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Credit Cards - Apply Online, Compare & Choose the Best

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A credit card is a plastic card issued by a bank that allows you to borrow money from the bank so that you can purchase whatever you want. May it be buying a meal from McDonald’s or a flight ticket to Switzerland, you can use your credit for anything that you like. As long as you repay the amount you borrow before the next billing cycle starts, you will not have pay any excess amount. Credit Cards are a boon for anyone who does not love to carry cash around.

What is Credit Card?	Credit Card-Apply Online	How to use a credit card?	Compare & Apply Credit Cards
Features of Credit Cards	Benefits of Credit Cards	Apply Credit Cards in India	Document Required to Apply Credit Card

Credit Card Apply

Compare & Apply Credit Card Online

The launch of credit cards has revolutionised the entire financial world. These small plastic cards may not look important but they have a significant impact on the economy. Due to the convenience offered by this financial tool along with a plethora of other advantages that it provides, more and more individuals are applying for and procuring credit cards. Unlike debit cards, credit cards work on the principle of credit i.e., individuals borrow funds when they swipe their credit card and repay the same through their monthly bills. However if misused, credit cards can result in a serious dent in the individual’s finances as interest rate will be applicable on late payments.

A multitude of banks and financial institutions today provide credit cards to their customers. The number of credit cards that are provided also vary and each of them come with specific benefits and features to suit the needs and requirements of myriad customers. Customers can apply for credit cards through different ways as long as they meet the eligibility requirement set by the credit card provider. These days, customers can easily get a credit card online as well as offline.

Credit Card-Apply Online

With the coming in of the internet, almost everything today has gone digital and so have banks and financial institutions. In case customers wish to apply for a credit card, they can do so online as online credit card application is highly popular and also convenient. In fact, getting online credit card has become even easier. In order to do so, customers will have to follow the steps given below -

Individuals will have to visit the official website of the bank and apply credit card online of their choice, as long as they meet the eligibility criteria.
Customers can also e-mail the bank if necessary in order to avail a credit card.

Another convenient online credit card application can be made through financial websites such as BankBazaar.com. In order to do so, the following steps will have to be taken -

All customers will have to do is to visit the BankBazaar website and choose ‘Credit Cards’ which will be on top of the page.
They will then be taken to another page wherein they will see a list of available credit cards. Customers also have the option to filter the list based on the name of the bank and other criteria.
They will then have to click on the card that they wish to procure and select the ‘Check Eligibility’ link.
The provided questions will have to be answered and if the customer meets the required criteria, they click on the ‘Instant Apply’ button, fill up the form and submit it.

Apply for Credit Card Offline

Another option that can be availed is applying for a credit card offline. In order to do so, the steps given below will have to be followed -

This can be done by visiting a branch of the bank that the customer wants to avail a credit card from.
Applicants will be asked to fill the necessary forms and in case they meet the required eligibility criteria, they will be able to avail the said credit card.
Alternatively, you can also approach the banks by calling their support centres which are typically available 24/7 on all days of the week.

Bankbazaar Credit Card Special Offers:

Super Duper Deals by BankBazaar:

Apply for a credit card to avail Amazon gift voucher worth upto Rs.1000
The voucher will be given on approval of the card application
Offer valid from July 1, 2018 to July 31, 2018

Axis Bank Privilege Credit Card:

50% waiver on Joining Fee
This is applicable for all the customers
The offer is valid till further notice

American Express Gold Card:

No Annual fee for the first year
This is applicable to special corporates
The offer is valid till further notice

American Express Platinum Reserve Credit Card:

No Annual fee for the first year
This is applicable to special corporates
The offer is valid till further notice

HDFC Bank Regalia Card:

No Annual Fee
This is applicable for special corporate customers
The offer is valid till further notice

HDFC Bank Regalia First Card:

No Annual Fee
This offer is applicable for special corporate customers
The offer is valid till further notice

HDFC Bank Money Back Card:

No Annual Fee
This is applicable for special corporate customers
The offer is valid till further notice

IndusInd Bank Credit Card

No joining fee charged on spending Rs.25,000 within 3 months of card issue date
Fees charged will be credited to the card within the 5th month
The offer is valid till further notice

IndusInd Bank Platinum Card:

No Annual fee for the first year
This is applicable for all the customers
The offer is valid till further notice

IndusInd Bank Platinum Aura Edge Master Card:

No Annual fee for the first year
This is applicable for all the customers
The offer is valid till further notice

IndusInd Bank Platinum Aura Edge Visa Credit Card:

No Annual fee for the first year
This is applicable for all the customers
The offer is valid till further notice

Credit Card Fees and Charges

The joining fee and annual fee on credit card are two important things you need to consider while opting for a credit card. Listed below is the joining fee and annual charged on various credit cards.

Card Name	Joining fee*	Annual fee*(Year 1)
Standard Chartered Manhattan Credit Card	Rs.499	Nil
SBI Simply Click Credit Card	Nil	Rs.499
Standard Chartered Platinum Rewards Credit Card	Nil	Rs.399
Citibank Cashback Credit Card	Nil	Rs.500
Standard Chartered Super Value Titanium Credit Card	Nil	Rs.499
Amex Gold Card	Nil	Rs.1,000
Yatra SBI Credit Card	Nil	Rs.499
Amex Platinum Travel Credit Card	Nil	Rs.3,500
SBI Signature Credit Card	Nil	Rs.4,999
IndianOil Citi Platinum Credit Card	Nil	If the annual spend is less than Rs.30,000, an annual fee of Rs.1,000 is charged.

*Taxes will be levied as applicable on these charges. The charges in the table are subject to change based on future revisions implemented by the banks

Compare Credit Cards from Top Banks in India:

Bank	Interest Rate	Joining Fee
State Bank of India	40.2% per annum	Some cards have no joining fee. Depends on the kind of card one is applying for.
HDFC Bank	Ranges between 38-42% per annum	Depends on the card one is applying for.
American Express	Ranges between 40-47.88% per annum	Rs.199 onwards
IndusInd Bank	Up to 46% per annum	Up to Rs.5,999
CitiBank	Ranges between 38-42% per annum	Some cards have no joining fee. Depends on the kind of card one is applying for.
Axis Bank	Up to 39% per annum	Rs.500 onwards
Kotak Mahindra Bank	Up to 39% per annum	Some cards have no joining fee. Depends on the kind of card one is applying for.

Note – The rates/fees and charges may be changed by the banks at any time.

Understanding Credit Card Numbers

There are 16 digits on every credit card. The very first digit present on a credit card signifies its system. 3 stands for travel or entertainment car, 4 stands for Visa card, 5 stands for MasterCard and 6 stands for Discover Card.

The card number structure varies by the system. For example a Diners Club card will start with 38, whereas, the American Express cards will start with 37.

American Express – The third and fourth digit specify the type and currency. Starting from the fifth digit till the eleventh digit is the account number. From the twelfth digit till the fourteenth digit is the card number within the account. The fifteenth digit is a check digit.

Visa – From the second digit till the sixth digit is the bank number. From the seventh digit till the twelfth digit or from the seventh digit till the fifteenth digit is the account number. The thirteenth digit or the sixteenth digit is the check digit.

MasterCard – The second and third digit, the second digit up to the fourth digit, the second digit up to the fifth digit or the second digit up to the sixth digit is the bank number. This depends if the second digit is 1,2,3 or anything other than that. The digits after bank number up to the fifteenth digit are the account number. The sixteenth digit is a check digit.

How to Use a Credit Card

It is very easy to use a credit card. When banks issue a credit card, they create a revolving account for that card. Once the customers receive their credit cards, they can use it to make purchases on credit. This credit is actually the amount that cardholders have borrowed from the card issuer. They have to repay the outstanding amount at the end of every billing cycle. There is a limit on the amount of credit that one can use and cardholders should make sure they don’t exceed this limit.

To make payments using their credit cards, cardholders have to simply get their cards swiped at merchant stores and authenticate the transaction by entering their PIN number. Some credit cards do not require you to enter a PIN number. If you are using your card to make online payment, make sure the website is a secure one. Enter your credit card details on the checkout section and authenticate the payment by entering the PIN or OTP (One Time Password).

