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  • Apply for a credit card by comparing the best credit cards online. You can find credit cards offered by Top banks along with their features, benefits, fees, and latest offers, everything at a single place.


    Top Credit Cards

    Updated on - 23 May 2022

    Since there are many categories of credit cards, it may be difficult to choose the best credit card for you. Here is a list of the top ten credit cards and is based on the different categories they fall under.

    Different Types of Credit Cards in India

    Features & 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.
    Add-on Cards Many banks allow their credit cardholders to apply for add-on credit cards for their immediate family members.
    Insurance Coverage 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 credit 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 instalments (EMIs).
    Credit Score Owning a credit card helps you build a healthy CIBIL score. By making timely payments on your card and in full, you receive a positive credit score from credit bureau, CIBIL.

    Credit Card Eligibility

    The eligibility criteria of a credit card are dependent on a range of factors. Check out the primary eligibility criteria for credit cards

    Eligibility Criteria Requirement
    Nationality Indian
    Age 18 years
    Employment status Salaried or Self-employed
    Income Depends on one bank to the other
    Credit Score Good credit score (700 and above)

    Documents Required to Apply for a Credit Card

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

    Requirements Salaried Individuals Self Employed
    ID Proof Passport, Permanent Account Number (PAN) card, Aadhaar card, Voter’s ID Passport, PAN card, Aadhaar card, Voter’s ID
    Residential Proof Aadhaar Card, Electricity Bill, Telephone bill Aadhaar Card, Electricity Bill, Telephone bill
    Income Proof Salary Certificate, Recent Salary slips, Employment Offer Letter Certified Financials, Recent Income Tax Returns (ITR) Statement, Passport

    Which is the Best Credit Card for You?

    • Your spending pattern: Your monthly spending pattern is a significant factor in choosing the right credit card.
    • The reward type: Credit cards offer rewards in terms of cashback, rewards points & air miles.
    • 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 them to shop on a particular website or when you use it in a specific store.
    • Welcome bonus or gift: Some banks offer welcome gifts and joining bonuses on applying for a credit card. Gifts could be the latest gadget or bonus points and miles.
    • Payment options: Most cards will allow you to make payments via multiple channels.

    How to Apply for a Credit Card?

    You can apply for a credit card, both online and offline. Due to the COVID-19 pandemic, the credit card application process has been digitized, making it simpler and faster.

    The Process 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:

    • Step 1: Visit the bank's website.
    • Step 2: Explore the cards offered by the bank.
    • Step 3: Use the comparison tool if available to compare their features and benefits
    • Step 4: Select the card that is the right one for you and hit the 'Apply' button.
    • Step 5: Fill in the required details and upload all necessary documents.
    • Step 6: 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.

    How to Use a Credit Card?

    The following are some of the important tips on how to use a credit card:

    • Use the right card for the right purchase

      If you have more than one credit cards, ensure you are using the right one based on your needs. For instance, use a travel credit card if you spend a considerable part of your income on travel such as booking flight tickets, hotels, and more. This way you can earn reward points.

    • Pay the bills into EMIs

      One of the best ways to use credit cards is converting your purchases into EMIs and repay the bills as per your convenience.

    • Opt for a personal loan during emergencies

      Many lenders allow its credit card users to convert their unutilized credit limits into personal loans at a nominal interest. This helps credit card users to meet their urgent needs in no time.

    • Shop online using reward points

      Credit cards offer 2x reward points when you purchase online.

    • Redeem your reward points

      Banks allow its credit card users to redeem their reward points to get discounts on hotel bookings, flight tickets, etc. These reward points provide exclusive shopping vouchers, cashbacks and recharge voucher to the users.

    Different Types of Credit Cards Offered by BankBazaar

    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.

    • Joining fee - Rs. 499.
    • Annual fee - Rs. 499 (Waived if the total spending exceed Rs. 1 lakh).
    • 1 reward point for every Rs. 100 spent.

    • Joining fee - Rs. 750.
    • Annual fee - Rs. 750.
    • 2 AXIS EDGE Reward points on every Rs. 200 spent.

