Apply for a credit card by comparing the Best credit cards online. You can find credit card offered by Top banks along with their features, benefits, fees, and latest offers, everything at a single place.
Credit cards are an important financial tool which enables its holders to make purchases and have the luxury of paying back the amount at a later date. A credit card comes with a bank-approved credit limit and the holder must pay back the amount due on the due date which is mutually decided by the bank and the holder.
Features and 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 in the form of bonus reward points, vouchers, discounts, etc.
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.
Fuel Surcharge Waiver
Banks offer a fuel surcharge waiver to the cardholders on spending a specific amount of money on fuel every month.
Cashback Benefits
Many credit cards offer cashback benefits to the customers.
Lifestyle Benefits
Cardholders can enjoy various lifestyle benefits on their credit cards such as offers on dining, shopping, wellness, entertainment, etc.
Travel Benefits
Travel benefits of credit cards 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 premier cards provide a comprehensive insurance policy that provides coverage against air accident, life, lost baggage, lost card, outstanding, etc.
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.
Global Acceptance
Today, most credit cards that are issued in India are international cards and are accepted by various merchants all over the world.
EMI Conversion
The feature allows the credit card members to convert their credit card transactions into easy monthly installments (EMI).
So, how do you go about finding a credit card that is just right for you? Here's a handy list:
Your spending pattern: Your monthly spending pattern is a major factor in choosing the right credit card.
The reward type: Credit cards offer rewards in terms of cashback, rewards points, air miles etc
Fees and charges: Compare the interest rate on different cards and the fees and charges that apply.
Offers on the card: Some cards have great offers and discounts when you use the card to shop on a particular website or when you use it at a particular store.
Welcome bonus or gift: Some banks offer welcome gifts and bonuses on applying for a credit card. This could be the latest gadget or bonus points and miles.
Payment options: Most cards will allow you to make payments via multiple channels.
If you keep these points in mind, getting the right credit card shouldn't be too much of a problem.
Applicants can submit any one of the ID proof, address proof and income proof documents listed below
ID Proof
Passport
PAN card
Aadhar card
Voter's ID
Residential proof
Aadhar Card
Electricity Bill
Telephone bill
Income Proof
For Self-Employed
Certified Financials
Recent ITR Statement
Passport
For Salaried
Salary Certificate
Recent Salary slip/s
Employment Letter
Apply for a Credit Card
You can apply for a credit card both online and offline. Due to the COVID-19 pandemic, the application process for credit cards has been digitized making it simpler and faster.
How to Apply for a Credit Card Online?
You can Compare & Apply for a Credit Card on BankBazaar by Following 4 Simple Steps:
Step 1- Compare credit card offers
Step 2- Select from the top cards offered by leading Indian banks
Step 3- Check your eligibility by entering a few personal details
Step 4- Enjoy instant approval online after filling out your application form
Alternately, you can also apply for a card online on the bank’s website by following these steps:
Visit the bank's website.
Explore the cards offered by the bank.
Use the comparison tool if available to compare their features and benefits
Select the card that is the right one for you and hit the 'Apply' button.
Fill in the required details and upload all necessary documents.
Submit your form.
Note: Each bank may have a different application procedure. Visit the bank's website for more details regarding how to apply for their card online.
Benefits of Applying for Credit Card on Bankbazaar
BankBazaar offers an end-to-end application process, wherein you can browse through most of the credit cards offered by various banks, compare and apply for the best credit card in just a few clicks.
Let's look at the perks that we offer for applying for a credit card through us.
Compare from a range of many credit cards
A simple application process.
24x7 Customer Support
Different Types of Credit Cards Offered by Bankbazaar
Shopping Credit Cards:
Shopping Credit Cards are typically affordable with an annual fee starting from Rs.500. The benefits offered on the cards including the welcome gifts, reward points, deals and discounts, etc., revolve round the shopping category.
Lifestyle Credit Cards typically come with a high annual fee and joining fee, which of course, is worth spending for the privileges offered by the cards. Some cards also have low or no annual fee and are designed for low-income group individuals.
Fuel Credit Cards provide accelerated reward points on fuel spends, fuel surcharge waiver facility, reward points redemption against fuel purchases, and other value back benefits, enabling users to keep fuel costs under check.
Rewards Credit Cards - Get Rewarded While You Shop:
Rewards Credit Cards offer accelerated rewards on most of the spending categories. Credit card issuers are providing a wide variety of redemption options ranging from gifts to air miles to cashback.
