How to start contactless payment on your credit card

Choosing the best credit card for your lifestyle can seem daunting given the numerous options available. Whether you’re looking for rewards, low interest rates, or specific benefits like contactless payments, it’s crucial to find a card that aligns with your financial habits and goals. Here’s a guide to help you make an informed decision.

Identify Your Spending Habits

1. Evaluate Your Expenses

The first step in finding the best credit card is to evaluate your spending habits. Look at your monthly expenses and categorize them. Do you spend more on groceries, dining out, travel, or gas? Identifying where you spend the most will help you choose a card that offers the best rewards in those categories.

2. Consider Your Payment Patterns

Are you someone who pays off their balance in full every month, or do you tend to carry a balance? If you pay in full, a rewards credit card might be best for you. If you carry a balance, you might prioritize finding a card with a low-interest rate.

Types of Credit Cards to Consider

1. Rewards Credit Cards

Rewards credit cards offer points or miles on your purchases. These cards are ideal if you want to earn benefits from your regular spending. Look for cards that offer higher rewards rates in the categories where you spend the most.

2. Travel Credit Cards

Travel credit cards offer points or miles that can be redeemed for travel-related expenses such as flights, hotels, and car rentals. If you travel frequently, these cards often come with additional benefits like travel insurance, airport lounge access, and no foreign transaction fees.

3. Cashback Credit Cards

Cashback credit cards give you a percentage of your spending back as cash. These cards are straightforward and beneficial if you prefer a simple rewards structure.

4. Low-Interest Credit Cards

Low-interest credit cards are ideal if you plan to carry a balance or if you want to consolidate debt. These cards typically offer lower APRs and may have introductory 0% interest periods.

5. Contactless Credit Cards

Contactless credit cards allow you to make payments by simply tapping your card on a compatible reader. This feature is convenient for quick transactions and can be more secure than traditional swipe or insert methods. If you value speed and convenience, look for the best credit card that offers contactless payments.

6. Commercial or Business Credit Cards

If you want to use a card for business-related expenses, a commercial card is ideal. Achieve savings on your business travels and expenses and easily manage payments for your purchases.

7. Secured Credit Cards

Usually, you must fulfil basic requirements to be eligible for a Credit Card. These requirements include a certain minimum income and a good credit score. Individuals like homemakers, self-employed individuals, small business entrepreneurs, etc., may not be eligible to receive a Credit Card due to lack of monthly income. In such cases, customers can opt for a Secured Credit Card. Banks typically issue such types of Credit Cards against a Fixed Deposit (FD). You may get a Secured Credit Card without furnishing your income proof or credit score details. The credit limit is usually equivalent to the FD value and your FDs will continue to earn interest. If you default on your payments, the bank will deduct the equivalent amount from your FD.

8. Lifestyle Credit Cards

Lifestyle Credit Cards provide offers and benefits on various lifestyle related expenditures. You can enjoy offers on shopping, dining, travel and more. Additionally, you can earn exciting rewards with your Credit Card spends.

Features to Look For

1. Sign-Up Bonuses

Many credit cards offer sign-up bonuses if you spend a certain amount within the first few months. These bonuses can provide significant value, especially if you have large upcoming purchases.

2. Annual Fees

Consider whether the annual fee is worth the benefits you’ll receive. Some cards with higher fees offer substantial rewards and perks that can offset the cost, while others might be more suited to those who prefer no annual fee.

3. Interest Rates

Compare the APRs (Annual Percentage Rates) of different cards. If you carry a balance, a card with a lower interest rate can save you money on interest charges.

4. Rewards Rates

Look at the rewards rate for different categories. Some cards offer higher rates for specific categories like travel, dining, or groceries. Choose a card that matches your spending habits.

5. Additional Benefits

Consider any additional benefits such as purchase protection, extended warranties, travel insurance, and concierge services. These perks can add significant value to your card.

Tips for Maximizing Your Credit Card Benefits

1. Use Your Card Regularly

To maximize rewards, use your credit card for everyday purchases. Just make sure you’re not overspending to earn rewards.

2. Pay Your Balance in Full

Paying your balance in full each month helps you avoid interest charges and keeps your credit utilization low, which can positively impact your credit score.

3. Take Advantage of Introductory Offers

Many cards offer 0% APR on purchases and balance transfers for an introductory period. This can be beneficial if you need to make a large purchase or transfer a balance from a higher-interest card.

4. Monitor Your Spending

Regularly review your statements to track your spending and ensure there are no unauthorized charges. Many credit cards offer online tools and mobile apps to help you manage your account.


Choosing the best credit card requires careful consideration of your spending habits, payment patterns, and the specific benefits you value. Whether you’re looking for a contactless credit card for convenience or a rewards card to earn points on your purchases, understanding your needs and comparing different options will help you find the perfect card. By using your credit card responsibly and taking advantage of its features, you can enjoy the many benefits it offers while maintaining financial health.

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