    • Joining Fee - Rs. 49 (per month).
    • Annual Fee - Nil.
    • Reward Points - Nil.

    • Joining fee - Rs. 1,499.
    • Annual fee - Rs. 749.
    • 1 Saving Point for every Rs. 250 spent.

    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.

    • Joining fee - Rs. 0, if you apply on or Rs. 2,500.
    • Annual fee - Rs. 2,500 (Waived if the total spends exceed Rs. 3 lakh).
    • Earn 4 reward points for every Rs. 100 spent.

    • Joining Fee - Rs. 3,000.
    • Annual Fee - Nil.
    • Reward Points - For every Rs.150 spent, earn 1 Reward Point.

    • Joining fee - Rs. 2,999.
    • Annual fee - Rs. 2,999 (Waived if the total spends exceed Rs. 3 lakh).
    • Earn 2 points for every Rs. 100 spent on the card.

    • Joining fee - Rs. 500 (Waived on spends of Rs. 5,000 in the first 45 days).
    • Annual fee - Rs. 500.
    • 4 reward points for every Rs. 200 spent.

    • Joining Fee - Nil.
    • Annual Fee - Nil.
    • Avail 2 reward points for every Rs. 150 spent on the card.

    • Joining Fee – Rs. 1,500 (Waived off if applied through BankBazaar).
    • Annual Fee – Rs. 1,500 (Waived if applied through BankBazaar.
    • On every spend of Rs. 200, get 6 reward points.

    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.

    • Joining Fee - Rs. 500.
    • Renewal Fee - Rs. 500. Waived if the total spends in the previous year equal Rs. 50,000.
    • On spending Rs. 100, get 1 reward point.

    • Joining fee - Nil.
    • Rs.1,000 + applicable taxes, waived on expenditure of Rs. 30,000 or more in a year.
    • Earn 2 turbo points for every Rs.150 spent on groceries and supermarkets.

    • 1st-year fee on the card is Rs. 499.
    • A Renewal fee of Rs. 499 (Waived if annual spending exceeds Rs. 1 lakh or if applied through BankBazaar.
    • Get 1 reward point for every Rs. 100 spent on the card.

    Rewards Credit Cards offer accelerated rewards on most of the spending categories. Credit card issuers provide a wide variety of redemption options ranging from gifts to air miles to cashback.

    • Up to 2,500 bonus points within 60 days of card issuance.
    • 10 reward points on apparel and departmental store spend.
    • 1 reward point for every Rs. 125 spent on the card.

    • Joining fee – Nil.
    • Annual fee – Nil.
    • With every Rs. 150 spent on the card, get 1.5 reward points.

    • Joining Fee - At the time of sourcing.
    • Annual Fee - At the time of sourcing.
    • Reward Points - Up to 10 reward points given on every Rs.125 spent.

    • Joining Fee - Rs. 1,199.
    • Annual Fee - Rs. 1,199.
    • Reward Points - Up to 8 Reward points given on every Rs.200 spent.

    • Joining fee – Rs. 2,500.
    • Annual fee – Rs. 2,500.
    • With every Rs. 200 spent on the card, get 8 reward points.

    Cashback Credit Cards offer cashback, cash rebates, and other money-saving benefits on most of the credit card spend.

    • Joining fee - NIL.
    • Annual fee - Rs.750.
    • 1.5% cashback on all online expenses & 1% on other expenses.

    • Joining Fee - Rs. 500.
    • Renewal Fee - Rs. 500.
    • 5% cashback on movie ticket bookings, telephone bill and utility bill payments

    • Annual fee of Rs. 250 will be charged.
    • Joining fee of Rs. 250 will be waived off if Rs. 2,500 or more is spent within 45 days.
    • Get 2 reward points for every Rs. 200 spent on the card.

    Mostly providing air travel benefits, Travel Credit Cards are best suited for frequent travellers. The features and services offered on the cards revolve around air travel.

    • Joining fee - Rs. 499.
    • Annual fee - Rs. 499 (waived if the total spends exceed Rs. 1 lakh).
    • 1 reward point given for every Rs. 100 spent on the card.

