New Delhi, Aug. 1 -- Credit cards have evolved far beyond their initial form as plastic cards. They are now integral financial tools that can significantly boost your financial management and lifestyle. Understanding and knowing these key benefits before applying will help you choose the correct credit card designed for your needs.

Below are five key benefits of using credit cards you should know about before applying:

Using credit cards responsibly by making timely bill payments helps build and maintain a strong credit profile. This boosts and improves your chances of securing better personal loans and other financial products in the future.

Most credit cards offer reward programs tailored to meet various distinct lifestyles. For exam...