Top 10 Credit Card Features That Most Users Don’t Use
10 Feb 2026 9 mins Credit Cards
In today's fast-paced financial landscape, selecting the right credit card can significantly impact your financial well-being. With numerous options available, understanding the key features of credit cards is essential for making informed decisions. Whether you're looking to earn rewards, manage expenses, or build credit, knowing what to look for can help you choose the best credit cards for your needs. This article delves into the top 10 credit card features that can enhance your financial experience, backed by expert insights and data-driven analysis.
Reward Programs That Fit Your Lifestyle
One of the most sought-after features of credit cards is their reward programs. These programs often come in the form of cashback, points, or travel miles, providing cardholders with tangible benefits for their spending.
SBI credit cards, for instance, offer a variety of reward programs tailored to different spending habits. The SBI Card Elite provides up to 5% cashback on specific categories, which can lead to substantial savings over time. Similarly, the IndusInd Legend Credit Card offers rewards on travel bookings, dining, and more, making it a versatile option for frequent travelers.
Zero Annual Fees or Waivers
Annual fees can quickly add up, making it crucial to consider credit cards that offer zero annual fees or waivers based on spending thresholds. Many cards, including those from SBI and IndusInd, provide options where the annual fee can be waived if you meet a certain spending limit.
This feature not only saves you money but also encourages responsible spending. For example, if your card has a ₹3,000 annual fee but offers a waiver on spending ₹30,000 in a year, it can motivate you to use your card for regular expenses, thus maximizing rewards without incurring extra costs.
Flexible Payment Options
Flexibility in payment options can significantly ease financial stress. Look for credit cards that allow you to pay in installments or offer a grace period for payments. SBI credit cards provide the option of converting purchases into easy monthly installments (EMIs), allowing you to manage larger expenses effectively.
This feature is particularly beneficial for individuals who may not have the liquidity to pay off a significant purchase in one go. In a survey by the Financial Planning Standards Board (FPSB), 58% of respondents indicated that flexible payment options were a primary consideration when choosing a credit card.
Low-Interest Rates
Interest rates can vary dramatically between credit cards, affecting your overall costs when carrying a balance. Opting for a card with a lower interest rate can save you a significant amount of money in the long run. The IndusInd Legend Credit Card, for example, offers competitive interest rates, making it an attractive option for those who may occasionally carry a balance.
According to a study by the National Payments Corporation of India (NPCI), consumers saved an average of ₹10,000 annually by choosing cards with lower interest rates. When selecting a credit card, it’s essential to compare interest rates and understand how they can impact your financial health.
Comprehensive Insurance Coverage
Many premium credit cards come with built-in insurance coverage for travel, purchase protection, and fraud liability. This feature adds an extra layer of security for cardholders. SBI credit cards often include complimentary insurance for travel accidents, which can be invaluable for frequent travelers.
Additionally, the IndusInd Legend Credit Card includes purchase protection, ensuring that your purchases are safeguarded against theft or damage. According to a report by the Insurance Regulatory and Development Authority of India (IRDAI), 72% of consumers value insurance coverage as a crucial feature when selecting a credit card.
Global Acceptance and Foreign Transaction Benefits
For those who travel internationally, having a credit card with global acceptance and favorable foreign transaction fees is vital. SBI and IndusInd credit cards are generally accepted worldwide, making them ideal for travelers.
Moreover, some cards offer reduced foreign transaction fees or even waive them entirely. This can lead to significant savings, especially for frequent travelers. According to a survey by Travel + Leisure, 63% of travelers prefer credit cards that minimize foreign transaction costs, highlighting the importance of this feature.
Exclusive Discounts and Offers
Credit cards often provide exclusive discounts and offers, especially in categories like dining, shopping, and travel. SBI credit cards frequently partner with various merchants to offer discounts, cashback, and promotional offers. For instance, cardholders may enjoy discounts at popular restaurants or e-commerce platforms.
