In India, using a credit card as a payment method is not a new phenomenon. However, a recent study by the Reserve Bank of India states that since May 2018, there has been an increase in the number of credit card users by 27%. Indeed, it signifies the trust and acceptability of credit cards among people.

So, what makes people choose a credit card as a mode of making payments? Along with the inclination towards digitization, it could also be the various benefits it offers. Let us understand the benefits of owning a credit card.

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