Swipe Right on Wealth: CA Reveals How to Date Your Credit Card Smartly

A leading Chartered Accountant (CA) is calling out Indians to rethink the utilization of credit cards, challenging people to "swipe to become richer, not simply feel rich." With the Indian credit card industry booming in the wake of digital payments, UPI-linked RuPay cards, and creative rewards, credit cards are more than a spend tool if utilized wisely.

 

Key Highlights:

 

•⁠  ⁠Credit cards come with flexible rewards, cashback, and fee-free EMI, which are well-suited for routine spends such as grocery, fuel, and travel. Intelligent users leverage these by matching card choice with spending behavior and earning milestone rewards and co-branded deals.

 

•⁠  ⁠The CA emphasizes paying in full on time to avoid interest, paying ahead for purchases to earn rewards, and never paying spontaneously to earn rewards.

 

•⁠  ⁠Fintech-backed and fintech-funded credit cards are making it easy to build creditworthiness for young professionals and the self-employed, while RuPay cards enabled through UPI are expanding coverage in tier-II and tier-III towns.

 

•⁠  ⁠Recent news indicates milestone rewards are being removed for some, and therefore users need to monitor their card portfolio on a continual basis and change strategy to maximize payout.

 

Prospects: Credit cards, used sensibly, can be an actual money instrument—saving, rewarding, and building credit for customers. The tip: use cards as part of a financial plan, not an excuse for over-spending. In 2025, prudent swiping might mean greater rewards, not fleeting riches.

 

Source: Economic Times, Financial Express, Moneycontrol, Reddit