Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Credit Card BYTES FROM OUR KITCHEN

    NRI Credit Cards

    Keeping the needs of financial of NRI customers in mind, banks have been offering special NRI Credit Cards to enable NRIs handle their payments with ease, while in India or abroad. While mostly similar to a regular credit cards, there are certain aspects of an NRI credit card which are different from usual. NRIs can use this credit card to make purchases, for travel bookings, to pay at restaurants, etc. the biggest advantage these cards offer is that they allow the cardholder to pay in rupees and eliminate the hassle of currency conversion.

    Benefits of NRI Credit Cards

    NRI Credit Cards afford many benefits to the card holder, which are listed as follows:

    • Reward Points - Cardholders can make purchases in India or abroad and earn reward points for the same.
    • Surcharge Waiver- Cardholders get a waiver on fuel surcharge when they use the card to purchase petrol at fuelling stations and on train bookings done in India.
    • Cash Back – When the card is swiped at any partner hotels, for international purchases, etc., cardholders can get some cash back.
    • No Currency Conversion Required – The most important benefit provided by an NRI credit card issued from a local bank is that they eliminate the hassle of currency conversion or the need to use a card of another country as transactions are carried out in Indian currency.
    • Revolving Credit Facility – With the revolving credit facility, cardholders can benefit from interest-free periods and also have the option to carry their balance forward (interest ill be charged on balance).
    • Interest – Interest charged on NRI credit cards may differ from one bank to he other. While the interest ill be more than what is charged on a regular credit card, various banks do offer low interest on these cards. Do find out the interest chargeable on the card before applying.
    • ATM Access - NRI credit cards will provide the cardholder access to cash at hundreds of VISA or MasterCard ATMs not inly in India but also overseas.
    • Easy Payment Options – One can make easy payments for an NRI credit card through their NRO, NRE or FCNR account. After making an inward remittances to any of the aforementioned accounts, NRIs can then make their credit card payments.
    • Add-on Cards – NRI credit cards also provide the facility of add-on or supplementary cards which can be used by your family members who can also benefit from the usage of the card.

    Eligibility for NRI Credit Cards

    For an NRI to apply for an NRI credit card, banks have an eligibility criteria laid down. Some of the commonly requested requirements include the NRI to hold an NRE (Non-Resident External Rupee) or NRO (Non-Resident Ordinary) account with the bank. This is one of the most important criteria followed by every bank that issued NRI credit cards. The type of account in this case can be a Current, Savings, Term Deposit or a Fixed Deposit Account. The credit limit permitted on the credit card will be decided based on the amount parked in the account, which is only a measure to determine the repayment ability of the account holder. Certain banks may also require the account holder to maintain a minimum balance in such accounts in order to be eligible for accredit card.

    Documents Required For Application

    In order to apply for an NRI credit card, the applicant will require to provide the bank with the following documents. For specific documents required to obtain a credit card, please contact your bank.

    • Photocopy of the applicant’s passport / visa / work permit / address proof for their overseas and/or India / an official document with proof of signature.
    • Passport sized photographs.
    • A self-cheque drawn by the NRI applicant on their bank account held abroad.

    Things To Remember About NRI Credit Cards

    When it comes to NRI credit cards, here are some things one must keep in mind before choosing a card.

    • Fees – credit cards will carry an annual fees, joining Fees and processing fees.
    • Interest rate – Check the rate of interest that’s charged by the bank. Compare between different banks before choosing a card.
    • International Acceptance – Find out in what countries will your card be accepted and where it wont.
    • ATM Usage – Find out the charges for cash withdrawal when you use your card at the same bank or a different bank’s ATM.
    • Card Protection – Find out if your bank provides services such as Lost Card Protection, Fraud protection cover if the card is stolen or lost.
    • Custom Duty – Will there be any Custom Duty charged if you use your card in another country?
    • Charges – What are the charges applicable on late payments or for cancellation of the card.
    • Monthly Payments – How convenient is it to make monthly payments of your credit card from another bank account? What options do you have to make payments such as in cash, by cheque, NEFT, IMPS, etc.