Features of a Credit Card

Banks offer amazing features on their credit cards. These features vary depending on the card provider and the type of credit card that people purchase. Some of them are as follows:

Accepted Globally – Today, most credit cards that are issued in India are international cards and are accepted by various merchants all over the world.

Balance Transfer – Credit cardholders can transfer the outstanding balance of their existing cards issued by one bank to the credit card account of another bank. Doing so helps them in saving money and repaying the amount at a low rate of interest. Banks offer various balance transfer options to their cardholders, which allows them to repay the amount on a monthly basis within a tenure of their choice.

Instalment Payment Plan – Many banks offer the instalment payment option to their cardholders. This feature allows cardholders to convert their transactions into monthly instalments. Cardholders can choose the tenure for their EMI plan. Generally, these plans have very attractive interest rates. There are some banks that offer 0% instalment payment plans to their customers.

Loans on Credit Cards – Some credit cards offer pre-approved loans to their holders at low interest rates.

Utility Bill Payment – Credit Cards have made it easy and quick for people to pay their utility bills. Using their cards, cardholders can pay all their utility bills online at one go.

Alerts – Credit cardholders receive bill payment reminders via SMS and e-mail from their banks every month, which helps them in not missing out on their monthly payments.

E-statement – Most banks today provide e-statements to their credit cardholders at the end of every billing cycle. Cardholders can access this statement at any time online.

Joining Fees – When customers apply for a credit card, they have to pay a certain amount for enrolment, known as the joining fee. There are certain cards that do not have any joining fee as well.

Annual Fees – Every credit cardholder have to pay a fixed amount to renew their card every year. This amount is called the annual fee or renewal fee. This amount varies depending on the card that a person opts for. Some banks waive this fee for their customers for a period of minimum 1 year as benefit for achieving certain spends milestone.

Lifetime Free Card – There are some banks that offer lifetime fee credit cards, which means cardholders do not have to pay any annual fee for these cards.

Lost Card Liability – Many banks offer lost card liability coverage to their credit cardholders. This feature protects the cardholders from fraudulent transactions that made using their cards after they have reported its loss to their card provider.

Insurance Coverage – Some banks offer insurance protection on certain credit cards they offer. For example – travel insurance, life insurance, etc.

Cash withdrawal facility – Credit cardholders can use their cards to withdraw money from ATMs. Banks charge a small fee for the service and cardholders can instantly avail money in any part of the world.

24x7 phone banking Service – Banks offer 24x7 phone banking service to all their credit card holders. Some banks have a separate helpline number for their cardholders. Cardholders can contact on this number to get any assistance related to their card. For example – They can contact the department to avail concierge services, make card replacement requests, report loss of cards, etc.

Credit Card Bill Payment – Banks allow their credit cardholders to pay their credit card bills online and offline. Cardholders can use NEFT, Internet Banking, Cash, Cheques, etc. facilities to pay their bills.

Benefits of a Credit Card

Welcome Gift – Many banks offer a welcome gift to new credit card applicants once the card is issued to them. This gift can be in the form of bonus points, gift vouchers, discounts, etc. The welcome gift differs depending on the card and the bank.

Rewards Program – All credit cards generally have a reward program, which allows cardholders to earn reward points on every transaction they make using their cards. The amount of points that cardholders can earn per transaction is fixed and differs from card to card. The points that card members collect can be redeemed for various gifts that are listed in the rewards catalogue of the cards. These gifts can be discounts, product, services, cashback offers, etc. Some credit cards allow card members to redeem their points against air miles and cash as well.

Fuel Surcharge Waiver – Many banks offer fuel surcharge waiver to credit cardholders when they spend specific amount of money on fuel every month. This offer is available on fuel transactions made at all Indian petrol bunks.

Cashback Benefits – There are certain credit cards that offer cashback benefits to the customers. The amount of cashback that will be offered depends on the provider.

Lifestyle Benefits – Cardholders can enjoy various lifestyle benefits on their credit cards. Lifestyle benefits include dining, shopping, golf, wellness, entertainment, etc. privileges.

Travel Benefits – This is one of the major reasons for credit cards being so popular among people. There are some credit cards that offer amazing travel benefits to the customers. Travel benefits include air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc.

Airport Lounge Access – Some credit cards offer complimentary airport lounge access to the cardholders. The offer varies from one bank to another. Some banks put a limit on the number of visits, while some others allow access only to Indian airport lounges.

Exclusive Privileges from Visa/American Express/MasterCard – Visa, MasterCard and American Express are three popular and recognized credit card variants. Depending on the variant of your card, you can enjoy exclusive lifestyle, travel, etc. offers from MasterCard/Visa/American Express.

Add-on Cards – Many banks allow their credit cardholders to apply for add-on cards for their immediate family members. Most card issuers offer add-on cards for free, but some of them limit the amount of add-on cards that one can apply for. Cardholders can enjoy all the privileges of their primary cards on their add-on cards.

Air Miles – Certain credit cards such as travel or Airline cards offer Air Miles to their customers. These miles can be JPMiles, Air India Air Miles, etc. Cardholders can collect these miles and redeem them to avail flight tickets and other travel benefits.

Credit Card Grace Period

Most credit cards provide a grace period to the cardholders. Grace period is the time given to credit cardholders to pay off their credit card bills without incurring any interest on the outstanding amount. Grace period is also known as interest free credit period. The time period varies depending on the banks and the type of card. Generally, banks provide a minimum grace period of 20 days to their cardholders, starting from the day they receive their credit card bills. In India, most banks offer a maximum grace period of 50 days.

Compare Credit Card Reward Points

Bank	Reward Points
Citibank	Travel Rewards – Up to 10 miles per transaction. Up to 10,000 bonus miles a year. Reward Points – Up to 10 points per transaction. First Citizen Points – Up to 7 points per transaction. Turbo Points – Up to 4 points per transaction Cashback – Up to 5% cashback on transactions.
IndusInd Bank	Reward Points – Up to 4 points per transaction. SpendMiles and PartnerMiles – Up to 3 per transaction. JP Miles – Up to 75,000 Miles a year. FlightMiles – Given based on the percentage of the ticket price. Savings Point – Up to 4 points per transaction.
Kotak Mahindra Bank	Reward Points – Up to 10 points per transaction. Saving Points – Up to 10 points per transaction. Dining Points – Up to 10 points per transaction.
HDFC Bank	Reward Points – Up to 8 points per transaction. More than 2,880 bonus points a year. JPMiles – Up to 30,000 Bonus Miles. Up to 18 miles per transaction. JP Tier Point – 1 point on reaching certain milestone. Amazing Cashback and Discount offers on certain cards.
Axis Bank	Reward points – Up to 20 points on spends. eDGE Reward Points – Up to 20 points on spends. CV Points – Up to 6 points on spends. Award Miles – Up to 6 miles on spends.
American Express	Membership Points – 1 points for transactions. Up to 11,000 bonus points on joining. PAYBACK Points – Up to 5 points on transactions. JP Miles – Up to 16 miles on transactions.
State Bank of India	Reward Points – Up to 20 points on transactions. Up to 1,00,000 bonus points a year. Empower Points – Up to 500 points on achieving milestone.

Note – The above mentioned rewards can be changed at any time by the banks, only the top rewards have been mentioned in the table. The banks offer other rewards besides these on their cards such as discount offers, cashback offers, etc.

Documents Required to Apply for a Credit Card Online

Applicants can submit any one of the ID proof, address proof and income proof documents listed below

Proof of Identity/ID proof	Proof of Address	Proof of Income (For Salaried)	Proof of Income (For Self-Employed)
Passport PAN Card Ration Card Aadhaar Card Voter’s ID Card Driving License	Telephone Bill Electricity Bill Passport Ration Card Rental Agreement Aadhaar Card	Salary Certificate Recent Salary slip/s Employment Letter	Certified Financials Recent ITR (Income Tax Returns) Statement Audited Profit and Loss Statement or Balance Sheet Proof of business continuity

Apart from the above mentioned documents, banks can ask the applicants to submit other documents, if required.

Credit Card Eligibility

The eligibility criteria for credit cards differs depending on the card you are applying for and the bank providing it. Most banks require the applicants to be at least 18 years old and earn a certain amount of income annually to apply for a card.