Travel Credit Cards – Make Your Holidays Budget-friendly:
Mostly providing air travel benefits, Airline Credit Cards are best suited for frequent travellers. The features and benefits offered on the cards revolve around air travel.
Before applying for any credit card, find out the joining fee and annual fee charged with it as most these fees are charged with. It is important that you know the fees charged to understand the true cost of owning the card. A joining fee is the fee which needs to be paid to get the card and an annual fee is the amount to be paid at the end of each year.
Things to Know Before Applying for A Credit Card
Credit Card Statement
Credit card statement or (credit card bill) is generated every 30/31 days. The bill generation date depends on the date on which the card is first issued, and the same date will be followed for the subsequent months.
Besides the bill amount which is also called the outstanding amount on the card, the statement also provides a detailed history of all the transactions conducted during the billing period.
It also reflects the total credit limit, available credit limit, cash limit, due date, and other related information. The statement is typically mailed to the cardholder’s registered e-mail address every month. However, if the total outstanding balance is less than a certain cut-off, say Rs.200, no statement will be generated.
Transferring Money from Your Credit Card to A Bank Account
In India, you cannot transfer money directly from your card to other bank accounts. However, you can always use third party websites and apps to do the same. You can transfer money to other bank accounts using your debit card. This can be done via net banking and mobile banking.
How Many Days Will it Take for a Credit Card to be Renewed?
Credit cards are automatically renewed towards the end of the expiration period and a renewed card with a new expiration date is usually a month before the expiration of the existing card.
How does the Reward Points System Work for a Credit Card?
The reward point system of credit cards allows you to earn reward points every time you spend on different purchases. The accumulated reward points can be redeemed for merchandise, air miles, gift vouchers, or cash. The reward points have an expiry date and the minimum points needed for redemption differs from one card to another.
How Long are Credit Cards Usually Valid?
Credit cards issued in India are usually valid for a period of 3 years.
Will the Number of my Credit Card Change When I Renew?
The renewed card usually has the same number as your expired card but the CVV number is different on the new card.
Will the Rejection of Your Credit Card Application Affect Your Credit Score?
Generally, the rejection of your application for a credit card will not directly impact your CIBIL score. Your CIBIL score is largely affected by default in payments and an unstable income source. You can always reapply for a new card once you have understood the reasons why your credit card application was rejected the first time and rectify the same. This can be done by paying off all dues.
FAQs on Credit Cards
How do credit cards work?
A credit card gives you a line of credit and you can use this to make balance transfers, all kinds of purchases, and cash advances. You will have to pay back the amount by the date specified by the bank. When you use a credit card, you have to keep in mind the minimum payment to be made every month by the due date.
What is credit card limit?
This is the maximum amount that one can spend on their card. When you have a high limit for the credit card, it allows you to spend more and this will help your credit scores.
Can I get a credit card online?
Yes, you can apply for a credit card online, once you go to the website of your preferred bank, or you can conveniently compare options and apply for one on BankBazaar.
What is the minimum credit score for a credit card?
A credit score above 650 is ideal to be able to get a credit card
Can I get a credit card without a job?
Even if you do not have a job and have a pretty substantial cash inflow into your account every month or so, you are eligible for a credit card.
Can I get a credit card in one day?
Yes. Due to the online application system, your credit card application could be approved in one day. However, you will not get the physical credit card in one day.
Do credit cards come with any airport lounge benefits?
Yes, a lot of credit cards come with access to domestic and international lounges at airports.
Are there any benefits of having a credit card?
Yes, most credit cards come with a reward point system, where you earn a point every time you spend a said amount of money. You can then redeem these points for vouchers, cashback, or air miles.
How can I get a credit card for the first time?
If you already have a credit history, you can check your eligibility, choose a card that suits your lifestyle needs and apply for it on Bankbazaar. If you do not have a credit history, you can opt for a secure credit card usually offered against fixed deposits.
How many credit cards should I have?
The number, one should own is not fixed. It depends on your financial ability and your spending behavior. However, ensure to manage all the cards properly.
Can I get a credit card with a bad credit score?
Credit scores above 650 are generally deemed as good for credit card approvals. Scores below 650 are usually considered poor, and approval may be subject to providing security (collateral such as fixed deposits).
Which is the best and easiest way to apply for a credit card?
