Using multiple credit cards, a modern financial trend

According to the State Bank of Vietnam, when the economy maintains a double-digit growth rate, credit demand may increase by 18-20%. This not only promotes consumer lending but also creates fierce competition among banks in attracting customers, especially in the card service segment.

Vietnam, with a population of 100 million, is witnessing a boom in the credit card market. As of March 2024, the number of domestic credit cards in circulation reached more than 904,700 cards, an increase of 18.37% over the same period in 2023 - significantly higher than the 9.53% increase of international credit cards. This development reflects the trend of consumers increasingly favoring cashless payment methods, as well as attractive incentive programs from banks.

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Consumers increasingly prefer cashless payment methods.

In addition, a survey on banking services in Vietnam shows that 89% of young people own at least one credit card, compared to only 40% of those over 30. This shows that the modern consumer generation is taking advantage of smart financial tools to control spending and increase benefits when shopping.

Benefits of owning multiple credit cards

Owning multiple credit cards makes it easy for users to allocate spending according to specific needs. Instead of combining all transactions into one card, customers can optimize their budget by using each type of card for different purposes. Cashback cards are suitable for daily expenses such as shopping and dining. Points/miles cards will be used when booking airline tickets and traveling. Free foreign currency conversion cards will provide maximum support for international transactions.

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Owning multiple credit cards makes it easy for users to allocate spending according to specific needs.

With the principle of "don't put all your eggs in one basket", dividing spending by card type helps users easily track and manage payments, avoiding overspending or forgetting payment deadlines.

Increase credit limit, improve personal credit score

Having multiple credit cards not only helps to expand your overall credit limit, but also helps to improve your personal credit score. When customers maintain a low credit utilization ratio relative to their limit, they have the opportunity to access larger loans or apply for premium financial products with more favorable terms.

A good credit score not only gives customers an advantage when borrowing money but also helps them enjoy many preferential financial policies in the future. It can be seen that credit cards today are not only a payment tool but also a financial solution to help customers improve their quality of life.

Optimize financial benefits with Eximbank's diverse credit card portfolio

Recognizing increasingly diverse financial needs, Eximbank constantly upgrades and expands its credit card portfolio, providing customers with flexible, safe payment solutions and optimizing financial benefits.

With Eximbank's cashback cards, each transaction brings practical benefits, helping customers save millions of VND each year. Eximbank Visa Signature offers a cashback of up to VND 2,000,000/month (maximum VND 24,000,000/year), applicable to domestic and international spending. Meanwhile, Eximbank JCB Ultimate offers 5% cashback for overseas spending and domestic dining, 3% for online spending and 10% for spending in Japan.

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Eximbank VISA Signature card is not only a financial tool, but also a symbol of modern and classy lifestyle.

In addition to cashback cards, Eximbank also offers specialized credit card products for each customer group. Eximbank JCB Platinum Travel Cash Back is designed specifically for travel enthusiasts, with unlimited cashback in Japan and other countries. Eximbank Visa Violet is a card line exclusively for women, with up to 10% cashback when shopping online and enjoying promotions on health care and beauty services. For travel enthusiasts, a global travel insurance package of up to 12 billion VND is one of the valuable benefits for international credit cardholders of Platinum class or higher.

Not only providing many privileges, Eximbank credit cards also support 0% installment payment programs at more than 10,000 partners, helping customers easily own high-end technology, interior, healthcare, education and travel products without affecting personal cash flow. In particular, Eximbank applies a policy of refunding annual fees for the first year and exempting fees for the following years if customers achieve the spending turnover according to the conditions.

With 35 years of experience, Eximbank continues to affirm its pioneering position in the field of finance and banking, constantly innovating to bring customers the most modern, optimal and convenient payment solutions.

Vinh Phu