Credit cards are regularly used for making small and big transactions by users. They are swiped for shopping, bill payments, and travel bookings. A credit card is packed with many features to ease your payments.

Most people focus only on cashback, reward points, and EMI options. But there are several features that cardholders do not use or pay attention to. These benefits can help you save money and enhance convenience. Many users miss out simply because they do not check their card’s terms. If you have a credit card, it is time to explore its hidden perks.

Here are some key features of your credit cards that deserve your attention!

1. Expiring Reward Points

Every time you make a transaction using your credit card, you are rewarded with points. You can use these points for vouchers, flight tickets or discounts on shopping. However, many credit card users forget to redeem their points before they expire. As a result, valuable rewards go to waste. Some banks even allow point conversion into cashback. Always track your accumulated reward points. If you do not use them, you are missing out on free benefits. Redeeming them regularly ensures you get the most out of your spending.

Also Read: Should you buy jewellery using your credit card?

2. International Transaction Control

You get the facility to enable or disable international transactions on your credit card. This can be done through online banking or a mobile app or customer service. It is a good feature to prevent fraud. However, many cardholders do not use this option. Some unknowingly keep international transactions active, increasing their risk of misuse. If you do not use your credit card frequently, it is safer to keep this feature disabled. Always activate it only when necessary. It is a simple step that can protect your money.

3. Contactless Payments

Credit cards come with tap-and-pay transactions facility. These features improve security and convenience. However, many people still insert their card or enter details manually. This increases the risk of fraud. Contactless payments reduce card skimming risks, while virtual cards offer safer online transactions. If your credit card has these features, using them can make payments quicker and more secure.

4. Balance Transfer Facility

If you have a high outstanding balance on one card, you can transfer it to another bank’s credit card. This often comes with a lower interest rate for a limited period. It helps in managing debt more efficiently. However, most users do not explore this feature. They continue paying high-interest charges instead of transferring their balance. If you are struggling with credit card debt, check if a balance transfer option is available.

5. Complimentary Airport Lounge Access

Some premium credit cards offer free airport lounge access. This allows travellers to enjoy comfortable seating, free Wi-Fi, and complimentary meals. However, many users do not check if their card includes this benefit. Some assume it is only for premium cards. But even regular travel credit cards provide a few free visits per year. The next time you travel, check your card’s lounge access feature. It can make your journey much more comfortable without extra cost.

6. Fuel Surcharge Waiver

Fuel prices are high. Many credit cards offer a 1% fuel surcharge waiver at petrol pumps. This might not seem like much, but it adds up over time. Frequent car users can save a decent amount annually. Many people do not use their credit cards for fuel payments, assuming there are hidden charges. However, if your card has this benefit, you can reduce your fuel expenses. Always check the terms to maximise savings.

7. Concierge Services for Bookings

Premium credit cards often provide concierge services. This means you can call your card provider to book flights, reserve restaurants, or buy event tickets. It is like having a personal assistant. Yet, most users never use this service. They assume it is only for high-net-worth individuals. But many mid-range cards also offer concierge help.

8. Free Add-On Cards for Family

Some credit cards allow you to get free supplementary cards for family members. These cards share the same credit limit and offer similar benefits. This helps in managing household expenses better. If used wisely, add-on cards can be a great way to track and control family spending.

9. No-Cost EMI on Large Purchases

Many users pay for expensive items upfront. But credit cards offer no-cost EMI options at partner stores.

Adhil Shetty, CEO of Bankbazaar.com, explains, “No-cost EMI option allows you to split payments over several months without paying interest. Some people avoid this feature, assuming there are hidden charges. However, if used correctly, it can help manage cash flow better. Instead of paying a large sum at once, spreading the cost over time can be beneficial.”

10. Insurance Cover on Credit Cards

Many credit cards provide free insurance benefits. These can include accidental death cover, lost card liability protection, or even travel insurance. However, most users do not know about these features. Checking your credit card’s insurance benefits can be helpful during emergencies. It can also save you money on travel insurance when flying abroad.

Credit cards offer much more than just reward points. The key is to read the benefits and terms carefully. If you own a credit card, check if you are using it to its full potential. A little awareness can lead to significant savings and convenience.