    Banks Offering NRI Credit Cards

    There are various banks in India such as HDFC, SBI, Kotak Mahindra, ICICI, Axis Bank, Citibank and others who offer NRI credit cards. Some of these are as follows:

    • State Bank of India - State Bank of India has introduced the NRI Platinum which offers multiple benefits such as payment of purchases and transactions in Indian rupees, 2% cash back on purchases abroad, travel insurance against a number of risks, low interest on unpaid balance, add-on cards, FlexiPay option and many more.
    • Kotak Mahindra Bank – The NRI Royale Signature is a special NRI credit card offered by the bank which comes with several premium benefits such as 2x rewards on international spends, facility to purchase and pay in INR, waiver on fuel and railway surcharge, option for an Add-on Card, sophisticated protection against fraudulent card usage or theft and many more such benefits.

    NRI Credit Cards Reviews

    • ICICI Bank Credit Card
      "Good application but need improvement"
      0.5 3.5/5 "Pretty good"
      I don't have good experience with ICICI, anyway the I mobile app is easy to do fund transfer and other service and if I place the request for cheque book immediately processed it. However some time the service get hang , they need to develop on that part.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 14, 2019
    • SBI Cards Credit Card
      "Good for air port lounges"
      0.5 4.5/5 "Excellent!"
      The SBI card is good, I used to get air lounges in the air port and they issue good credit limit based on the customer profile, but they don't have any cash back. The customer support is also not good they need to improvement however card features is good and charges are nominal.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 14, 2019
    • HDFC Bank Credit Card
      "Good card and best to use"
      0.5 5.0/5 "Blown Away!"
      I am very much happy with the HDFC service and am using the credit card for one year. It is Money Back visa credit card. They are providing cash back offers, it depends up on the transactions. I have converted the out standing payments into EMI and charges are reasonable.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 14, 2019
    • ICICI Bank Credit Card
      "Good"
      0.5 3.0/5 "Satisfactory"
      The redemption of reward points are very less and the product they are offering for the points which was high. I am not able to purchase the product on those points. I have no issues with the customer support. The rate of interest is average. I need to spend a lot to accumulate the 10% discounts for shopping.
      Was this review helpful? 0
      , mohali
      Reviewed on Jan 14, 2019
    • HDFC Bank Credit Card
      "Offers are average"
      0.5 4.0/5 "Great!"
      I am not satisfied with the benefits and have been using the credit card for more than 10 years. The credit limit is good. The charges are more for the credit card. I am able to manage the account online. I can do the payment into their app and net banking. I have taken flexi pay and charges are high since I don't use.
      Was this review helpful? 1
      , mohali
      Reviewed on Jan 14, 2019
    • HDFC Bank Credit Card
      "Okay"
      0.5 3.5/5 "Pretty good"
      HDFC credit card is good in between some of the period I did not use the card much. I cannot convert the payment into EMI and it does not have that option. The service wise they are good and no issues. Its a zero fee card, reward points are there other than there was no much offers.
      Was this review helpful? 1
      , hosur
      Reviewed on Jan 14, 2019
    • SBI Cards Credit Card
      "Best card"
      0.5 4.5/5 "Excellent!"
      SBI is doing good service and the offers. It has Flexi pay option and reward points can be redeemed easily. Am much satisfied with SBI and using it for 3 years. Annual charge will be waived off If I use to certain limit. The credit limit was enough to me.
      Was this review helpful? 1
      , hosur
      Reviewed on Jan 14, 2019
    • ICICI Bank Credit Card
      "Can do Better"
      0.5 3.0/5 "Satisfactory"
      In ICICI bank, they were already collecting the interest rate for swiping the card, again in the bill they were adding one more charges its not upto the mark. Its a normal card with other benefits but still I think it has the annual fee around Rs. 500.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 14, 2019
    • HDFC Bank Credit Card
      "Good service and need to reduce the interest "
      0.5 4.0/5 "Great!"
      The charges are very high on HDFC credit card which is around 10 to 11% some cases its 12%. I am using the card for 5 to 6 years and after 2 years they have enhanced the credit limit. They are charging annual fee and I don't know the figure. The online service is good and am not satisfied with the customer center, only Chennai office is doing good response.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 14, 2019
    • Punjab National Bank Credit Card
