I don’t have credit card. What am I missing out on?

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Deal Newbie
Zorrone

I don’t have a credit card. Never had one.. what am I missing out on? If I have to get one which credit card should I get. I have savings accounts in Axis and HDFC.

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Shopping Friend Shopping Friend
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You are missing the hassle to remember due dates and the pain of calculating chindi reward percentages.



Other than that maybe a CIBIL score if you don't have any sort of loan and you are missing few offers and bank promotions

Talk-Of-The-Town Talk-Of-The-Town
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Enjoy your life.... With cc you get good dealz but also lot of tracking and tension ... Stay away

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Shopping Friend Shopping Friend
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You are missing the hassle to remember due dates and the pain of calculating chindi reward percentages.



Other than that maybe a CIBIL score if you don't have any sort of loan and you are missing few offers and bank promotions

Deal Newbie Deal Newbie
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Other than getting a loan what is CIBIL score used for?

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Comrade Comrade
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Nothing...enjoy the peaceful life

Deal Newbie Deal Newbie
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Really? I get full fomo when people get air miles and lounge access and what not

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Deal Cadet Deal Cadet
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There are debit cards with on par benefits of credit card if you know where to look.

Deal Newbie Deal Newbie
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Can you share some tips? I have an axis and HDFC bank account

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Benevolent Benevolent
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Your are missing abhisek loot

Deal Newbie Deal Newbie
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Huh?

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Talk-Of-The-Town Talk-Of-The-Town
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Enjoy your life.... With cc you get good dealz but also lot of tracking and tension ... Stay away

Deal Newbie Deal Newbie
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Really? I get a lot of fomo when people get free air miles and what not

Deal Cadet Deal Cadet
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Imagine you are relaxing on a vacation now. (Without credit card)

(With credit card) Someone tells you why arent you moving to city? Then you struggle. Then you compromise. Then you earn. Then you spend. Then you save. Years later you saved a lot, you take the savings and go on a vacation. 

Deal Newbie Deal Newbie
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Wow! Enlightening analogy

Deal Lieutenant Deal Lieutenant
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Simple logical answer in my opinion is

if you are good at Maths , go for credit card 

if your are poor in mathematics in high school THEN STAY AWAY FROM CREDIT CARD, YOU CAN'T HANDLE ITS MATH OF EXPONENTIAL INTEREST GROWTH 

Deal Subedar Deal Subedar
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You are missing out on unnecessary stress.

Review Expert Review Expert
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Not having a credit card is like not having a spouse. You obviously miss out on some obvious benefits (45 day interest free period, instant discounts, cashbacks/reward points, better CIBIL score) but you also gain a lot (peace of mind, arguably lesser expenses, time saved, irrational behaviour (i.e. missing cashback/points, unexpected charges etc)).

Like Magnet Like Magnet
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You are missing out if you frequently purchase things online using UPI.

SBI cashback card saves my 5% on every platform.

If you have airtel sim card used by family you can save 25%.

If you don't purchase online at all then you are not missing out.

Helpful Helpful
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Debt and Reward Points

Deal Cadet Deal Cadet
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Kuch nahi rha bhai. Cc me.

Yehi salary aaye bill bharo fir kharcha karo fir salary ka wait karke bill bharo.

Never ending cycle.

Finance Mentor Finance Mentor
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Depends on your lifestyle and income.

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