    • Joining fee - Rs. 4,999.
    • Annual fee - Rs. 4,999.
    • For every Rs. 100 spent, get 4 reward points

    • Joining fee - Rs. 10,000.
    • Annual fee - Rs. 5,000 (waived if the total spends in a year equals Rs. 8 lakh).
    • Get 8 InterMiles for every Rs. 150 spent on retail expenses.

    • Joining fee - Rs. 3,500.
    • Annual fee - Rs. 3,500.

    • Joining Fee – Mentioned at the time of sourcing.
    • Annual Fee - Mentioned at the time of sourcing.
    • Earn 4 Miles for every Rs. 100 spent on the card.

    Tips for Using Contactless Credit Cards

    1. Always keep a check on the breakdown of all your contactless payments. This way, you can keep track of all your transactions and escalate any unusual activity.
    2. If you need to initiate the payment on your own, make sure to hold the credit card flat on the payment area or the terminal.
    3. Try to keep your contactless credit card in your wallet at all times. Most contactless credit cards do not require you to remove it from the wallet.

    Things to Know Before Applying for A Credit Card

    Credit Card Statement

    A 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.

    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.

    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.

    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.

    Credit Card Fraudulent Transactions

    Fraudulent credit card transactions are very common in today's world. Through credit card skimming, phishing, and vishing, your credit card information can be stolen and used without your knowledge. You need to be very alert about any suspicious email and calls that you may receive. You have to report any fraudulent credit card transactions to your bank at least within two days of the event from happening. A few banks also allow you to block your credit card online. Keep in mind that with the growing cases of cybercrimes, you need to be very careful as to where and to whom you give your credit card information.

    FAQs on Credit Card

    1. What is a Credit Card?

      Credit cards are an essential financial tool that enables its holders to make purchases and have the luxury of paying back the amount later. 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.

    2. 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.

    3. 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.

    4. 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.

    5. What is the minimum credit score for a credit card?

      A credit score above 750 is ideal to be able to get a credit card.

    6. 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.

    7. 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.

    8. 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.

    9. 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.

    10. 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.

    11. How many credit cards should I have?

      The number, one should own is not fixed. It depends on your financial ability and your spending behaviour. However, ensure to manage all the cards properly.

    12. Can I get a credit card with a bad credit score?

      Credit scores above 750 are generally deemed as good for credit card approvals. Scores below 750 are usually considered poor, and approval may be subject to providing security (collateral such as fixed deposits).

    13. 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.

    14. 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.

    15. 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.

    16. 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.

    17. 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. A renewed card with a new expiration date is usually a month before the existing card's expiration.

    18. How long are Credit Cards usually valid?

      Credit cards issued in India are usually valid for a period of 3 years.

    19. Does my credit card number change when I renew?

      The renewed card usually has the same number as your expired card, but the new card's CVV (Card Verification Value) number is different.

    20. Can I use my credit card in other countries?

      It depends on your card type. If your credit card is accepted globally, you can use it in other countries as mentioned by your card issuer. However, a certain fee known as the foreign transaction fee will be charged for all the purchases made abroad.

    21. If I make a late payment on my credit card, will it affect my credit score?

      It depends on various factors - the number of days late, the number of instances and the amount due. Based on all this your credit card issuer would take a call about whether or not to report the same to the credit agencies.

    22. Can a credit card be reopened once it is closed?

      Yes, you can always reopen a credit card account if it is closed. How long ago you closed the credit card account will be taken into consideration by the credit card issuer. However, keep in mind that there is no guarantee that the issuer will allow you to reopen the account.

    23. Do I have to pay the bill if I don't use my credit card?

      Almost all credit card issuers will not charge you any fee if your credit card hasn't been used for months. It is unlikely that they will charge you an inactivity or dormant account fee. Inactivity fee is generally charged on deposit accounts, but this will depend on the credit card issuer.

    24. Do I need to use my credit card every month?

      You do not have to use your credit card every month, but you need to use it often to avoid the bank from labelling it as an inactive account.

