?? Maximize Your Credit Card Benefits This Diwali: Protect Your Festive Purchases with Purchase Protection! ??

With the Diwali season in full swing, online orders are skyrocketing—everyone is eager to grab the best deals on gifts, gadgets, and essentials! However, the surge in orders can also lead to a higher rate of errors: delayed deliveries, damaged items, or, in some cases, even fake products.

This is where credit cards with purchase protection come to the rescue, ensuring your purchases are backed up with added security.

?? Why Choose Credit Cards for Festive Shopping?

1. Purchase Protection: If an item isn’t delivered, arrives damaged, or turns out to be counterfeit, purchase protection can help you get your money back.

2. Enhanced Fraud Protection: With the rise in online transactions, fraud risks also increase. Many cards offer robust fraud alerts and support.

3. Rewards & Cashback: Maximize the value of each purchase with festive bonuses, cashback, or reward points.

?? The Real Picture: Disputes and Resolutions

According to industry reports, the festive season sees a?20-30% rise in purchase-related disputes, with values often running into thousands per claim. For example, credit card providers report over??500 crore?in claims due to non-delivery or quality issues each year. Companies like?Amex?and?SBI?have resolution rates between?75% and?90%, helping customers reclaim losses.

?? Why It Matters During Diwali: With the surge in orders, delivery errors, delays, and quality issues become more frequent. Credit cards with purchase protection provide a safety net, ensuring you don’t lose out if something goes wrong. So, shop confidently while keeping these protections in mind.

? Checklist for Ensuring Purchase Protection This Season

1. Keep All Documentation: Store order confirmations, receipts, and delivery details.

2. Know Your Card’s Terms: Each provider has specific rules, time limits, and eligibility for purchase protection.

3. Report Quickly: Don’t wait! Most cards require disputes to be raised within 30-90 days.

4. Try Seller Resolution First: Before contacting your bank, make an effort to resolve issues directly with the seller.

5. Initiate a Dispute: If unresolved, contact your credit card issuer with all documents to claim the protection.

6. Follow-Up: Stay engaged and document each step, especially if additional forms or proofs are required.

Trusted Cards with Purchase Protection

- Amex (American Express): Known for customer service excellence, Amex assists with purchase disputes, ensuring strong buyer protection.

- Axis Bank: Many Axis cards offer comprehensive purchase protection for common purchase-related issues.

- SBI and HDFC: Both offer strong coverage, fraud protection, and dispute resolution services.

This Diwali, shop smart, stay safe, and let your credit card benefits work for you!

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