Why to Apply for a Credit Card Online through BankBazaar

BankBazaar has made the process of comparing and applying for personal financial products very easy. The website has a user-friendly interface that allows people to navigate easily without getting confused at all. There are many reasons for applying for a credit card through BankBazaar. Some of them are as follows:

Simplifies the application process – BankBazaar has simplified the credit card application process for Indians. Now, you do not have to visit the bank’s outlet or every bank’s website to compare cards and then apply for them. You just have to make a few clicks and you can get the same done online on BankBazaar website in no time.

Compare – Before buying any personal finance products, it is advisable that you compare them. The process of comparing these products can be tedious and a lot of people tend to avoid it, which leads to them buying products that do not benefit them. To solve this problem, BankBazaar introduced a platform where people can compare credit cards offered by different banks online at one place. This not only helps them in making an informed decision, but also in getting the best credit card available in India.

Apply – After comparing the credit cards, you can easily apply for the card you like on BankBazaar’s website itself. You can find the cards you are eligible for easily and then click on the ‘Instant Apply’ button that is present next to the card of your choice. You can then fill up the application form and submit it online and within 30 minutes you will get a response.

Information – On the website of BankBazaar, you can find every single detail about credit cards. Besides this, the site also provides you with the latest credit card news and keeps you updated about the happenings in the Indian financial market.

24x7 Support – Apart from the above, BankBazaar provides 24x7 support to all its customers throughout the year.

How to calculate EMI for Credit Cards

Credit Cardholders can choose to convert certain transactions of theirs into monthly instalments. Card providers allow customers to choose the repayment period for their EMI (Equated Monthly Instalment) plans. Some banks nowadays offer 0% interest instalment payment plans to their credit cardholders. According to this plan, no interest is charged on the monthly instalments, which means cardholders have to pay the principal amount in parts within the tenure they have chosen.

Some banks charge a low interest rate on the EMI plans of credit cards. In this case, the EMI amount comprises of the principal amount and the interest rate. So, every month cardholders are supposed to repay this amount, until they clear off their debt. They can calculate their instalment amount per month before applying for the plan by using an EMI Calculator online. This calculator will help them in figuring out how much they will be paying every month if they opted for a certain EMI plan. To use the EMI calculator, they have to simply enter details like the interest rate, principal amount and the tenure in it.

Credit Card Interest Rates

Banks charge a particular percentage as the interest rate on the borrowed amount and this is applicable if the monthly outstanding amount has not been repaid by the card holder. The interest rate is calculated as the Annual Percentage Rate (APR) and always depends on the type of credit card held. The applicable finance charges are determined on a monthly interest rate percentage and is generally calculated on the average daily balance basis for credit cards. While picking up a credit card, customer can always compare the APRs offered on each card and then choose according to their requirements. Customers who can make regular monthly repayments, can choose credit cards with rewards programs and travel loyalty programs. These type of credit cards tend to have a slightly higher APR. If a customer is looking for flexibility with regards to payments and mainly for purchases, then a credit card with a lower APR should be taken. The APR is always determined based on the applicant’s credit score by any financial institution. All banks offer an interest free period ranging from 20 to 50 days to credit card holders as an additional feature.

Credit Card FAQs

What is a credit card?
A credit card can be used to purchase services and goods on borrowed credit from the bank that has issued the card. Every credit card comes with various privileges and benefits to suit the lifestyle of a customer.
What are the key benefits that Premium credit cards offer?
Premier credit cards are signature cards from banks which come with flexible spending limits, lifestyle privileges, travel benefits, cashback offers, VIP lounge access, concierge services emergency assistance and complimentary insurance cover. Most premium credit cards can be procured only through invitation.
How is redemption done on a cashback credit card?
The cashback that is earned by a customer can be automatically got as statement credit from the bank.
How is a secured credit card issued by a bank?
A secured credit card is generally issued against a fixed deposit, which has been placed by the customer while availing the card. Any minimum amount due or late payment fee that has to be paid will be taken from the deposit. Secured credit cards help customer build a good credit history
How does a prepaid credit card work?
A prepaid credit card works like a debit card, where the money is taken from an account associated with the card. Users can load cash on the prepaid credit card and can spend up to the available amount limit on the card.
What are the features of a Business credit card?
Business credit cards come with features like business savings plans, rewards programs, cash advance facility, lounge access and customers can also get their company name embossed on the card.
How can a customer select the best suited card for himself?
Any customer should select a credit card according to his everyday needs and lifestyle requirements. The privileges offered with a particular credit card should be beneficial and should add value to a customer.
Can a credit card be procured by any individual in India?
A credit card can be procured by an individual with a regular income and also having a good credit score. Most banks mandate that applicants should be above a certain age limit and should also meet a stipulated income criteria.
What is the minimum criteria for applying a credit card in India?
The minimum requirement to be met while applying for a credit card would be the age criteria. According to the bank, the age criteria varies from 18 to 21 years for a credit card approval to be got.
What are the key benefits of the balance transfer option on a credit card?
Customers can easily consolidate multiple credit card balances onto a single card and repay back with flexible tenure options at low interest rates.
Do banks levy any balance transfer fees on customers choosing this option on their credit cards?
Yes, most banks generally levy a certain percentage as processing fee, when a balance transfer on a credit card is done. The processing fee varies with different banks and customers have to pay this amount with the first monthly instalment.
How can users check the available credit on their credit cards?
Credit card holders can refer to their monthly statements to get the available credit limit. The other options offered to customers are via SMS banking or internet banking services. All banks provide these facilities, where customers can check the available credit by sending an SMS and receiving an alert or by accessing the statements on their internet banking accounts.
What are the highlights of the introductory period of a credit card balance transfer?
When a credit card balance transfer is done, every bank offers an interest free introductory period to the credit card holder. This interest free payment period ranges from 3 to 6 months after which the card holder has to repay the instalments with an additional interest rate.
What are the type of purchases that can be made using a credit card?
A credit card can be used to purchase goods, book travel tickets, perform online transactions and also make reservations for services.
Do credit card issuers in India offer co-branded credit cards?
Yes, there are various co-branded credit cards available in the market from different card issuers. The privileges available in a co-branded credit card are generally determined by the issuing bank.
Can customers increase the predetermined credit limits on their credit cards?
Yes, most banks give the option of increasing the credit limit available based on the usage pattern. Sometimes the banks might automatically increase the credit limit after reviewing the customer’s spending pattern. Otherwise if a cardholder wishes to increment the credit limit, then a special request has to be placed with the concerned bank.
What is a Purchase introductory rate?
The purchase introductory rate is the low interest rate that is offered during the first few months of the credit card usage. This introductory rate is generally given to customers with good credit scores. These rates might be applied only to purchase transactions or balance transfers done by the card holder.
Do credit cards come with specific cash withdrawal limits?
Yes, most credit cards come with preset cash withdrawal limits, which is generally communicated by the bank to the customer at the time of approval. Banks might also levy additional withdrawal charges on every transaction done at an ATM within India or abroad.
How does a credit card work as a cashless payment instrument?
A credit card is a payment card issued by a particular bank for customers looking to avail instant credits to easily purchase goods and services without spending a single penny from their pockets. The bank extends a line of credit with which the user borrows money, to be paid to a merchant. The cardholder is required to pay back the borrowed sum of money subsequently to the lender bank along with extra interest rates.
How do I own a credit card in India?
Customers need to get in touch with an executive from a bank of their choice and submit a filled-in application form with the required documents. The bank will process your application after appraising your credit history and will then approve the new credit card according to your requirements.
How important is it to understand the interest rate charged by a bank on a particular credit card?
In India, banks charge the highest rate of interests for credit cards, from 36% to 42% per annum. A bank decides the interest rate for a particular customer based on his credit history, financial capability and also depending on the type of card he chooses. Applicants with good credit scores and regular payment patterns get the best deals on their credit card interest rates.
What are the different payment networks utilized by banks in India for credit card transactions?
Banks in India have tied up with Visa, MasterCard and American Express (AMEX) to process credit card payments, connecting merchant accounts with the acquiring banks.
What are the eligibility requirements to be fulfilled while acquiring a credit card?
In India, banks generally offer credit cards to individuals above the age of 21 and with a steady monthly income. As part of their verification process, banks do a deep dive into the customer’s credit history and assess previous payment patterns to understand the customer’s financial situation. Only after ensuring that the applicant has the financial capability to repay the expenses incurred using a credit card, will the bank approve the customer’s application.
Is there a minimum salary criterion required to be met while applying for credit cards in India?
Yes, in India applicants are required to earn a minimum of Rs 75,000 to 1 Lakh per annum, though this criterion varies depending on the type of the card.
What does APR refer to with respect to a credit card?
Annual Percentage Rate (APR) or the ‘’cost’’ at which a customer takes credit from a bank, is the simple interest rate charged by a bank on expenses incurred on a credit card for a year.
Do banks levy any charges for late payment of credit card bills?
The best mantra while managing a credit card is to ‘’Pay as and when you can”. Delaying a credit card payment is not a wise option, as banks tend to impose high late payment fees and gradually increase the interest rates charged. The customer would actually end up paying way more than his original purchase amount.
Do add-on or supplementary cards carry the same features as their primary credit cards?
Add-on cards can be taken for family members of the primary card holder with extra charges anywhere between Rs 125 to Rs 1000. The credit limit of the primary card gets carried over to the new card with similar features. Also customers can get a comprehensive bill with details of both the cards.
How do global cards help a frequent traveller?
Global credit cards give a customer the leeway of instantly performing cashless transactions from any corner of the globe. Accepted worldwide, global cards give you the flexibility of spending in any foreign currency and later paying your bills in your local currency. A customer can also avoid the hassle of carrying huge amounts of cash or using traveller’s checks.
What do credit card reward programs offer?
Credit card reward programs have been introduced by lenders to popularize the various cards they offer by rewarding a customer for transacting using their credit card. The cardholder is awarded points as per his expenditure for purchasing goods and services. The accumulated points can later be redeemed by customers for certain discounts and gifts as per the bank’s guidelines.
What measures are Indian banks required to take to avoid credit card fraud?
The Reserve Bank of India mandates the provision of multiple levels of authentication from banks, for customers using credit cards to make an online purchases. Additionally, customers are advised by banks to use their credit card credentials only in encrypted internet connections to avoid fraudulent transactions.
How does the cash advance facility help an Indian credit card holder?
Customers can also use their credit cards as ATM cards and withdraw a stipulated amount of cash, preset by the bank as cash advance. Though this feature gives a customer access to instant cash, the bank charges very high interest rates for credit taken using this facility.
What are the different online and offline modes available to customers for making credit card bill payments?
A. Customers can make outstanding credit card bill payments using the following online modes - Net Banking, NEFT / RTGS Transfers, Debit Cards, Mobile Applications, Standing Instructions, Visa Money Transfer, Bill Desk, etc. Offline modes include cash, cheques, demand drafts, etc.