The best and the easiest way to get a credit card is to apply for it on a platform like Bankbazaar. You can compare the features, benefits, fees, interest rates etc. and then choose a card that best suits your needs.
Should I pay interest on all the purchases I make using a credit card?
No, you don't have to pay interest on all the transactions. However, if you're not repaying the due amount within the stipulated time, the unpaid due would attract interest along with all the new transactions, till the due amount is repaid in full.
What does 'minimum due' mean on a credit card statement?
The minimum amount due is the minimum amount a credit cardholder needs to pay in case he/she is not able to pay the total outstanding. It is typically 5% of the total outstanding amount on the card.
Do I need to pay a processing fee for a loan against credit card?
Yes, banks do charge processing fees for loans against credit cards. However, you need to pay a very nominal amount as a processing fee.
The government states that loan moratorium can be extended by 2 years
According to a circular given by the Reserve Bank of India, the moratorium for loan repayments can be extended by up to 2 years. Along with this, the central government has also submitted an affidavit which states that the National Disaster Management Authority has been apprised on the issues and has sent its feedback to the RBI.
The loans will include all kinds of retail products which are vehicle, home, agricultural, personal and crop loans. The central bank has also stated that credit card dues will also be included and eligible for the extension of the moratorium.
In May, the RBI had previously extended the loan moratorium till 31 August after the lockdown was lifted in the country.
02 September 2020
Federal Bank to launch an independent credit card within a year
A senior official of Federal Bank has recently quoted that the bank is looking forward to come up with its very own independent credit card product. This is supposed to be taken care of within another year. The bank is offering a co-branded SBI Card at present.
The bank will focus on its existing customer base which has more than 1 crore customers. The credit card will be primarily aimed at the existing customers of the bank who have a relationship. The bank is planning the launch of its individual credit card programme to fulfil the lending suite products of the bank.
26 August 2020
Petition filed in Delhi HC to extend the moratorium period for repayment of term loan and credit cards
On Monday, a petition was moved in the Delhi High Court to extend the moratorium period for repayment of term loan and credit cards. The PIL seeks the extension of moratorium for another year or until the COVID-19 situation normalises. In addition to this, it also seeks complete waiver of interest at savings bank rate of interest for advocates and the government to provide financial assistance to advocates enrolled with the Bar Council of Delhi for their survival.
25 August 2020
Federal Bank to launch an independent credit card in collaboration with Finserv
Federal Bank, a private sector bank in India has partnered up with Finserv, a payment services provider to launch their first independent credit card. Finserv will also be digitising the end-to-end the process of card application and issuance.
The solution will enable card issuing and processing with highly integrated functions which will result in the reduction of ownership costs, according to resources. Finserv will be offering its FirstVision service solution to the Federal Bank.
With the help of FirstVision, new solutions will be brought to the market at a faster rate and a lower cost with its service-oriented architecture and open APIs. With this partnership, Federal Bank will be outsourcing associated operational processes to Finserv as well.
14 August 2020
Punjab National Bank launches credit and loan facility for weavers
Punjab National Bank has launched a cash credit or loan facility for weavers which will be provided against their credit requirements. This is called the PNB Weaver Mudra Scheme or PNBWMS. Under this program, a credit card plan has been launched under the scheme of the Ministry of Textiles under which weavers can avail a loan of up to Rs.2 lakh. This can be availed by weavers in both rural and urban areas. It can be used flexibly for working capital or for investments. The scheme was launched just before National Handloom Day. Under the Shishu category, up to Rs.50,000 is available and under the Kishore category, anywhere between Rs.50,000 and Rs.5 lakh will be offered. The Government of India will extend financial assistance for credit guarantee fees, interest subsidy, and margin money subsidy. The government will bear the cost of up to 20% of the project cost for working capital up to a maximum of Rs.10,000 with the rest being borne by the borrower. After the loan is sanctioned, the margin money subsidy will be credited to the borrower’s account directly. These accounts will be covered under the credit guarantee schemes of various credit guarantee corporations.
10 August 2020
BFSL chooses Fiserv.Inc to enable the digitization of their end-to-end card issuance
Bank of Baroda’s credit arm known as BOB Financial Solutions Limited (BFSL) has chosen Fiserv.Inc for digital transformation. Fiserv.Inc is a global provider of payments and financial services technology solutions. BFSL will utilize Fiserv’s First VisionTM to advance its digital strategy and keep pace with the rapidly changing consumer expectations.
