There are still many people who think that having a credit card will only make life more wasteful. Moreover, the existence of credit cards makes the desire to shop even greater, especially for the millennial generation who tend to find it difficult to manage their finances because they still prioritize a luxurious lifestyle. In fact, the presence of a credit card can actually be a financial helper for the millennial generation, you know. So that you don’t get me wrong again, consider the following 5 benefits of credit cards for the millennial lifestyle!
Set Monthly Budget? Practical!
The first benefit of a credit card for the millennial lifestyle is being able to set a monthly budget practically. When you make a credit card, you will get a monthly bill that must be paid. The invoice contains detailed reports of transactions made using a credit card for the past month. From this report you can assess their personal financial condition.
Especially if they are buying goods with an installment scheme, they must be more careful in managing the use of money so they are not tormented by having to pay installments and make ends meet. However, it’s best to finish the installment immediately so that the interest expense doesn’t swell.
Shopping Without the Need to Withdraw Cash
Want to shop but don’t have cash anymore? Take it easy because you have a credit card! One of the benefits of credit cards for the millennial lifestyle is that it makes shopping easier without the hassle of withdrawing cash. Shopping with a credit card is also safer than easily stolen cash.
Moreover, credit cards are covered with double security which makes it difficult for credit cards to be used carelessly by irresponsible people. Even if it’s lost, millennials just need to report it to the bank in question to immediately block the card in a short time.
Online or Offline Shopping , Everything Can
Credit cards can be used for online or offline shopping . When shopping offline , just swipe the credit card to make payments. No need to count cash and transactions are completed in seconds. Meanwhile, when shopping online , all you have to do is enter your credit card number. Besides that, you can shop at local merchants as well as foreign merchants with a credit card!
The advantage of shopping online or offline with a credit card is that you can arrange a one-time payment or in installments. The nominal payment in installments can also be adjusted according to the amount and time of repayment. By spending in installments, you will know how to manage finances in paying off credit card installments and meeting other needs. The bigger the installments paid, the faster the installments are paid off.
practical to take on vacation. A very attractive benefit of a credit card is that it is practical to take on vacation. Millennials love to vacation abroad, so they must bring a credit card. Certain credit card holders can make shopping transactions around the world. So, if they want to shop practically, they don’t have to bother looking 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 which is easily lost and scattered everywhere.
Abundant Cashback and Rewards for Every Transaction
You could say, millennials really love cashback and rewards promos . Every time you make a transaction with a credit card, the issuing bank will provide rewards in the form of points and cashback. Both are very profitable because they can save expenses. The points given 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 , Permata Bank comes with Permata ME Credit . With Permata ME Credit , you can still exist even though your budget is minimal. Enjoy 50% cashback for a Netflix subscription forever with only an accumulated monthly retail transaction of at least IDR 1,500,000. You can also enjoy cashback and promos at various current merchants . Want to have Gems ME Credit ? This credit card registration can be done online via Permata Mobile X. So, you don’t need to come to the bank anymore.
Together with the #CantStopME campaign, Permata Bank offers a variety of banking products suitable for millennials, from savings, credit cards, mortgages, KTA, to investments.