What Happens after I Swipe My Credit Card at a Merchant’s POS Machine?

Of course, the million dollar question. While the mechanics of using a credit card on a day-to-day basis isn’t too complicated, the associated back-end process associated with a simple card swipe is too technical for a common individual to comprehend. In actuality, the procedure is very simple and safe-

Purchase over, you hand the credit card to the retailer to pay for your purchase. He swipes, with an accompanying smile, of course.
The merchant’s Point of Sale (POS) system is connected to the merchant’s bank via a communication link.
Thanks to the POS system, your details are verified in real-time using the electronic verification system by the merchant’s bank. The verification is with regards to your credentials, validity of the card and availability of sufficient balance to pay for the purchase.
Post the verification from the merchant’s bank, the details are forwarded to your bank for payment authorization if all the information is in order.
When the merchant’s bank receives this authorization, it blocks the requisite amount from your credit limit to account for the purchase later on. Next, it generates an approval code that is transmitted to the merchant.
At the merchant outlet where you stand for the clearance to affect quickly, the retailer receives this code and must key it in to obtain two charge slip copies from the POS system. One of these slips signifies your agreement with the card issuing bank to pay for the current purchase. You sign on this slip and return it back to the retailer. The other copy is yours to take away from this transaction.
Safe, comprehensive and fast, all of these steps were affected in less than 2 minutes. Neat, right?

Borrowing from a popular axiom, ‘With great power comes great responsibility’, and the same holds very true in the case of credit cards. While a handy financial help, a source of ready cash and a safe and beneficial way to pay for your purchases, the misuse of this facility could be detrimental to your long term financial health. Credit card debt, defaulting on your monthly repayments or drawing up a massive pile of credit card purchases and consequently, a stiff interest rate are things to be constantly aware of. The best way to enjoy your credit card is responsibly and with caution and tolerance. While the temptation may be high to unleash a shopping spree with your brand new credit card, remember, the money you spend is not your own- it must be returned back, with interest and on time!!

Credit Card Tips

Important Notes on Credit Card

Use your Credit Card wisely to positively impact your Credit Score. Paying only the minimum due, maxing out your credit limit, skipping payment due to a dispute and multiple rejected applications affect your Credit Score negatively. Avoid these and your Credit Score will thank you for it. Ready? Check out our Credit Card offers!

After the demonetisation drive, a large number of people have started using their Credit Cards. News reports state that Credit Card usage has gone up by 40%, swipes below Rs. 500 have spiked by 65% and those more than Rs. 500 have gone up by 75%. Banks are seeing an increase in Credit Card applications. To avoid the rush, apply today! We have plenty of cards to choose from.

Going overboard with your Credit Card can dent your wallet. We have some advice for you. Follow a strict budget, pay more than the minimum amount due, try balance transfer and clear high-interest debt first - you're set! Take a look at our amazing Credit Card offers.

Did you know that your payment history plays a big role in determining your Credit Score? Every time you miss a payment or delay one, you're putting your Credit Score at risk. The good news, however, is that you can improve your payment history and rebuild your Credit Score over time with the help of a Credit Card. Don't have one? Take a look at our offers.

How a Credit Card can boost your confidence

Did you know that a Credit Card can help you bring back your lost confidence? Here’s how to use your card to boost your self-esteem: (If you would rather check out our offers, you know what to do)

It’s Salon Time

Ladies and gentlemen, an image makeover from head to toe can help boost your self-esteem

New Clothes. Woohoo!

Well, the beautification part is done. Now, it’s time to change your wardrobe. The clothes you wear reveal a lot about yourself.

Pump Some Iron

A positive body image can boost your confidence. Hit the gym, enrol for Zumba classes or kickboxing, or jog in the park.

Hang Out More Often

No more cash worries to stop you from hanging out with people. Go out, enjoy with your friends and let your Credit Card take care of the bill.

All it takes is a Credit Card to save your dying self-esteem. Apply now and get your confidence back.

16th April 2018

Tips to protect your Credit Card

Here's how to avoid physical damage to your Credit Card and ensure a long, healthy life.

Magnetic Strip

The most important part of your card is the magnetic strip on it. Exposing it to magnets or strong magnetic fields might stop the card from working. Keep it safe.

Extreme Temperatures

Too much heat or cold isn't good for your card. Room temperature - cool!

No Bending

Avoid storing your card in a location or manner that will result in bending or scratching the card.

Protective Cover

Most banks provide a protective sleeve along with the Credit Card to store it in. Use it.

It isn't all that difficult, right? Just some precaution and your card will stay with you for a long time. Take a look at our offers on Credit Cards.

17th March 2018

Lesser known Credit Card facts

Applying for a Credit Card and using it are fairly simple tasks. But is that all there is to it? Read on to find out a few lesser-known facts about Credit Cards. Don't have a card yet?

Impacts Two Aspects Of Your Credit Report

Credit Cards rule your Credit Score. Your payment history has a 35% impact on your Credit Score and the credit utilisation metric has a 30% impact. Your Credit Card usage impacts both.

Cover All Bases

Make sure that your Credit Card issuer reports your credit activities to all four credit bureaus in India. Not all card issuers share information with all the four bureaus.

An Unpaid Credit Card Bill Doesn't Affect Your Score

Bogus! Not paying your Credit Card dues will only send your Credit Score spiralling downwards. Always pay your dues in full if you want to see your score in the elite 750+ range.

Closing A Credit Card Account Is Not Always Good

Closing a Credit Card account can reduce the total credit available to you. This can raise your credit utilisation ratio above the acceptable 30% mark and bring down your Credit Score.

