There are still many people who think that having a credit card will only make life more difficult. Moreover, the existence of a credit card sparks the desire to shop, especially for millennials who find it difficult to manage finances because they still prioritize a luxurious lifestyle. However, a credit card can actually be a financial aid for millennials. Don't get mistaken, check out these 5 benefits of having a credit card for millennial lifestyle!
Setting a Monthly Budget? Easy!
The first benefit of having a credit card for catering the millennial lifestyle is that it can practically manage your monthly budget. When creating a credit card, you will get a monthly bill that must be paid. In the bill, a detailed transaction report using a credit card has been recorded during the past month. From this report you can assess your personal financial condition.
Especially if you’re buying goods with an installment, you need to be more careful in allocating your funds so you won’t have difficulties in paying back the installments and making ends meet. However, it’s important to note that you should immediately complete the installments so that the interest won’t swell.
Shopping Without Cash
Want to shop but you don’t have any cash? Take it easy because you have a credit card! One of the benefits of a credit card for millennial lifestyle is that it makes shopping easier without the hassle of withdrawing cash. Shopping with a credit card is also safer than cash that can easily be stolen.
Moreover, credit cards have been installed with double security systems which makes it difficult for credit cards to be used carelessly by irresponsible people. Even if it is lost, millennials just need to report it to the bank so the lost credit card will be blocked immediately.
Online or Offline Shopping, You Can Do Them All
Credit cards can be used for online or offline shopping. When shopping offline, just swipe a credit card to make a payment. No need to count cash, transactions will be completed in seconds. Meanwhile, when shopping online, all you have to do is enter your credit card number. In addition, you can shop at local merchants as well as foreign merchants with a credit card!
The advantage of shopping online and offline with a credit card is that you can arrange a one-time payment or in installments. The nominal payment in the form of installments can also be adjusted according to the amount and time of repayment. By shopping in installments, you will know how to manage finances by paying off credit card installments and meeting other needs. The bigger the installments for each month, the faster the installments will be paid off.
More Practical When Travelling
The very attractive benefit of having a credit card is that it’s easy to use while you’re on vacation. Millennials love to go overseas for vacation, so a credit card is a must have. Certain credit card holders can do shopping transactions in all countries. So, if they want to shop, there is no need to look for a money changer to exchange currency in the destination country. Carrying a credit card is also safer because you don't need to hold a lot of cash that can easily be lost and scattered around.
Cashbacks and Rewards for Each Transaction
It’s safe to say that millennials really love cashbacks and rewards promos. Everytime you make a credit card transaction, the issuing bank will provide rewards in the form of points and cashbacks. Both are very profitable because they can save your expenses. The points awarded can also be collected and exchanged for various items or attractive shopping offers.
For those of you who like to shop, both online and offline, PermataBank offers PermataME Credit. With PermataME Credit, you can stay on trend even though your budget is minimal. Enjoy 50% cashback for your Netflix subscription forever with an accumulation of retail transactions per month of at least Rp 1.500.000. You can also enjoy cashbacks and promos at various trending merchants. Interested in having a PermataME Credit? This credit card registration can be done online via PermataMobile X. So, you don't need to come to the bank.
With the #CantStopME campaign, PermataBank offers various banking products suitable for millennials, from savings, credit cards, mortgage, KTA, to investment. Check the full info here.
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