Rupay Credit Card is Best

I am using the Rupay Credit Card from the last 1 month and almost all my UPI transactions are being done using the Rupay Credit Card. To be honest it is the best way to earn the rewards you ever wanted. I usually spend around 10K from my UPI for groceries, fuel and other things and I was using my account for that.

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After that I have started using the Rupay Credit Card and thus started spending the money from Credit Card rather than from the account. So I am getting dual benefit, first my money in the account can be used for applying IPOs or getting some interest on it. Secondly I am getting some rewards back too. As of now the rewards are 1% I.e. I have done a transaction of 10K and got around Rs 100.

I know it is not that huge amount but again 1% back on UPI transactions is a win win deal for me. Because previously I was not getting any thing at all. This 1% gets accumulated and thus can be used for buying something being since I have a good number of points.

Like last month I have visited a restaurant free of cost, fully paid using the Credit Cards points. This way I will enjoy the extra benefit I am getting from the Credit Cards. If you have never used a Credit Card, be sure that it is only fruitful if you pay the total amount every month.

I have seen people defaulting the payment just by paying yhe minimum amount but that is one of the worst financial trap called as Credit Card debt trap you can be in. Because the interest on it ranges from 36% to 50% which is huge. So if you are using the Credit card, it will be only be useful if you are paying the total amount at the end of the billing cycle.