Get a Credit Card that suits your lifestyle, spend wisely and pay your dues on time. Then watch the magic unfold.

14th March 2018

Paperless Approval on Credit Cards

We bet you can't resist these Paperless Credit Card Offers. Challenge accepted?

HSBC Visa Platinum Credit Card

For starters, how about a Credit Card with zero joining fee? Yes, you heard it right. It offers free airport lounge visits too!

SBI Simply Click Card

Hooked on online shopping? This card offers 5X reward points for all online spends. Also, earn 10X reward points on spends with exclusive partners. What're you waiting for?

IRCTC SBI Platinum Card

Bitten by the travel bug? This card treats you with exclusive privileges & great travel packages from IRCTC. Also, earn a reward point on every Rs. 125 you spend. Who doesn't want that?

HDFC Diners Club Rewardz Credit Card

Want to feel special? This card will spoil you silly with lots of rewards on airline tickets, air miles, dining & more.

Also, get one-day approval on all of these cards. Good things don't last for long. Grab these offers NOW! Uh-oh, not eligible for these cards? Cheer up! We have other equally amazing Credit Card offers exclusively for you!

7th March 2018

Credit Card Benefits

You thought a Credit Card was all about using credit and paying bills? Nah! Credit Cards can actually be rewarding.

Batman may not have superpowers, but his alter ego is a financial superpower in his own right. Here’s how a Credit Card could unlock your financial superpowers as well. Give it a shot?

Get Rewarded

Credit Cards give you reward points every time you swipe. Redeem these points for goodies! Cards like SBI Simply Save Card give you 2000 points as joining bonus.

Get It All Back

Cashback Credit Cards can give you cash back on selected purchases. With the Kotak Delight Credit Card, get cash back on all dining and movie spends.

It’s Complimentary

You could get fuel surcharge refunds, shopping coupons and more with your Credit Card. Try the Indusind Platinum Aura Edge VISA Card.

Fly Away

Frequent Flyer? Get free flight tickets using your Credit Card! With the Jet Airways American Express Card, you get one-way complimentary Jet Airways Base Fare waived domestic ticket on your first charge.

Build Your Credit Score

Paying your Credit Card bills regularly and on time can ramp up your Credit Score faster than Alfred stitches Batman up after a fight.

Afford Huge Purchases

With a Credit Card, you could buy big-ticket items and pay back the amount in instalments. Legend has it that Batman is almost done paying off the instalments on his Batmobile.

It’s Convenient

Did you know Batman sits on rooftops every night looking for his lost wallet? With a Credit Card, you don’t have to carry a wallet full of cash everywhere you go. Just slip it in your pocket.

Track Your Expenses

Even Batman needs to keep track of how he spends his fortune. Credit Card statements can help you track your expenses and help you budget better over time.

Get your Credit Card from us and we will make it even more rewarding for you. Go on and explore!

7th December 2017

You must N.E.V.E.R. use your Credit Card for these

There are things you must never use your plastic buddy to pay for. To make your life simpler, here’s the list. In case you’re still looking for a card, we can help:

Big Ticket Items

Credit Card for big ticket purchases? Bad idea! Think about your budget before burdening yourself with a huge debt.

High-end Clothing Brands

Splurging on clothes that you can’t really afford is a very bad idea. Remember, you still have to repay the bank.

Teleshopping

What looks good on TV might not look as good in reality. Think twice before spending on all those fancy gadgets.

Fine Dine

Frequent fine dine can make you whine. Pamper yourself once in a while, but don’t become a reckless card-swiping ninja.

These are things you shouldn’t buy using a Credit Card. But there’s still a whole list of things you can buy. Pick your card and get started now.

6th September 2017

Can you handle a Credit Card?

Did you know that some people can't really handle a Credit Card? Listed below are the most common types who don’t make the cut. If you think you're a responsible user, please take a look at our awesome offers.

The Shambolic Lot

They’re disorganised bill payers or they pay only the minimum amount due every month. Chronically irresponsible, we say.

The Reckless Spender

These guys love to spend money. And they never think twice before spending too.

The Ignorant Bunch

They don’t care enough to learn how a Credit Card works. And sadly, that’s why they mess up.

The Careless College-goers

They're inexperienced. And they're usually on a tight budget. A Credit Card is clearly not for them.

Don’t fit in any of the above? Go ahead and get yourself a Credit Card.

23rd August 2017

Four REASONS to go cashless

Cash remains the preferred choice of payment for most of us. However, going cashless is a better option. We’ll tell you why. If you agree, explore our offers right away.

Goodbye, Queue

Tired of queuing just to withdraw money to pay for your food delivery? How about paying online using your Credit Card, Debit Card or any digital wallet the next time?

Ciao, Cheques

Getting paid via cheques is a headache. In a cashless society, you don’t have to go to the bank to deposit the cheque or wait for cheque to be credited. Quick money, it is!

Au Revoir, Risk

When you go cashless, there is less risk as compared to carrying a lot of currency notes in your wallet or bag.

Adios, Fraud

A cashless mechanism can help plug the loopholes in the public systems, prevent black money, smother grey economy and increase tax compliance.

Don’t you think cashless transactions are better than dealing with cash? Get yourself a Credit Card and make the move now.

17th August 2017

How a Credit Card can boost your confidence

Did you know that a Credit Card can help you bring back your lost confidence? Here’s how to use your card to boost your self-esteem: (If you would rather check out our offers, you know what to do)

It’s Salon Time

Ladies and gentlemen, an image makeover from head to toe can help boost your self-esteem.

New Clothes. Woohoo!

Well, the beautification part is done. Now, it’s time to change your wardrobe. The clothes you wear reveal a lot about yourself.

Pump Some Iron

A positive body image can boost your confidence. Hit the gym, enrol for Zumba classes or kickboxing, or jog in the park.

Hang Out More Often

No more cash worries to stop you from hanging out with people. Go out, enjoy with your friends and let your Credit Card take care of the bill.

All it takes is a Credit Card to save your dying self-esteem. Apply now and get your confidence back.

4 Reasons Why Credit Cards Rule

Some say that Credit Cards are the new way of life. Now that may be a little far-fetched but Credit Cards are definitely becoming everybody’s favourite. Here are the reasons why:

Helps Beat the Rising Cost Of Living

Spendthrifts say Credit Cards lead to debt. The rest are using their cards to earn rewards, cashback and special discounts on purchases, cushioning the pressure arising out of the rising cost of living.

Affords You Luxury

Everything is sold at a marked-up price nowadays and paying in full will definitely burn a big hole in your pocket. Smart Credit Card users break their big buys into affordable EMIs.

Best Form of Instant Loan

Instead of borrowing, wise people pay for small, unexpected expenses with their Credit Card. There is a grace period from your time of purchase to the payment due date in which you can pay it all off without any interest.

Keep Track Of Every Penny

A Credit Card statement is a record all your purchases. Study it every month and you’ll be able to plug the leaks before they become too big.

We’ve always said that Credit Cards make excellent financial friends. Get a card, utilise it wisely and you’ll know it yourself. Go on!

Unlock happiness: Get a Credit Card

‘Money can’t buy happiness.’ We beg to differ. With everyone going cashless, it’s time to join the brigade. Get a Credit Card, mate!

Experiences Matter

Spending on experiences rather than material things tends to make you happier. For example, shopping alone versus a hiking trip with friends. What makes you happier?

A Smile Is Worth Millions

Do something to make someone smile. Being the reason for someone else’s happiness is a great feeling. Every little effort counts.

Buy Time and Use It

We’re not talking about a time machine, duh! Take a vacation with the ones who matter to you or go solo. Travelling can make you happy.

Little Joys > Expensive Stuff

Spend more on the simple joys of life. A long drive, your favourite ice cream and someone you love. It beats shopping for expensive stuff.

See? Money can make you happy if you use it right - with the perfect Credit Card, of course!

4 STEPS to Choose the Right Credit Card

Choosing the right Credit Card is as easy as 1-2-3. We tell you how. Or wait! Do you already know how to choose a Credit Card that suits your needs?

Annual Fee

If you hate charges, choose one with zero annual fees. Annual fees can go as high as Rs. 9,999 but you get a bunch of benefits, unlike free cards.

