Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  •  Loading your search... Loading your search...
  • Difference between Debit & Credit Card Reviews

    • Kotak Credit Card
      "Not happy with the services"
      0.5 2.0/5 "Expected more"
      I am not happy with the credit card of Kotak Mahindra bank. There are so many charges like late payment fee and EMI charges. It is a life time free credit card. The bank has also offered me a very low credit limit of around 15K. I would not wish to recommend them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 24, 2017
    • HDFC Bank Credit Card
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has offered me a credit card and the bank has been doing well in the services. The offers are good and the charges are normal. The customer services are satisfactory. They send me clear statements and I have a better credit limit than the other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 24, 2017
    • HDFC Bank Credit Card
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      HDFC Bank has offered me a credit card and the bank also keeps updating me of new offers. The limit is good and the experience is nice overall. I get intimated as soon as I make a transaction and there has never been any extra charges taken on the bills.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 24, 2017
    • ICICI Bank Credit Card
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      The services at ICICI Bank has been up to the mark. There has not been any kind of inconvenience in using the credit card. I am not used the card much though, I make my payments as and when I use the card. The limit on the card is good and it is hassle free.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 24, 2017
    • HDFC Bank Credit Card
      "Better Service"
      0.5 4.0/5 "Great!"
      Recently I availed credit card from HDFC bank. This is the bank where I maintain my salary account. Credit limit is good and the interest rate is good. I do have reward points and cash back offers. But I never redeemed those points. Customer service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 24, 2017
    • HDFC Bank Credit Card
      "Good overall"
      0.5 4.0/5 "Great!"
      HDFC Bank has also offered me a credit card and they have given me a decent credit limit. There are continuous deals on the card and till date there are no issues faced. There are calls informing me about the offers I am eligible for. The charges on the card is very much nominal.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 24, 2017
    • IndusInd Bank Credit Card
      "Satisfactory services"
      0.5 4.0/5 "Great!"
      I hold a credit card of Indusind Bank also the customer service offered by them was really good. Though I was given offers, I do not use it much as I use the card only when I needed it, Even the billing cycle is convenient and the card is accepted every where online and offline.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 24, 2017
    • Citibank Credit Card
      "Good services"
      0.5 4.0/5 "Great!"
      I bank with Citibank for the credit card and there has been no fault with the bank till date. The customer services and response is good. I often receive calls from them informing me about the new offers. The credit limit is to my expectations.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jul 24, 2017
    • HDFC Bank Credit Card
      "HDFC BANK Credit Card"
      0.5 0.5/5 "Unacceptable"
      I have applied for a HDFC Bank Credit Card, and uploaded all my documents. They approved and said no further documents required. HDFC called and told coming to collect the documents but after that no one has called me its more than 10 days. Now I am getting message stating that my application is closed. Its really pathetic service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 24, 2017
    • ICICI Bank Credit Card
      "Good deals and services"
      0.5 5.0/5 "Blown Away!"
      I hold a credit card of ICICI Bank and the billing cycle is very much normal. The statements are sent to me on time always so I am able to make my payment as well on time. There are always new offers and the credit limit is also to my satisfaction. In all I did not face any hassle with ICICI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 24, 2017
    • Citibank Credit Card
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I have got Citibank reward card 2months ago. The customer service and the response is really good with Citibank. The rate of interest is very much nominal with Citibank. The Citi rewards card has got the good reward points system, which in turn enabled me to get many gifts. I am happy with the credit limit, but still it can be extended further more.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 24, 2017
    • ICICI Bank Credit Card
      "Nice experience"
      0.5 4.0/5 "Great!"
      ICICI Bank has offered me a credit card as well and the offers on the card are very much realistic. I used to get a lot of deals online and there are EMI options as well. The charges are normal and the bank has offered me a good credit limit. Furthermore, I have no issues with the statements too.
      Was this review helpful? 0
      , vadodara
      Reviewed on Jul 24, 2017
    • American Express Credit Card
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      I also bank with Amex Bank for a credit card and banking with them is excellent. The customer services are excellent in communication and the deals they offer on the card is perfect too. The limit is more than satisfactory for me. The billing is clear as well.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • ICICI Bank Credit Card
      "Offers are good"
      0.5 5.0/5 "Blown Away!"
      I hold a credit card with ICICI Bank and I am happy with the offers the bank provides me. There are a lot of cash back deals and the points are also redeemable. The statements are clear and the billing cycle is also comfortable for me. Overall no hassles.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • ICICI Bank Credit Card
      "Very good benefits"
      0.5 4.5/5 "Excellent!"
      The offers on the credit card is good and the bank has also given me decent credit limit. The customer services and response has been perfect with ICICI Bank. I get a lot of rewards on all my transactions and the points can be redeemed online too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • Bank Bazaar Customer Support
      " One stop for loans/credit cards"
      0.5 5.0/5 "Blown Away!"
      Very good place...Bank Bazaar is a place where one can find the solution for the people who are looking for loans/credit cards, easy to compare with other banks, where you can choose the best of the best for Loan and credit cards. Bank bazaar is a very good place for Loan and credit cards.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 23, 2017
    • IndusInd Bank Credit Card
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      I hold a credit card with Indusind bank and they provide decent offers. I used to get updates are on time and I get intimated when ever I make a transaction. The customer services and the response is good as they are supportive when ever I contact them for any query.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • SBI Cards Credit Card
      "Offers are good"
      0.5 5.0/5 "Blown Away!"
      SBI is excellent on the credit card offers. They have offered me a life time free card and the credit limit is about a lakh and more. The best I prefer about the card is the balance transfer option, it is convenient and useful to me. I get a lot of deals online for this bank.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • ICICI Bank Credit Card
      "High charges"
      0.5 4.0/5 "Great!"
      ICICI Bank needs an overall improvement in the customer services and the credit card deals. The credit limit is also not up to the mark. I was offered a limit of around 63k online and the worst of all is the bank is very high on the annual fee and other charges too.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    • HDFC Bank Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I get a lot of discounted offers from HDFC Bank for the credit card. The customer services are excellent and it is a life time free card. The limit is also satisfactory, it is around one lakh. The statements are clear and the rewards are also good.
      Was this review helpful? 0
      , indore
      Reviewed on Jul 23, 2017
    Common Loader Icon