First VisionTM is an end-to-end managed services solution that enables card issuing and processing with global economies of scale and integrated capabilities that span the card lifecycle and facilitates rapid application development. It will help in bringing new capabilities to the market quickly and at a lower cost. The SaaS solution is hosted locally and enables card processing for major issuers across the country.
The MD and CEO of BFSL was hopeful that Fiserv’s scalable and integrated technology will enable them to deliver the experience its customers expect as they accelerate the launch of new products and services.
03 August 2020
IRCTC launches co-branded contactless credit card
The Indian Railway Catering and Tourism Corporation Ltd (IRCTC) and SBI Cards has launched their IRCTC SBI Card on RuPay.
This card is designed to reward their frequent travellers. This card offers travellers on Indian Railways a lot of savings on their travel, and benefits on dining, retail, and entertainment.
All cardholders of the IRCTC SBI Card on RuPay platform will get up to 10% value back on AC1, AC2, AC3, AC CC bookings made through the IRCTC website. This card offers a 1% transaction fee waiver and also a 350 Bonus Reward Points once the card has been activated.
29 July 2020
BankBazaar join hands with IndusInd Bank and SBI Card to provide contactless access to credit cards
In order to facilitate contactless access to credit cards, BankBazaar has partnered with IndusInd Bank and SBI Card. The contactless solutions are live on the BankBazaar platform and was launched in the month of May. It must be noted here that access to loans and credit cards are offered to customers via Video KYC, Central KYC (CKYC) and eKYC, as enabled by the Indian regulators. Reserve Bank of India (RBI) had approved Video KYC at the start of the year and allowed commercial banks to onboard new customers using a live video-based interface created in compliance with the RBI’s KYC Master Direction.
27 July 2020
SBM Bank launches first RuPay business credit cards
SBM Bank with support of fintech firms EnKash and Yap has launched the first business credit card on RuPay network. The development will help National Payment Corporation of India (NPCI) compete with MasterCard and Visa on the business payments space.
The SBM EnKash RuPay business card is designed to streamline business expenditure and finances. It provides a 30-day credit period on business purchases, bill payments, travel expenses, automated GST, rental payments etc. as well as enables tracking of expenses.
The card will be available upon immediate issuance through digital and paperless on-boarding for Small and medium-sized enterprises (SMEs), Micro, Small and Medium Enterprises (MSMEs), and start-ups at any SBM Bank touch point.
The Head of Retail and Consumer Banking, SBM Bank India has stated that the business credit cards will empower the small businesses through transparency and technology and help them in becoming more efficient.
24 July 2020
811 #DreamDifferent Credit Card launched by Kotak Mahindra Bank
811 #DreamDifferent credit card was launched by Kotak Mahindra Bank (Kotak) today. The card is designed for the Kotak 811 customers based on their banking preferences. You can apply for this credit card on the Kotak mobile banking app. New Kotak customers can also apply for this card after opening an 811 savings account.
The card is fee for a lifetime and is backed by a fixed deposit for as low as Rs.15,000. This credit card is especially for those who have no credit history, a low credit score or do not have any income documents to share.
There are no joining or annual fee and one can enjoy up to 48 days interest free credit period while they continue to earn interest on their fixed deposit. A customer will also earn 2 Reward points for every Rs. 100 on all online spends, and 1% fuel surcharge waiver and complete surcharge waiver for railway bookings on irctc.co.in and at Indian railway booking counters.
22 July 2020
RBL Bank revamps the RBL MyCard credit card application
RBL Bank has recently new age banking services with the main aim of offering contactless features. With the COVID-19 virus spread out and lockdown across the nation, the bank has decided to fulfil all the banking needs of its customers.
In this regard they have also revamped the RBL MyCard credit card application. This has come forward after the bank decided to thrust its digital reach and promote contactless banking.
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I got RBL card offer from BAJAJ Finance. I have been using this card past 10 months which is a life time free card. The credit limit is sufficient of 55K. EMI conversion is avail and I can convert via mobile app whenever required with nominal charge. I use this card for general purpose. Based on usage I get points but not yet redeem it.
SBI credit card have offers and reward points but I have not redeem them yet, this is a domestic card, the credit limit is of 50000 which I am very much satisfied as per my need. I got my statement on time. I used this card for personal purposes.The card is very user friendly.
I am using SBI credit card for more than three months, there are some reward points and offers in the card. I used this card for online shopping, fuel surcharge and groceries.The credit limit of the card is sufficient and I like the most about the card is that it is a life time free card and very good to use.