    25. What are the charges for withdrawing cash using my credit card?

      Different banks will charge different fees. Typically, the charge will range from 2.5% to 3% of your transaction amount. This will be subject to a minimum amount of Rs.250 to Rs.500.

    26. What should I do when my credit card is lost?

      When you lose your credit card, you need to notify the bank immediately and they will block your account.

    27. What are the four types of credit cards?

      The four major credit card networks are American Express (Amex), Discover, Mastercard, and Visa.

    28. Can I use my credit card at an Automated Teller Machine (ATM) without a PIN?

      Yes, you can use your credit card without a PIN. A PIN is required if you plan to use the card for cash advances at ATMs.

    29. Can I get a credit card without credit score?

      Yes, you can always get a credit card without having a credit score. However, the bank will charge a higher fee. Usually, banks accept a CIBIL score in the range of 700-750 and above to issue a credit card.

    30. How do you use a credit card at an ATM?

      This process is also known as cash advance. The maximum amount that you withdraw from an ATM using your credit card will be set by the bank. Keep in mind that this is generally capped at up to 30% to 40% of your credit card limit.

    31. What are the minimum age criteria to apply for a credit card?

      You must be at least 18 years old to apply for a credit card.

    32. In case I apply for a credit card online, how long will the approval process take?

      In case you apply for a credit card online, the approval process may be completed within a day.

    33. Do international credit cards work in India?

      You can use international credit cards in India if the service is available by the bank. You can always contact the bank to know more about using your international credit cards in India.

    34. Can I set a transaction limit in my credit card?

      Yes. You can set a transaction limit for your credit card. You will have to contact the bank credit card customer care to set the limit.

    35. How do I reach to credit card customer care?

      You can reach the credit card customer care of a bank by calling their customer care number or by writing to the customer care email ID.

    36. How to disable or enable international transactions?

      You can easily disable or enable international transactions either by contacting the bank customer care or via online methods - the website or the bank app.

    37. How to change contact details for credit card?

      You will have to submit a form to change the phone number of your credit card. For some banks you can change your number online and for a few banks you will have to visit the bank.

    38. Do I need a No Objection Certificate (NOC) for my credit card?

      Yes. You need to get an NOC against your credit card.

    39. How do Europay, MasterCard, and Visa (EMV) Chip Cards Work?

      An EMV chip credit card works with all payment acceptance devices. These have to be certified and compliant with EMV chip-and-PIN standards. When a transaction is made, you will insert the card into the terminal and the card reader and the chip will communicate and authenticate your transaction.

    40. How does the card issuer decide my credit limit?

      The credit card issuer will decide the credit limit for your credit card by looking into a lot of factors like your repayment history, credit score, etc.

    41. Does credit card charge apply for international purchases?

      Yes, the bank can charge between 1% and 4% for an international transaction.

    42. What is a credit card protection plan (CPP)?

      A CPP is a service which will protect your credit card from loss, theft, fraud, etc.

    43. Can you pay your credit card bill with another credit card?

      Yes, you can pay your credit card bill with another credit card.

    44. What happens to my credit card liability after death?

      When you die, the payment of the remaining bills have to be made by the legal heir.

    Credit Card News

    • Slice rolls out UPI in big payments

      Tiger global backed fintech unicorn, Slice has introduced Unified Payments Interface (UPI) on its platform as it looks to tap into the trillion-dollar payments market in India, which acts as a key customer acquisition funnel. Slice has a waiting list of almost ten million customers, and UPI will allow anyone to utilise the app. The credit line, however, will only be granted to a chosen few customers.

      18 May 2022
    • Co-branded Credit Card Launched by Axis Bank and SpiceJet

      SpiceJet, an Indian airline, and Axis Bank, India's third largest private sector bank, have teamed together to introduce the most rewarding co-branded credit card powered by Visa, which will provide consumers with a variety of perks and incentives. SpiceJet Axis Bank Voyage and SpiceJet Axis Bank Voyage Black credit cards are designed to provide passengers with a superior travel experience through SpiceClub, India's first frequent flyer club.