Rewards

Fuel surcharge waiver - check. Cashback - check. Reward points - check. Free vouchers - check. Choose the card that gives you the rewards that you want.

APR

Annual Percentage Rate (APR) is the interest charged on your Credit Card balance. The lower the APR, the better.

Joining Bonus

Who doesn’t love being pampered? Most cards give you vouchers, reward points or free movie/air tickets as joining bonus. Choose one that works for you.

Got wiser? Then, start exploring our many Credit Cards that offer you a world of benefits that you so deserve.

Effective TIPS to use your Credit Card

Using a Credit Card requires a little more than swiping and punching the PIN. It takes some self-control and some thought. Here are some tips to keep in mind. You could take a look at our offers in the meantime.

Make Small Purchases

Once you get a Credit Card do not let it sit idle. Make small purchases, which can be easily repaid. This will help you build a good credit score.

Balance Control

Using up all your credit every month is not ideal financial behaviour. Stick to utilising 30-35 percent of your credit limit. It’ll enhance your Credit Score.

Take It Easy

You can have as many Credit Cards as you like. Just be mindful to leave a gap of a few months between each application. You don’t want to appear desperate, do you?

Guard It with Your Life

Your Credit Card details are precious. Once you get your card, do not flash it around. Keep it securely in your wallet and do not divulge the PIN to anybody.

With these tips, you should be ready to get a Credit Card. Get started, right away.

4 Credit Card T.I.P.S. for 2017

2016 taught us the value of Credit Cards and a cashless economy. Here are some handy Credit Card tips before you get your plastic mate. Already an expert?

Pay Bills in Full

Don’t eye that ‘Minimum Amount Due’ figure on your Credit Card. Go all out and clear the bill in full.

Opt For Balance Transfer

If you’ve got hefty Credit Card dues, think of opting for a Credit Card balance transfer. Move to a new card issuer offering a lower interest rate on dues.

Research Well

Get the right Credit Card for yourself. A Travel Card for the globetrotter, a Cashback Card for the shopaholic. You get it, don’t you? Make the perfect choice and save big.

Direct Debit

No need to fret about payment due dates any more. Give instructions for a direct debit to your bank and automate your Credit Card bill payments. Easy-peasy.

Always remember, good credit habits mean a good Credit Score. Are you set for a Credit Card now?

How a Credit Card can help start a B.U.S.I.N.E.S.S.

Do you know a Credit Card (or two) can help you start a business? Here are some tips:

Buy a Website

Setting up a website is the best way to tell people about your business. Buying a domain is not too expensive and doing so with your Credit Card can earn you reward points.

Set It Up

You might need some furniture and stationary to set up your office, even if it’s a room in your home. Use your Credit Card to purchase the necessary items and earn cashback.

Flier Miles

Get an Airlines Credit Card if your work demands travelling. The joining bonus in the form of flier miles and discounts on hotels will help you lower the operating cost of your business.

Build a Credit Score

You can beef up your Credit Score by paying your dues on time. A good Credit Score will help you get amazing deals on Business and Personal Loans too.

You can explore our range of Credit Cards and get the one that best fits your business requirements.

Credit Card Tips for Beginners

If demonetisation made you get your first Credit Card, you’re probably still wondering how to use it well. Here are some useful tips for all you beginners. Interested in a second?

Stay Within the Budget

Owning a Credit Card doesn’t mean that you go overboard. Make sure you stop swiping as soon as you cross your budget.

Don’t Cut Corners

Your Credit Card bill will give you the option to pay a minimum amount or the full amount. Pay the full amount. Making part payments will attract interest on the unpaid amount.

Stay Within your Means

Banks consider your finances thoroughly before setting your credit limit. Don’t ask for an increase until there is a marked increase in your income.

Stay Cashless

Credit Cards give you the option to withdraw cash from ATMs. Don’t consider it unless it’s an emergency as the interest on withdrawals is high.

Using a Credit Card is very simple. If you still don’t have one, don’t hesitate. Apply now and you’ll learn the advantages as you go along.

Credit Cards to match your profile

Haven’t got your Credit Card yet because you think it is unsafe? Allow us to change your views. Or are you looking for the one that best matches your profile? Let’s help.

Set Limits

Banks allow you to set geographic limits to use your card. There is no chance of your card getting used in Timbuctoo by a hacker.

On And Off

Banks provide you with apps that you can use to block and unblock your card. It’s as easy as switching on and switching off your television.

Fix a Number

You can fix a daily transaction limit for your Credit Card. This way, you can lend your card to the most irresponsible of your friends without worrying about misuse.

Place Restrictions

You can choose merchant categories that your card can be used at. Great way to curb that shopping impulse that your spouse has, eh?

Now that security is sorted, shall we take a look at your offers? We have plenty of them!

Why Cashback Credit Cards Are Popular

What’s the fuss all about, huh? Let’s show you why.

Reward #1

You can save up to 10% on your regular expenses including phone bills. Pile it on.

Reward #2

Get free movie tickets by swiping your cashback card regularly. More spending = More movies

Reward #3

Get up to Rs. 10,000 off on hotel bookings. Costless travel? Hell, yes!

Reward #4

Most cashback card issuers offer free joining reward points. More points mean more goodies.

Go on, explore our myriad cashback cards and take home one you love.

Shop Better With a Credit Card

Shopping gets better with a Credit Card. You can get rewards, choose to pay in EMIs, get cashback and save money with great discounts. Still looking for a Credit Card?

Raining Rewards

There are so many Credit Cards that give you amazing rewards when you shop. Why do you need cash?

Smart EMIs

Haven’t got enough cash for that purchase? With a Credit Card, you can choose to pay in installments that are easy on your pocket.

Cashback? Yes!

Credit Cards also give you cashback discounts. Are you still waiting to start shopping?

Discounts

If you shop with a Credit Card, get ready to enjoy discounts on online shopping websites. Shop more, save more.

Credit Card Shopping Checklist

Credit Cards are a convenient financial option if you don’t want to carry too much cash with you on that shopping spree. Here are a few factors to consider when you choose your perfect Credit Card.

Interest Rates

Interest on your Credit Card is charged on a yearly basis. It is a fee that you pay for using the card. It’s a good idea to opt for a card with a fixed interest rate that remains the same every month.

Annual Fees

Credit Cards have an annual fee that is charged to the cardholder. Some charges that are included as a part of the annual fee are late payment charges, cash advances, any requests for increased credit limit and balance transfer.

Grace Period

A grace period is the number of days you will get to pay your Credit Card bill after the due date. The grace period is usually 30-50 days to clear any outstanding dues.

Cash Withdrawal

Credit Cards come with an ATM PIN so that you can get cash through your Credit Card from an ATM. But, remember that cash withdrawals on your Credit Card attract high interest rates.

Have you found a Credit Card that suits you yet?

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Steep hike in Credit Card-based Transactions
The past two years have witnessed a widespread expansion in the cashless economy of India. Credit cards are rapidly shaping up to become an integral mode of payment with a surge in number of cards being issued from 2.98 crore to 3.74 crore between 2016-17 and 31 March 2018. According to the Reserve Bank of India, the transactional value has grown from Rs.2,43,700 crore to Rs.4,62,300. The volume of transactions has also seen an increase from 109.3 crore to 141.3 crore in the last one year. The leading banks of the country are issuing new cards at a rapid rate to keep up with the increasing demand. The HDFC Bank saw a hike in credit card advances from Rs.25,995 to Rs.36,115 on March 2018. SBI issues about two lakh cards every month. The ICICI Bank witnessed a 30% growth in its CAGR and aims for a 40% growth in credit cards. The active efforts put in by the banks to expand their credit card customer base and the new RBI guidelines have added to the sudden rise. Revised regulations that enable the customer to open fixed deposits to the credit limit has also boosted the surge. In cases of fraudulent transactions, the RBI has further declared that if the respective bank has contributed to the same or remained negligent, the customer will not be held liable.

20 July 2018
How to be Safe From Credit Card Fraud
Day by day, credit card fraudulent activities are increasing. What is credit card fraud? Credit fraud if a comprehensive word for a wide range of theft and fraud committed using a credit card. This includes identity theft, using a stolen credit card to buy things, or obtain unauthorised funds using the card.