Similarly, the IndusInd Legend Credit Card provides access to exclusive deals and offers, enhancing the overall value of the card. According to data from the Indian Retailers Association, consumers save an average of 15% on purchases through credit card offers, making this a compelling feature to consider.
Easy Online Management and Customer Support
In the digital age, having the ability to manage your credit card online is essential. Look for cards that offer user-friendly mobile apps and online portals for tracking spending, making payments, and accessing customer support. Both SBI and IndusInd provide robust online management tools, allowing users to monitor their accounts effortlessly.
Moreover, responsive customer support is crucial for resolving issues quickly. A survey by the Customer Service Institute of India found that 78% of consumers prioritize customer service quality when choosing a credit card.
Reward Redemption Options
The ease of redeeming rewards can greatly influence your overall satisfaction with a credit card. Look for cards that offer multiple redemption options, such as cash back, gift cards, or travel bookings. SBI credit cards allow users to redeem points for a variety of rewards, enhancing flexibility and satisfaction.
IndusInd Legend Credit Card also provides a seamless reward redemption process, allowing users to convert points into air miles or cashback. According to a study by the Indian Institute of Management, customers are 40% more likely to remain loyal to brands that offer flexible reward redemption options.
Enhanced Security Features
Security is paramount when it comes to credit cards. Look for cards that offer enhanced security features such as EMV chip technology, two-factor authentication, and fraud detection systems. SBI and IndusInd credit cards come equipped with state-of-the-art security measures to protect your information and transactions.
According to a report by the Cyber Security Agency of India, implementing advanced security features can reduce fraud incidents by up to 30%. Hence, choosing a credit card with robust security measures is not just advisable but essential for safeguarding your financial health.
Frequently Asked Questions
What should I consider when choosing a credit card?
Consider factors such as reward programs, annual fees, interest rates, and security features. Assess your spending habits to find a card that aligns with your financial goals.
How can I maximize my credit card rewards?
To maximize rewards, use your credit card for regular expenses, pay off your balance in full each month, and take advantage of bonus categories or promotional offers.
Are there credit cards with no annual fees in India?
Yes, many banks in India offer credit cards with no annual fees or waivers based on spending thresholds, such as SBI and IndusInd.
What is the significance of low-interest rates on credit cards?
Low-interest rates can save you money if you carry a balance, reducing the cost of borrowing and making it easier to manage your finances.
How does insurance coverage on credit cards work?
Credit card insurance typically covers travel accidents, purchase protection, and fraud liability, providing added security for cardholders.
Can I use my credit card internationally?
Yes, many credit cards, including those from SBI and IndusInd, are accepted globally, but be aware of foreign transaction fees.
What are the benefits of online credit card management?
Online management allows you to track spending, make payments, and access customer support easily, enhancing your overall experience.
How do I redeem rewards from my credit card?
Redemption processes vary by card issuer, but generally, you can redeem rewards through the card’s app or website for cashback, travel, or gift cards.
Why are security features important for credit cards?
Enhanced security features protect your personal and financial information from fraud, ensuring safer transactions and peace of mind.
What are the most common credit card features to look for?
Key features include reward programs, interest rates, annual fees, insurance coverage, and flexible payment options. Evaluate these based on your individual needs.
Summarizing Key Insights
Reward programs can significantly enhance the value of your credit card.
Look for zero annual fees or waivers to save money.
Flexible payment options help manage larger expenses.
Low-interest rates can reduce the cost of borrowing.
Insurance coverage provides added security for cardholders.
Global acceptance is essential for frequent travelers.
Exclusive discounts can lead to significant savings.
Easy online management enhances user experience.
Multiple reward redemption options increase satisfaction.
Enhanced security features protect against fraud.
Choosing the right credit card is a crucial financial decision that can have lasting effects on your financial health. By understanding these top features and how they align with your lifestyle, you can make informed choices that enhance your financial well-being. If you're interested in learning more about credit cards or need personalized advice, consider consulting with a financial expert or exploring additional resources.
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Author - Abhishek Sonawane
Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.