The bank agent suggest me to take credit card from INDUSIND and I have taken it because it doesn't have any annual fee. The offer and reward points are available in the card are good. I am satisfied with the limit of the card. I used the card for general purposes. But it will be nice, if the offers and reward points will be more.
I am using INDUSIND credit card for 3 months. The card have no offers available and also there is no rewards. The only benefit is that its a life time free card and the credit limit is only for 75000 I am not that satisfied as i expected to get around 1.5 lakh. Apart from the limit over all experience is good.
I have got INDUSIND credit card few months ago and I have used it for two months now ,the credit limit of the card is Rs.70000 which is a life time free card. The bank have informed me every details about the reward points and offers but I have not got any time check it. I am satisfied with their card service.
Am having ICICI credit card for two years, I feel good and have not face any issues. The best part about the card is its a life time free card. I used to get my card statement on time. I used this card for shopping, groceries and for many other personal purposes.I am using the bank mobile app which function smooth and simple.
I have used SBI credit card for 2-3 months, but I have not got any time to check about the offers available in the card. The limit of the card is 38000 and I am satisfied because its a life time free card. I used to get my card statement on time and the net banking is also working very well.
Since it is a life time free card offer from INDUSIND so I chosen it and applied through online. I received a call on time and they have done the verification process. Hence I received the card by 7 days, the credit limit is okay for me. Its easy to use for all purposes.
CITI has provided good offers and benefits on 2 months before. So I chosen this card and applied through online. It is annual fee chargeable of 500 rupees bu there is waiver off option if I spend 30K within a year. The credit limit is 65K. There is EMI conversion avail for this card.
Was this review helpful?
73
SHIVARAJ MAHENDRAN
, coimbatore
Reviewed on Mar 21, 2020
I have used credit card from HDFC bank for 1 year which is very good and also very comfortable, its a life time free card and lots of offers are available in the card. This card was suggested to me by my colleague. Mobile banking also functions very smooth.
INDUSIND bank credit card have an credit limit of of Rs.75000, there is no offers available in the card and it also have a charges of 3000 along with GST. I hardly receive any remainder messages for my bill payment due to that some time I could not pay my bill on time. I would advise them send my bill on time before the due date.
I have been using ICICI card for more than one year. They have provided an annual fee chargeable card and waiver off option is applicable. The credit limit is okay of 50K. Since I need to do purchase about 45K on some of the month so this limit is not sufficient. I swipe the card for travel, shopping and fuel purposes. I have not opted for EMI conversion.
I have been using AXIS bank credit card for 3 years, Its a life time free card so I applied the card through bank. The agent have informed me everything about the card. I used to get offers of 10% on petrol bunk and shopping.The limit of the card is Rs.45000 and I used to pay my bill directly through bank.I am also using their net banking which is very good.
I got INDUSIND credit card from few months ago.The card have an EMI conversion. I used the card for multi purposes like shopping, online payment, ticket booking. This is annually chargeable card, I am not satisfied with the credit limit of Rs.75000 as I am expecting more than than 1 lakh.
I got a life time free card offer from INDUSIND bank hence applied through online on three months back. I received the call on time and the process was done on smooth. I got the card on exact time frame. The credit limit is sufficient and they provided good offers and benefit as well.I use this card for shopping and travel purpose.
RBL credit card is a chargeable card, I always have to go to Bajaj Finance to pay my credit card bill. I am not satisfied with the customer service which has to be improved. I used this card when ever needed for shopping, fuel surcharge and bill payment.The limit of the card is fine.
HDFC credit card is very convenience to use, I have been using the card for 4.5 months for Shopping, groceries, fuel surcharge and electricity bill payment also. I pay my credit card bill through ATM. I always get my bill on time, this card was suggested to me by the bank agent.
I used RBL card for twice only. I get message or call for EMI conversion from banker. It is a life time free card. Once all the process done I received the card by 15 days. I am holding this card past 6 months. The credit limit is sufficient of 30K. Once I tried to convert for EMI of 3 months it was done on time without any problem. It is Bajaj card.
I have been using SBI credit card for the last two months, the credit limit of the card was satisfied it was Rs.9,80,000. The bank agent came and collect my document he have informed me every detail about the card. The card have a charges of Rs.2299 in a year. I used to pay my credit card bill through bank. Am getting my card statement in softcopy but I wish the bank can send me a hard copy statement also.
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