Credit Card: Today, most people use credit cards. Most of the people are such who use credit cards only to meet their expenses. But do you know that you can earn money from a credit card? Let us tell you that some news has come from Pune. A person from Pune has done the opposite. He did not spend but earned up to 2 lakh rupees from a credit card. Let us tell you that Suraj Kumar Talreja of Pune has earned reward points of up to 2 lakh rupees from his HDFC and Infinia credit cards in the last year. Kumar Talreja has worked in Standard Chartered Bank and is currently working as a data analyst in V Square System in Pune.
Bharal, at this time credit card has become a part of life. With its help, ticket booking, hotel booking, and even food orders can be done easily. Its need is increasing these days. This gives very profitable reward points. You get a benefit on booking tickets for foreign travel with this card.
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How did Suraj earn
According to media reports, Suraj posted on X on August 6. In which he wrote that I have earned 2 lakh reward points in just 1 year with the help of my HDFC Biz Bank and Infinia cards. Which is worth around 2 lakh rupees. I have not spent them yet.
After this, Suraj said that credit cards are not for spending more. They are not for earning more on that expenditure. Which you already do. He said that this card is very good for freelancers, businessmen, and consultants. In this, you get five times the reward points on tax and utility payments. This also includes GST and advance tax. The value of one point is 1 rupee.
Know about credit cards
Let us tell you that a credit card is a card that looks exactly like an ATM card. We can withdraw money from the bank account through an ATM. With the help of a credit card, we borrow money from the bank and can go shopping with the help of that money. Every month, we get a bill for credit card expenses. If the payment is made on time, and if the payment is not made on time, then interest has to be paid on the remaining amount.
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What happens if you use a credit card excessively?
For information, if you use a credit card excessively, that is, beyond the limit, then you have to borrow more than your budget, and you are unable to repay it. After which, you will have to pay money in the form of a penalty. In such a situation, a credit card should be used only 30 percent every month.