced from empanelled external experts for the benefit of the customers and it does not constitute legal advice from Kotak. Kotak, its directors, employees, and 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.
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