      16 May 2022
    • Narayan Rane launches second phase of MSME RuPAY Credit Card

      The Union Minister for MSME, Shri Narayan Rane called field officers for reaching targets of growth of MSME. While addressing the National conference of MSME- Development Institutes, Testing Centres and Technology Centres, he had announced that the conference would contribute to shape the vision of Aatma Nirbhar Bharat.

      During the conference, he launched the second phase of MSME RuPAY Credit Card in partnership with National Payments Corporation of India (NPCI) and four other banks- Bank of Baroda, Kotak Mahindra Bank, HDFC Bank, and SBM Bank (India).

      13 May 2022
    • Stashfin launches credit line card only for women

      The neobanking platform, Stashfin launched its #LiveBoundless which is a credit line card for women. This is one of India’s leaders in the space of neo-banking. The card offers welcome credits, cashback rewards, and free ATM withdrawals. There are a lot of value-added services like 1% cashback and benefits up to Rs.5,000 during the first year.

      12 May 2022
    • Axis Bank has plans for scaling scale up their credit card business

      Axis Bank’s slippage ratio when it comes to the credit card portfolio is now under control although the lender suffered a bit during the lockdown. Now, the bank wants to expand its portfolio and the impending entry of non-banking financial companies (NBFCs) into the field is not a hamper for them.

      11 May 2022
    • Mastercard, CRED partner to allow high value payments through credit cards

      Mastercard, in collaboration with Indian fintech unicorn CRED launched a campaign which will enable Mastercard credit card holders to make secure and simple rent and tuition payments for housing expenses using the CRED app. Mastercard has announced that cardholders will now enjoy the convenience of high value transactions along with exclusive cashback and credit card rewards.

      10 May 2022
    • RBI says that credit cardholders can get one-time option to change their billing cycle

      With the interest of the customers, the RBI has released new credit card regulations and suggested that the customers should be able to change their billing cycle. The billing cycle is the regular time between closing dates of two consecutive credit card bills that are raised by the card-issuer. The same will be in effect from July 1, 2022.

      9 May 2022
    • Apple no longer accepts payments made with credit cards issued by Indian banks

      Apple has stopped accepting debit and credit card payments in India. The tech giant will also not accept credit card payments from Indian banks for advertising campaigns on Apple Search. All campaigns will be halted on 1 June. This change is the outcome of the Reserve Bank of India's (RBI) new auto-debit rules, which went into effect last year and are disrupting recurring online transactions.

      6 May 2022
    • Mahindra Finance plans to launch its credit card in the Financial Year 2023

      A new set of rules have been issued by the Reserve Bank of India for credit and debit card operations. The rules will be effective from 1 July 2022. The new rules have been designed to protect the customer's interest and make the transactions more secure.

      5 May 2022
    • RBI issues a new set of directions for credit and debit card operation

      A new set of rules have been issued by the Reserve Bank of India for credit and debit card operations. The rules will be effective from 1 July 2022. The new rules have been designed to protect the customer's interest and make the transactions more secure.

      4 May 2022
    • Fintechs fear new RBI credit card rules will cut off their data lifeline

      Fintech firms that are betting on co-branded credit card are worried that latest Reserve Bank of India (RBI) rules on credit card issuance will cut off their access to customer transaction data. A co-branding partner entity's role is limited to marketing and customer acquisition under the guidelines.

      2 May 2022
    • Former KKR executive launched own fintech company

      A former US-based alternative investment company KKR & Co. has introduced a credit card based fintech startup. It has secured the first round of funding from reputed angel investors. Mumbai based start-up Fatakpay Digital Pvt Ltd which is co-founded by the former principal at KKR Amit Lodha is offering virtual credit cards and various other financial services.