Credit card fraud can happen both online and offline. If you always told others that credit card transaction are safe and your card cannot be stolen or misused, you are wrong. Credit card details can be stolen and used to make transactions without your knowledge or consent. If you are wondering how your credit card can be stolen and misused, here is how it is done.

For a credit card fraud to take place, someone else apart from you should have your credit card number. There are many ways hackers and those involved in credit card fraudulent activities get your credit card number. One of the common ways to get your credit card is through Phishing. Phishing is one of the popular terms used in credit card fraud. Phishing is a process where a thief talks to you in a professional and soft tone and gets the information from your through phone call, email, or unsolicited messages. There are many other simple and sophisticated ways a thief can get your credit card information.

17 July 2018
Multiple Credit Card
From decades, credit cardholders across the glove have debated about the pros and cons of having multiple credit cards. Having multiple credit cards has its own pros and cons. When used wisely, multiple credit cards might help you manage your finances better. However, if overused, having multiple credit cards will push you into the debt trap and affect your credit score negatively.

The credit reporting agencies in India track your credit history and payments on a regular basis. As credit cards are a form of unsecured loan, non-payment of credit card bills or over using it will bring your credit score considerably down which will lower your chances of getting other loans approved in a later point of time. The credit limit and the credit utilisation rate on your credit cards also matters. So, if you have multiple credit cards, consider analysing the pros and cons and closing of the cards if it is beneficial. Once you have closed a credit card, allow it a month and check your updated credit score. If you are planning to getting a secondary credit card, make sure the it is beneficial for your financial health.

12 July 2018
Features of virtual credit cards
A virtual credit card is a computer-generated version of a real credit card that can be generated online when the user wants to conduct a transaction on any website. The virtual credit card is a prepaid card and can be used only for online transactions. It can be used only once and when not used, it expires after 24 hours of generation.

Using a virtual credit card is one of the safest options to make online payments. Even when the card information is compromised, the card cannot be used by the hacker beyond the credit limit. To generate a virtual credit card, users need an internet banking account along with a physical credit card.

Some interesting features of a virtual credit card include security from theft or misuse, option to define our own credit limit, the card self-destroys itself after 24 hours, can be used only for online payments and there is no additional service charge for using the card.

10 July 2018
Credit Card Balance Transfer
If you have tried make your credit card bill payment using another credit card you own, you would have heard the term “Balance Transfer”. Generally, you will not be able to pay your credit card bill using a different credit card but you can transfer credit to a certain limit to any other credit card which will be posted towards your bill payment. Most people transfer credit from one credit card to another to avoid high interest rates on the balance due amount.

Your credit card provider will decide the limit for your balance transfer. Usually, it is not high. You will be allowed to transfer funds up to a certain amount to any other credit card. While most of the credit cards has this feature, it is recommended that you get in touch with your credit card provider to check if there are any fee charged on balance transfer. The main benefit of a credit card balance transfer is that it helps you avoid paying high interest rate on your credit card bills. However, please remember that you may be charged with a fee for balance transfer. Take the time out to calculate the fees and charges involved before you transfer funds from credit card to another.

5 July 2018
The Pros And Cons Of Credit Card Emi Facility
Ever since credit cards have been introduced in India, credit card issuers are coming with new features and benefits to attract more and more customers towards their product. one such benefit which has been widely accepted among most of the credit card users is the credit card EMI facility.

Credit card EMI facility allows the users to pay back their credit card outstanding in easy monthly installments. card holders can also purchase products directly on EMI using the credit card. regarding the advantages and disadvantages of the EMI facility it is very useful big ticket purchases. there are many credit cards which provide the EMI facility with less interest rates, zero processing fee and flexible tenure.as part of special promotions credit card providers sometimes of the EMI facility at zero interest rate. these kind of offers are very beneficial compared to those which come with interest rates.

On the flip side, in order to convert credit card purchases into EMI, banks will charge certain percentage of the purchased amount as a processing fee. typically, the processing fee for credit card EMI facility varies from 2 to 3% depending upon the credit card. also, the more the tenure you opt for the higher will be the interest rate.

The advantages provided by the EMI facility outweigh the disadvantages. However, not all the credit cards comes with the option. You need to check with your credit card issuer to check the availability of the issue.

4 July 2018
According to The Recent CIBIl Report, Credit Card Accounts Grew by 50% After Demonetisation
The Government of India demonetised all Rs.500 and Rs.1,000 currency notes on 8 November 2016. Following this demonetisation, a CIBIL report released by the TransUnion CIBIL Limited, a leading credit reporting agency in the country found that the number of credit card accounts has increased by 50%. On the other hand, active consumer durable loans also increased by 83% over the last year and has hit Rs.1.95 crore. The retail lending also grew by 25% in India. The delinquency rate has also dropped considerably in the financial year 2018.

In the financial year 2018, a significant growth is noticed in retail lending. According to the Cibil report, due to the increase in the quality of the asset, and high demand for consumer durable products like credit cards and personal loans, the loan books has increased by 25% and the number of overall accounts increased by 32%.

In the report, the credit information firm TransUnion Cibil also stated that the delinquency cases which are 90 days past overdue accounts has also declined and remained stable through out the financial year.

3 July 2018
Things To Consider Before Cancelling A Credit Card
With wallets loaded with credit cards, there comes a time when we’re overwhelmed with the number of cards we own and hence want to cancel anyone or couple of them. It’s essential to cancel a credit card when you’re no longer using it. Failing to do so will make you pay annual fee for your credit card and other charges even when there is no transaction on the card. For those with multiple unused credit cards, it’s an unnecessary expense. Hence, it is always recommended to cancel a credit card subscription, when you’re not using the card or when you find a better card.

However, before applying for a credit card cancellation, there are a few things you must consider to have a smooth separation. Primarily, check your credit card’s renewal date. Make sure you’re applying for cancellation even before the bank charges you with the renewal fee. Secondly, check the reward points balance on your credit card. If you have a minimum balance eligible for redemption, redeem the points before applying for cancellation.

Another most important thing is to clear all the pending dues on your card. If there are any unbilled transactions, clear them as well before going for your card cancellation. Till the time you clear the dues on the card, the bank will not approve your cancellation request.

Finally, know the cancellation process for your credit card with the respective bank. As each bank follows a different procedure, be aware of the process before proceeding with the card cancellation request.

28 June 2018
Know About Credit Card Processing
Credit cards are widely used in India. More and more people are opting to swipe their credit cards instead of withdrawing cash from the Automated Teller Machine (ATM). When you present your credit card to the merchant to pay a bill, the merchant swipes your card and the payment is processed in few seconds. The credit card processing service offered to you by your credit card provider is very important for hassle-free payments.

There are many factors you should consider to check if the credit card processing service offered by your credit card provider is reliable. The first important factor is the speed. Nobody likes to wait at the merchant counter for few minutes for the credit card payment to be processed. For this very reason, speed matters when it comes to paying your bills using your credit card.
How does credit card processing work?
The cardholder presents his/her credit card to the merchant to pay a bill. Usually, credit cards come with a magnetic strip which is called EMV (Europay, MasterCard, Visa) chip card. The merchant inserts the card into the terminal. Once the card is inserted in the terminal, the transaction information like your payment amount and the features of the card is sent to the processor. The processor communicates with the credit card provider and the network of the card who will validate the transaction. If the transaction is approved by the processor, the payment is made successfully. If for any reason, the payment is not approved, the transaction declines. All this takes place in few seconds.

25 June 2018
Apple has Announced Excellent Offers for Customers Who Use Their Cards To Purchase Their Products
After many leading e-commerce offered excellent offers for customer buying selected items from their website using their credit or debit cards, Apple has announced new offers. Recently, Apple India announced that they are offering attractive cashback and EMI options on their products like iPhone X and iPhone 8 Plus. This offer is valid from 15 June to 30 September 2018. Apple India offer also includes zero down payment and low-cost Equated Monthly Instalment (EMI). Please note that these offers are valid only when purchase are made from Apple India’s offline partners.

