Living in the modern world, owning a credit card offers plenty of benefits and conveniences. With the help of the internet, it helps us makes purchases from a wider selection of products. We can scour the globe for the best deals, no matter what the currency. Furthermore, credit cards better protect us from fraud while making these online transactions, especially compared to debit cards of fund transfers.
Moreover, they also offer other benefits such as discounts, cash-backs, rewards, installment advantages, emergency money, the convenience and safety of cashless payments, and many more.
However, there is a plethora of credit card offers in the market. This can make choosing the best one for you an overwhelming choice as not all credit cards the same. Here’s where we come in to help you!
Tip 1: Pick a credit card that suits your lifestyle
Many people demonize credit cards, claiming the interest rates will increase a person’s financial debt. In reality, interests only occur if there is any unpaid balance after the account’s due date. You do not need to pay a single penny on interests if you pay your balance in full before it is due.
Therefore, picking the best credit card depends more on your lifestyle than the interest rate of the card. The type of features and benefits that a card offers matters.
Credit cards are becoming more personalised, so it would be a waste if you didn’t take advantage of this. You will benefit more by selecting one that matches your lifestyle and purchasing habits. Here are a few examples:
- Avid shopper – Whether you like going to malls (our country is famed for having some of the largest) or prefer finding deals online, a credit card that provides cashbacks, discounts, and rewards every time you spend is a great option!
- Traveller – If you’re an explorer at heart and loves travelling, a credit card that offers air miles for flight ticket redemption is the best.
- Frequent driver – Are you someone who drives around a lot? Does your job require you to go outstation regularly? Maybe you make extra money by being a Grab driver? In cases such as these, a petrol credit card is the perfect one for you.
- Foodie – You may have a favourite restaurant or brand of coffee. Find a credit card which partners with these favourite outlets of yours. That way, you get to earn points, rewards, and discounts every time you dine!
- Movie buff – All major cinema chains in the country — be it TGV, GSC, or MBO – have partnerships with various credit card providers. Some offer discounts on weekdays, while others provide cheap prices on weekdays. There are cards which provide discounts on foods while others offer other perks. This can all enhance your movie-going experience!
Tip 2: Pick an Islamic credit card over a conventional one
Islamic credit cards and Islamic banking in general matched are free from practices that are contrary to Islamic laws. Elements such as interest (riba), overcharging (gharar), gambling (maysir), and immoral practices (zulm) are prohibited.
Compared to conventional banking and credit cards, no money is actually loaned to the client. Instead, the bank will “buy” the item for clients and sell it back to them at a marked-up price. Islamic banking also has no compounding factor to their charges, which means you will know your total liability upfront.
Some of these credit cards also offer takaful coverage to protect the cardholder in the event of death or total permanent disability. They also provide an easy way to make zakat payments
Tip 3: Let us do the matching for you!
If you’re still having problems deciding, then let Assidq.com do it for you! We will match you with the best Islamic credit card offers according to your lifestyle and needs.
All credit cards matched are free from practices that are contrary to Islamic laws, such as interest (riba), and overcharging (gharar) are prohibited.
The service is provided free, simple to use and you will be matched instantly. Apply now and get approved in no time!