      "Good card"
      0.5 4.5/5 "Excellent!"
      There was no issues on the credit card experience. The customer service was very fine. I have been using Punjab National Bank card for around 10 years. I use it only for shopping and there was no offers, its just a basic card. I can covert the payment into EMI and the charges are minimal which is 3%.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 14, 2019
    • HDFC Bank Credit Card
      "Dissatisfactory Experience"
      0.5 1.0/5 "Really Bad"
      My HDFC credit card experience is not upto the mark, I have activated the auto debit option. My due date falls on 24 of every month, but one day my salary credited got delayed on that same days. Hence they charged Rs. 500, however within few hours my salary got credited in my account but still they didn't give waiver. I am using this account for past 4 to 5 years its good.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 14, 2019
    • HSBC Bank Credit Card
      "Good to hold"
      0.5 5.0/5 "Blown Away!"
      I do have a HSBC credit card and they are great in service and the offers. But the accessibility is bit less but still online banking and the customer service support is good. The credit limit was good amount. It is a life time free credit card. I am having HSBC Gold card and its almost 10 years.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jan 14, 2019
    • ICICI Bank Credit Card
      "Need to improve"
      0.5 4.0/5 "Great!"
      I am having Coral card and using it almost 5 years, Still am not sure about the benefits. It was fine for the basic purpose. The credit limit needs to be better. There is no annual fee. I have contacted the helpline number and it takes bit longer to connect with the representative. There is no hidden charges so far.
      Was this review helpful? 0
      , thiruvananthapuram
      Reviewed on Jan 14, 2019
    • HDFC Bank Credit Card
      "Convenient to use"
      0.5 5.0/5 "Blown Away!"
      I do have a credit card with HDFC Bank and its been 3 years now. I am happy with the offers and the credit limit. The customer service is very good. There is no hidden charges. The late payments are also nominal and I can convert the payments into EMI. Most I like it on the card is I can convert the reward points into cash.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 14, 2019
    • Bank of Baroda Credit Card
      "Reminder alert should be implement"
      0.5 3.5/5 "Pretty good"
      For the minimum amount due the interest rate is good around 14% in Bank of Baroda credit card, the customer service is good. But there was no message or calls from the bank end about the billing details. My due date 20 days, because of non reminder I just missed my payment. However the credit limit is good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 14, 2019
    • IndusInd Bank Credit Card
      "Need lots of improvement"
      0.5 2.0/5 "Expected more"
      I closed the Indusind credit card because the transactions and other charges are very high. The customer service is average for the minimum balance due they have high interest rate around 44% its not fine for me. Therefore I closed my credit card.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 14, 2019
    • HDFC Bank Credit Card
      "Good Card"
      0.5 3.5/5 "Pretty good"
      I hold a HDFC credit card and i have just started using it. I have got a good limit on my card. Its a free life time card with no annual charges. I am getting offer related messages and i am yet to experience the offers. Hope HDFC will serve better..
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 13, 2019
    • Bank Bazaar Credit Card
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was the first time experience i had with the services of Bank Bazaar and they had been making a good follow up from starting after i had applied my credit card through them. I had been using the website of them which has been convenient and the process through them was quick.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jan 13, 2019
    • Citibank Credit Card
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with this card since it was better card compared with the other cards. The process in getting this card has been simple and there has not been any delay in getting this card. The credit limit with this card was quite less than expected and there is some annual charges with this card which will get waved off as per the usage.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jan 13, 2019
    • Bank Bazaar Credit Card
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It was a good experience i had with the services of Bank Bazaar where i had been using the services of them for a while. I had used their web portal which has been convenient and has been easy in using. Their customer support team had also been helpful and has been responsive as well.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jan 13, 2019
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