      The group of various other angel investors are Ajay Manglunia (Managing Director at JM Financial), Shobit Bahl (Director at Barclays India), Amit Sahoo (MD at Shapoorji Pallonji Ports), Amit Mittal (Treasury Head at Tata Motors), Sunu Mathew (Promoter at Leap India), and Eshwara Karra (Chief Executive Officer at Kotak Special Fund)

      29 April 2022
    • SBI launches credit card in collaboration with Nature’s Basket

      State Bank of India and Nature’s Basket have joined hands to provide a unique credit card. This credit card will be available in two variants – ‘Nature’s Basket SBI Card Elite’ and ‘Nature’s Basket SBI Card’. The card offers up to 20 reward points on every Rs.100 spent. Along with that, the cardholder gets premium brand gift vouchers and complimentary BookMyShow tickets valuing Rs.6000 every year. Nature’s Basket SBI card customers get up to four complimentary domestic lounge visits every year. And Nature’s Basket SBI Card Elite customers get up to eight complimentary domestic lounge visits every year and six complimentary international lounge visits every year.

      27 April 2022
    • New credit card billing rules will be effective from 1 July 2022

      The Reserve Bank of India (RBI) has introduced new rules related to debit and credit card issuance which include new rules of credit card billing. These rules are also applicable to every Scheduled Bank (except State Cooperative Banks, Payments Bank, and District Central Cooperative Banks) and all Non Banking Financial Companies (NBFCs) operating in India. These rules will be effective from 1 July.

      26 April 2022
    • Reserve Bank of India introduces new Credit Card rules

      The Reserve Bank of India (RBI) has introduced new rules for credit cards that will be effective from 1 July 2022. Credit card users should definitely know the credit card rules introduced by the apex bank of India. These new credit card rules make the situation on the user side hassle-free. The new credit card rules that are implemented come under RBI (Credit Card and Debit Card – Issuance and Conduct) Directions, 2022.

      The rules will be applicable to every bank and Non-Banking Financial Institutions (NBFCs) that are operating in India.

      25 April 2022
    • New rules in credit card closures

      The Reserve Bank of India (RBI) has come up with a new rule on debit card and credit card issuance and operations. The directions are known as Reserve Bank of India (Credit Card and Debit Card – Issuance and Conduct) Directions, 2022 which shall be effective 1 July 2022. The new rules related to the credit cards will be implemented in every scheduled bank, excluding state cooperative banks, payments banks and district central cooperative banks.

      The same rule shall also be applied to all non-banking financial institutions. As per the directions, the issuer of the card will pay a fine to the cardholder if there is any delay in paying the credit card bills. If the card issuer fails to close the credit card account within seven working days, he or she will have to pay a penalty amount of Rs.500 per day to the customer till the closure of the account.

      23 April 2022
    • Unnati credit card has been launched to help farmers

      BOB Financial Solutions Limited (BFSL) which is a wholly-owned subsidiary of Bank of Baroda (BoB) and CreditAI Fintech Pvt. Ltd. (CAI), a Bengaluru and Singapore based farmer digitisation and credit score company have launched a credit card named Unnati on Thursday exclusively for farmers to help them purchase farm inputs.

      Unnati has been launched as a contactless offering on the Visa network. The credit helps in empowering the farmers to avail of agricultural inputs during the cultivation cycle. The Unnati Credit Card allows farmers to access credit on a rotational basis, avoiding renewal delays.

      22 April 2022
    • NBFCs cannot undertake credit card without prior approval of RBI

      The Reserve Bank of India (RBI) stated that Non Banking Financial Companies (NBFCs) undertake credit card business without its prior approval. NBFCs will not be able to issue debit cards, charge cards, credit cards or similar products physically or virtually without the RBI’s approval.

      21 April 2022
    • Prohibition of Use of Debit and Credit Cards for Few International Transaction

      According to the Reserve Bank of India (RBI), under the Foreign Exchange Management Act, 1999 (FEMA) and the Foreign Exchange Management (Current Account Transaction) Rules, 2000, an individual with an internationally enabled credit card or debit card is not allowed to make certain payments with the card (FEMA Current Account Rules).International credit cards and debit cards cannot be used to purchase forbidden items including lottery tickets, restricted or proscribed magazines, participation in sweepstakes, payment for call-back services, and so on.

