Tips for making the most of credit card benefits

Customers are increasingly favoring credit cards due to their enhanced features that align with contemporary spending patterns. Nonetheless, optimizing the advantages and rewards of credit cards is a problem for numerous customers.

Utilize the following notes to maximize the benefits of credit cards and enhance expenditure management!

1. Plan your spending reasonably; take advantage of incentives when opening a new card

Typically, credit cards permit cardholders to incur expenses initially and settle payments later without interest for a maximum of 55 days. Because of this, customers should make a smart budget and use credit cards for shopping and transactions during this good time, especially at the beginning of the billing cycle, so they have time to confirm their final balance and set aside money for other important expenses.

Credit cards are gaining popularity due to their ease, flexibility, and cost efficiency

Moreover, several banks implement exclusive incentive programs for users acquiring credit cards for the first time, including the provision of bonus points, discount codes, and a waiver of the initial annual charge to express appreciation and motivate card usage.

At National Citizen Commercial Joint Stock Bank (NCB), customers who open a new Platinum Visa card between now and December 31, 2024, will receive an immediate return of VND 880,000 upon reaching total expenditures of VND 8,800,000 within the first 45 days of card issuance. The reimbursement amount for Classic and Gold cards is VND 660,000, applicable to total expenditures of VND 6,600,000 or more. Because of this, NCB Visa cardholders who shop and make purchases during this time can get the biggest refund, which increases the benefits for consumers when they use and activate the card.

Cardholders should plan their spending reasonably to make the most of the card's benefits and incentives

Additionally, NCB has implemented a preferential policy for nationwide access to business lounges for Platinum Visa cards. From now until April 10, 2025, customers possessing an NCB Visa Platinum card who spend VND 20 million on goods and services using the NCB Visa Platinum credit card within a three-month period will receive one voucher for complimentary access to services at 23 business lounges across the Song Hong Business Lounge network. Customers can receive a maximum of three vouchers per quarter, which they can use in the subsequent quarter to enjoy unrestricted access to all lounge amenities, such as a variety of appealing food counters, contemporary entertainment screens, newspapers, magazines, and professional workspaces, without incurring any additional charges.

Consequently, if you have imminent job or trip commitments, NCB members can utilize credit cards presently to reap the advantages of spending initially, deferring payment, and accruing vouchers for NCB's business lounge.

2. Regularly update card benefits

Credit card offers possess specific time constraints and application requirements; therefore, cardholders must consistently monitor updates about timing, location, and eligibility criteria to register promptly and capitalize on appealing promos and cashback initiatives.

To facilitate customer access to a comprehensive array of incentives, maximize card benefits, and promote effective savings, NCB has introduced a dedicated incentives website: https://uudai.ncb-bank.vn/. This informative channel enables the bank to consolidate exceptional programs, assisting customers in swiftly identifying and selecting the most suitable incentives to maximize their benefits.

As a result, cardholders who like to travel can easily learn about the benefits, such as getting discounts of up to 30% when using the NCB Visa card for spa services, dining, and golf at top resorts across the country, and discounts of up to 8% (capped at VND250,000) when using the KKday travel e-commerce platform, among other things. Expend liberally while concurrently enhancing financial efficiency.

Ensure you update your card benefits to register promptly and take advantage of appealing incentives!

Cardholders with a penchant for gastronomy and retail can readily access consumer promotions, including a 20% discount at Golden Gate's restaurant network; discount codes and cashback on purchases via Shopee and ShopeeFood; a VND 1,000,000 discount on the iPhone 16 series at https://fptshop.com.vn and FPT Shop locations; a 15% discount (up to VND 500,000) at Hoang Ha Mobile; and appealing offers for travel and delivery services through XanhSM, among others, enabling them to procure desired products at more economical prices.

3. Buy in installments with a 0% interest rate

Using credit cards' installment payment option is another way to help customers save money when shopping. Cardholders may opt to partition the total sum into smaller payments over a duration of 3, 6, 9, or 12 months to accommodate their personal and familial budgetary constraints.

Most banks impose an extra installment conversion fee, often ranging from 3% to 7% of the order value, payable in a single installment during the initial month. From now until December 31, 2024, NCB Visa cardholders will receive a 30% savings on installment transaction conversion fees and benefit from a favorable interest rate of 0% when making purchases and opting for installment payments using an NCB credit card. Moreover, customers get the option to settle their purchases prematurely without incurring any additional installment conversion cost post-payment. The promotion is applicable to transactions with a minimum payment of VND 1 million, with no restrictions on the frequency of participation during the campaign.

Utilizing the installment payment option will enable Visa cardholders to conserve a substantial sum of money

Consequently, for customers requiring regular installment payments or purchasing high-value items, this NCB offer will facilitate substantial savings while enhancing the expenditure experience.

For more details or support in opening a credit card at NCB, customers can contact the bank's transaction offices/branches nationwide or hotline (028) 38216216 - 18006166.