    Difference between Debit & Credit Card is Rated as "Excellent!" by 36247 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Credit Card BYTES FROM OUR KITCHEN

    There are significant differences between debit cards and credit cards. A debit card can be availed by any individual who has a current or savings account in his/her name and have deposited a sum of money in it. A debit card holder can use his/her card to make purchases, provided he/she has funds available in the account. A credit card is offered by lenders to those who fulfil various eligibility criteria. For people who apply for a credit card, a separate credit card account is opened in which the credit limit specified by the lender is available. This credit can be used by the borrower as a short-term loan and has to be repaid by the due date. An interest will be levied on the outstanding amount on the credit card.

    Various other differences between a debit card and credit card are highlighted below:

    Debit Card Credit Card
    Only the funds available in the current/savings account can be used to make transactions. Credit available in the credit card account can be used to make transactions.
    The availability of funds is based on the investment made to the account. The availability of funds is based on the credit limit set by the lender.
    Interest is earned on the deposit available. Interest is levied on the outstanding balance.
    EMI facility is not available on debit cards. EMI facility is available on credit cards.
    No repayment required. Repayment of outstanding amount can be made either as revolving credit (payment of minimum due amount on the credit card account or payment of more than minimum due on the card and less than total outstanding amount) or the borrower can choose to pay the total outstanding amount by the due date.
    Charges include joining fee, processing fee, annual fee, etc. Charges include joining fee, processing fee, annual fee, late payment fee, prepayment penalty/ foreclosure charges.
    Monthly bank statement is sent to the borrowers. Monthly credit statement is sent to the borrowers with details of bills, transactions, total credit outstanding, minimum amount due and due date of payment.
    Any savings/current account holder can avail a debit card. In order to avail a credit card, the applicant must fulfill the lender’s eligibility criteria. Factors such as the CIBIL score or credit history, existing relationship or transaction history with the bank, debt-to-income ratio, etc. affect the individual’s credit card eligibility and approval.
    Fraud liability offered by the Bank/ financial institution is low in the case of a debit card. Unlike a debit card, credit cards come with high fraud liability and insurance cover for losses incurred from the theft and misuse of a credit card.
    The transactions made on a debit card does not affect an individual’s credit history. Transactions made on the credit card is reflected on an individual's credit history and is reflected in his/her CIBIL score.
    Overdraft facility is limited in the case of a debit card. Overdraft facility is available on credit cards. However, an overlimit fee is chargeable on the same.

    Differences between ATM card, credit card and debit card

    While all three are plastic forms of currency, there are quite a few differences between ATM cards, credit cards and debit cards. Given below are the major differences between the three:

    ATM cards can be used at ATM’s only

    While this might seem obvious, the statement is quite a significant one. ATM cards have one purpose, and one purpose only - to enable you to withdraw cash from an ATM. They cannot be used to pay for groceries or a bill at a restaurant, for example, as they can only be read by an ATM machine, which in turn dispense cash from your savings or current account.

    Debit cards can be used anywhere, but require access to real-time funds

    If you’re looking for a card that can be used for transactions as well as to withdraw cash, then a debit card is the one for you. Debit cards can be used at ATM machines to withdraw funds that are already available to you. In other words, once the withdrawal is complete, the money will be debited from your savings/current account in real time. The same goes for purchases made using your debit card at restaurants, malls, cinemas, etc.

    If you do not have sufficient funds in your account at the time of making a purchase using your debit card, the transaction would go through if your card is linked to an overdraft account (which would permit you to withdraw a set sum that is over and above the amount you actually have in your bank account). If you have not linked your card, the transaction would not go through and the card will be declined.

    Some debit cards could also entitle you to cashback, or a return of a portion of the amount you spent on your card. This facility depends on the type of debit card you possess and on other factors such as the type of transaction and the place the transaction is being made.

    Credit cards can be used anywhere and function like mini-loans

    A credit card is, for all intents and purposes, a loan that the bank provides you at the time of making a purchase. Credit cards are not directly linked to your savings or current account, meaning there is no real-time deduction of money every time you make a purchase using your credit card.

    You will have to make a monthly payment at the end of your credit card billing cycle, where you will be required to make a payment towards your outstanding amount.

    You can choose to either pay off the whole amount or pay only a fraction of the cost, known as the minimum amount due. The balance amount, if any, attracts interest, which will accrue until the entire amount has been paid off.

    Applying for a credit card affects your credit score, which is the basis of your creditworthiness. Financial institutions look at your credit score before approving a loan or a credit card, as the score is used to judge whether or not you will be able to repay the loan or outstanding amount on your credit card.

    Credit cards also come with more additional benefits in the form of extended warranties or special offers, such as cash back, frequent flyer miles, etc. In this way, choosing the right credit card to suit your needs would result in you being able to raise your credit worthiness through informed spending, making it easier for a future credit card application or loan application to be accepted.

    These are some of the differences between an ATM card, debit card and credit card. There are many banks in India that offer these cards and people are advised to research before they apply.   

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.