Most leading cards like HDFC Bank debit cards are eligible to receive the benefits of this offer. This offer can be availed on consumer loans from HDB financial Services, HDFC bank, and Capital First. Also, on select credit cards like Citibank credit card, ICICI Bank credit card, and Standard Chartered Bank, a 5% additional cashback offer is available.

20 June 2018

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0.5 4.0/5 "Great!"

My credit card was taken with AXIS BANK 1.5 years back.They have offered visa card and he credit limit was 3.5 lakhs which is more than enough. The customer service and responses was good. I am getting good reward points and free movie tickets . Its a life time free card.

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VIJAY MANDAVA , hyderabad
Reviewed on Jul 20, 2018
Credit Card

"Very Good Service"

0.5 4.0/5 "Great!"

It has been the best card among all the other cards which i am holding. I have been holding this card for the last one year and the credit limit which they had been provided with the card has been sufficient and has been satisfactory. There has not been any annual fee with the card and i had been using the card for shopping and all other purchases.

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SADHANA SINGH , mumbai
Reviewed on Jul 20, 2018
Credit Card

"Very Good Service"

0.5 4.0/5 "Great!"

I had been holding this card for the last one year and the credit limit with the card has been satisfactory as well. There has not been any annual fee which has been charging by them and i had been using the card for shopping and all other purchases. Their customer support had been good where there has been a good response from their side.

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SADHANA SINGH , mumbai
Reviewed on Jul 20, 2018
Credit Card

"Excellent Service"

0.5 5.0/5 "Blown Away!"

The experience i had with bank Bazaar had been too good and i have recently started using the services of them. I had been using the website of them and it had been easy in using it and their customer support has been seriously good. Once we go to their website and click they will definitely call back to us. They are providing all the requirements and the best thing about them is that they resolve anything.

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SADHANA SINGH , mumbai
Reviewed on Jul 20, 2018
Credit Card

"Very Good Service"

0.5 5.0/5 "Blown Away!"

I have chosen to go with them since it has been a reputed bank and had a trust on their banking services. The process in getting this card has been smooth and easy and the card has reached within 15 days. They had provided me with a good credit limit and there has been good features and benefits with the card as well. I have started using the card for shopping and all other purchases.

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SADHANA SINGH , mumbai
Reviewed on Jul 20, 2018
Credit Card

"Average Service"

0.5 2.0/5 "Expected more"

It had been almost one and a half years since i am holding this card and the services which they had been providing so far had been good. There has been less offers with the card when compared with the other cards which i am holding and the credit limit with the card also had been less. There has not been any annual fee with the card and i had been using it for shopping and other purchases.

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SHENBAGAPANDIAN M , hyderabad
Reviewed on Jul 20, 2018
Credit Card

"Very Good Service"

0.5 4.0/5 "Great!"

It has been the best card among all the other cards which i am holding and there has been more offers with the card compared with the other cards. I had been holding this card for more than six months and the services which they had been providing so far had been very good as well. They had provided me with a good credit limit and i had been using the card for shopping and all other purchases.

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SHENBAGAPANDIAN M , hyderabad
Reviewed on Jul 20, 2018
Credit Card

"Very Good Service"

0.5 5.0/5 "Blown Away!"

The experience i had with Bank Bazaar had been nice and i had recently started using the services of them. I had been using the mobile application of them and it had been hassle free. Even during the whole process the customer support team of Bank Bazaar had made a regular follow up as well.

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SHENBAGAPANDIAN M , hyderabad
Reviewed on Jul 20, 2018
Credit Card

"Good service"

0.5 4.0/5 "Great!"

I had chosen to go with this card since there has been good offers with the card and the process in getting the card has been smooth and easy and the card has reached on the right time as well. But the credit limit which they had offered with the card has been less than i expected. I have not yet used the offers which are available with the card, i have been using the card for shopping and all other purchases.

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SHENBAGAPANDIAN M , hyderabad
Reviewed on Jul 20, 2018
Credit Card

"Excellent Service"

0.5 5.0/5 "Blown Away!"

I had been holding this credit card for the last one and a half years and the services which they had been providing so far had been good. They also had given me with a good credit limit and there has been good features and benefits with them as well. There has been good offers with them like movie offers and with fuels as well. I had been using the card for shopping and all other purchases.

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NITIN KSHIRSAGAR , mumbai
Reviewed on Jul 20, 2018
Credit Card

"Excellent Service"

0.5 5.0/5 "Blown Away!"

The experience i had with Bank Bazaar services so far had not been bad, i had been using the website of them and it had been easy in using it. Their website of them also had been good and they had been making a good follow up during the process. The best thing i had liked about the services of them is that they where really clear about explaining about the products.

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NITIN KSHIRSAGAR , mumbai
Reviewed on Jul 20, 2018
Credit Card

"Excellent Service"

0.5 5.0/5 "Blown Away!"

I have chosen to go with them since there has been good offers with the card and there has been cash back offers as well. The process in getting the card has been simple and smooth where card also had reached on the right time as well. They had given me with a good credit limit with the card and there also had been good offers with the card as well. I have started using the card for shopping and all other purchases.

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NITIN KSHIRSAGAR , mumbai
Reviewed on Jul 20, 2018
Credit Card

"Good service"

0.5 4.0/5 "Great!"

I had been holding this card for the last two years and the services which they had been providing so far had been very good. The credit limit with the card has been satisfactory and there has been good features and benefits with the card as well. There has not been any annual fee which they had been charging and i had been using the card for shopping and all other purchases.

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PRAKASH BUDAM , hyderabad
Reviewed on Jul 20, 2018
Credit Card

"Good service"

0.5 5.0/5 "Blown Away!"

It has been a very good experience with Bank Bazaar services and i had recently started using the services of them. I had been using the mobile application of them and it had been easy in using it. Their customer support and the staff responses had been good in the response which they had been making so far.

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PRAKASH BUDAM , hyderabad
Reviewed on Jul 20, 2018
Credit Card

"Good service"

0.5 5.0/5 "Blown Away!"

The process in getting the card has been smooth and easy and the card has reached on the right time. The credit limit of 80,000 which they had provided me has been satisfactory and had been sufficient. There has been good features and benefits with the card and i have already been used almost 50% of the credit limit.

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PRAKASH BUDAM , hyderabad
Reviewed on Jul 20, 2018
Credit Card

"Very good service"

0.5 5.0/5 "Blown Away!"

I've been using the HDFC Money Back Credit card for a while. The experience was good,this is my first card and this is best, I also have EMI facility with this card. I never had any issues with their services. It is a useful card for most of the daily life trasnactions.

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SANTOSH KUMAR , bangalore
Reviewed on Jul 20, 2018
Credit Card

"Excellent Service"

0.5 5.0/5 "Blown Away!"

I had been holding this card for the last three to four years and they had provided me with a very good credit limit as well. I had been using the card for shopping and all other purchases as well. There has been an annual fee of 1000 which they had been charging and as per the usage if we are making a purchase of 30,000 a year it will get waved off. Their customer support also had been good so far.

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KARPAGAM VIJAYAKUMAR , coimbatore
Reviewed on Jul 20, 2018
Credit Card

"Excellent Service"

0.5 4.0/5 "Great!"

I had got some offers from Bank Bazaar where there has been some messages and email links where it has been directed me to the website. For getting the credit card it had been a very good experience and the website of theirs had been easy and had been helpful. Their customer support had been effective where in which they had made a good follow up during the process.

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KARPAGAM VIJAYAKUMAR , coimbatore
Reviewed on Jul 20, 2018
Credit Card

"Card with very low limit"

0.5 4.0/5 "Great!"

I've been using the AXIS Neo Credit card for while. The Limit is low, 25000 EMI facility is also there. They need to provide a good limit to the customer. What is the point of a credit card if the limit is too low? Other than that there is no issues with their services.

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SANTOSH KUMAR , bangalore
Reviewed on Jul 20, 2018
Credit Card

"Good service"

0.5 3.0/5 "Satisfactory"

It has been a super process in getting this card and the card has reached before the time which they where mentioned. I had chosen to go with this card since because already this card has been used by my brother and he had given a good review about the card. The credit limit which they had given with the card has been satisfactory and there also had been good offers with the card as well. I have started using the card for shopping and fuel purchases as well.

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KARPAGAM VIJAYAKUMAR , coimbatore
Reviewed on Jul 20, 2018