      20 April 2022
    • Jharkhand government provides Guruji Student Credit Card Scheme

      Jharkhand government to introduce Guruji Student Credit Card scheme from July to help meritorious students who belong to the economically weaker class. The scheme will help students to avail soft loans of up to Rs.10 lakh at an affordable interest rate and with no collateral. The scheme aims to encourage the youth to pursue their higher studies. The online portal for the Guruji Student Credit Card Scheme will be operational from 15 June. Apart from this, a separate cell with a nodal officer from the departmental level will be created on 31 May.

      18 April 2022
    • Parliamentary panel has pitched to provide credit card to MSME entrepreneurs

      The Parliamentary Standing Committee on finance is planning to provide a credit card to Ministry of Micro, Small, and Medium Enterprises (MSME) entrepreneurs along lines of Kisan credit cards. Jayan Sinha, Former Minister of State for Finance and Chairman of the Committee stated that a platform will work on providing MSME with an affordable line of credit with products such as the MSME Vyapar credit card.

      The card will help all the small businesses have working capital ensure trade financing for their revenues and offer capital loans at affordable interest rates.

      15 April 2022
    • RBI to introduce cash withdrawal facility from ATMs without a card

      The Reserve Bank of India (RBI) has proposed to come up with a new facility through which people can withdraw cash from Automated Teller Machines (ATMs) without a debit or a credit card. This service will be available to all the bank customers. Customers can withdraw cash from ATMs with the help of the Unified Payments Interface (UPI) developed by the National Payment Corporation of India (NPCI).

      12 April 2022

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    Credit Cards Reviews

    • RBL Bank
      "Easy to convert for EMI "
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 337
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards
      SBI Cards
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 390
      , hyderabad
      Reviewed on Mar 21, 2020
    • SBI Cards
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 332
      , hyderabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 271
      , jaipur
      Reviewed on Mar 21, 2020
    • IndusInd Bank
      "Good service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 233
      , chennai
      Reviewed on Mar 21, 2020
    • IndusInd Bank
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 109
      , hyderabad
      Reviewed on Mar 21, 2020
    • SBI Cards
      "Good service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 305
      , faridabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank
      "Good service "
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 196
      , chennai
      Reviewed on Mar 21, 2020
    • Citibank
      "Good "
      0.5 4.0/5 "Great!"
      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? 204
      , coimbatore
      Reviewed on Mar 21, 2020
    • HDFC Bank
      "very good"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 298
      , bangalore
      Reviewed on Mar 21, 2020
    • IndusInd Bank
      "Average service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 191
      , bangalore
      Reviewed on Mar 21, 2020
    • Axis Bank
      "Good card"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 269
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank
      "Good service"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 201
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 183
      , kolkata
      Reviewed on Mar 21, 2020
    • RBL Bank
      "Average service"
      0.5 1.0/5 "Really Bad"
      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.
      Was this review helpful? 217
      , ranchi
      Reviewed on Mar 21, 2020
    • HDFC Bank
      "Good service"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 265
      , ranchi
      Reviewed on Mar 21, 2020
    • RBL Bank
      "Okay service "
      0.5 3.0/5 "Satisfactory"
      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.
      Was this review helpful? 182
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards
      "Good card"
      0.5 5.0/5 "Blown Away!"
      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.
      Was this review helpful? 352
      , gurgaon
      Reviewed on Mar 21, 2020
    • IndusInd Bank
      "User friendly"
      0.5 5.0/5 "Blown Away!"
      I used INDUSIND credit card in petrol bunk for renewing my car insurance and many other purposes. The card does not have EMI facility and the bank have not been able to send my statement because of an issue with my email address. So I was not able to get my card statement on time. The credit limit of the card is only Rs.50000 but it was fine.
      Was this review helpful? 30
      , thane
      Reviewed on Mar 21, 2020
    • RBL Bank
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      My RBL credit card have a credit limit of 40000 it was satisfactory, but the charges of the card is little high which is 1000 rupees per year. The bank agent inform me that i will get a reward points of 1000 if i spend an amount of more than 1 lakh in a year.I used to do my bill payment on time so it help me to maintain my credit without any issue.
      Was this review helpful? 36
      , kolkata
      Reviewed on Mar 21, 2020
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