Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
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  • Credit Card Reviews

    • HDFC Bank Credit Card
      "Its Convenient credit card"
      0.5 5.0/5 "Blown Away!"
      I am using HDFC credit card only for the shopping purpose, in my area, many shops are accepting HDFC credit card and I am getting special discounts. I am getting good rewards points for all transaction, I am very fine to use HDFC credit card without any hassles.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Citibank Credit Card
      "Better card to use"
      0.5 5.0/5 "Blown Away!"
      Using IndianOil Citi Platinum card for past 10 years. This card is particularly used for the fuel filling purposes, there is also reward points available in this card, which can be redeemed for the fuel purposes . I am happy with the credit limit with this card. Overall I can say it is a better card to use.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • SBI Cards Credit Card
      "Its Good to hold"
      0.5 3.0/5 "Satisfactory"
      I am getting very good follow up calls from SBI on credit card reminder and they updating good offers on time. I am fine with the credit card its good credit limit. I used to get some offers in online shopping, but I am not much aware of other offers.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • Standard Chartered Bank Credit Card
      "Very good card to use"
      0.5 5.0/5 "Blown Away!"
      Having Standard Charted Super Value Titanium credit card for almost past 10 years. I get benefits like cash back offer, reward points with this card, but I don't use much. This was my first credit card. I am happy with the credit limit. SCB also asked me to upgrade my card but then I haven't accept it. Overall it is very good card to use.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • ICICI Bank Credit Card
      "Convenient for shopping"
      0.5 5.0/5 "Blown Away!"
      I am using ICICI Ferrari credit card, there was no charges for it. I used to get discounts on movie ticket, fuel surcharges etc. I have accumulated 5000 reward points, I could convert those points into voucher and do the shopping its really good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 24, 2017
    • ICICI Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I had taken a credit card from ICICI bank which is free from annual fees. I used to receive reward points and cash back offers from the bank regularly. I did not face any issues for my credit card till date. The customer service is good with ICICI.
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      , meerut
      Reviewed on May 24, 2017
    • SBI Cards Credit Card
      "The best in banking"
      0.5 4.5/5 "Excellent!"
      I hold a credit card with SBI and the offers are excellent and also the credit limit as well. There are charges on the card and there is no refund as well. I am still happy with the bank as the card is accepted all over and the services are good and the statements are clear.
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      , mumbai
      Reviewed on May 24, 2017
    • ICICI Bank Credit Card
      "Fast Service"
      0.5 5.0/5 "Blown Away!"
      I applied for the credit card online with ICICI bank. But I did not receive the card as they rejected my application due to certain norms. But the response was good from the bank. The executives of ICICI bank are so fast in providing the services to the customers.
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      , bangalore
      Reviewed on May 24, 2017
    • ICICI Bank Credit Card
      "Need improvement on the payment method"
      0.5 3.0/5 "Satisfactory"
      I hold a credit card with ICICI bank and the major drawback is they do not have an option online where I am unable to make my payments from another bank debit card. If I got to the branch to pay by cash, I am charged 100 to 200 more. If I pay by cheque the payments reflects only after three to four days.
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      , mumbai
      Reviewed on May 24, 2017
    • Axis Bank Credit Card
      "Useful"
      0.5 3.5/5 "Pretty good"
      I am having the credit card with the Axis bank and the services are fine one with them. Credit limit value is good like its around 1.2 lakh Rupees, which is more than fair enough. Customer service is fine one with the Axis bank credit card.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on May 24, 2017
    • ICICI Bank Credit Card
      "Need to be customer centric"
      0.5 1.0/5 "Really Bad"
      The time I have approached for the ICICI bank Rubyx credit card , the executive came and collected the documents and after 20days the card has disbursed but I have recieved ICICI Coral visa card. Then again I have reached customer service and returned the coral card. ICICI need to give proper service to the customers . They have charged me for the joining fee and the annual fee with this card but later on they have waived off all the charges.
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      , mumbai
      Reviewed on May 24, 2017
    • Kotak Credit Card
      "Till date no hassles"
      0.5 5.0/5 "Blown Away!"
      There are no charges for my credit card and the offers on it is more than satisfactory for me. I also have a decent credit limit and I am happy that Kotak Mahindra bank has given me these benefits. The customer support is also up to the mark and in all no issues.
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      , pune
      Reviewed on May 24, 2017
    • Citibank Credit Card
      "Best card to use"
      0.5 3.0/5 "Satisfactory"
      There is no fuel surcharge with this Citi rewards credit card. The mobile application is not up to the mark. Its not user friendly like ICICI bank. I get reward points and cash back offers in this card. I am happy with the credit limit with Citibank card. There customer support is very good with Citibank. Overall I am happy using Citibank credit card.
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      , mumbai
      Reviewed on May 24, 2017
    • SBI Cards Credit Card
      "Under updattion"
      0.5 4.0/5 "Great!"
      Having SBI simply save card for past 2 years, Availing the benefits like reward points and the cash back offers with this card. The customer service need improvement here. I am happy with the credit limit with this card. The mobile application need to focused a lot. Overall it is an average card to use.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 24, 2017
    • ICICI Bank Credit Card
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Holding an ICICI Bank coral Visa Credit card for past 2 years, this card has the benefits like reward points, cash back offers and fuel surcharge waiver with this card. I am happy with the ICICI credit limit. I pay the credit bill through the mobile application which is very easy to do.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 24, 2017
    • HDFC Bank Credit Card
      "Wonderful "
      0.5 4.0/5 "Great!"
      I do have the HDFC bank credit card and am with them from the last ten months of time. Credit limit value is around 80000 Rupees. Online services with the HDFC bank credit card is good and the bills are clear with them. There is no processing charges because its the corporate account.
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      , bangalore
      Reviewed on May 24, 2017
    • ICICI Bank Credit Card
      "Wonderful "
      0.5 4.0/5 "Great!"
      I am having the ICICI bank credit card and am using it from the last five years of time. Customer service is good one with them and the offers are kind of nominal only, also there were nil offers sometimes. Bills and the payments are clear with the ICICI bank credit card.
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      , bangalore
      Reviewed on May 24, 2017
    • Citibank Credit Card
      "Good "
      0.5 5.0/5 "Blown Away!"
      I got cash back offer for my credit card from CITI bank. I have premium card the annual fee for the card is 750. Credit limit is less only so I am planning for the upgradation. Interest rate is very normal with CITI bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 24, 2017
    • HDFC Bank Credit Card
      "Nice benefits"
      0.5 5.0/5 "Blown Away!"
      I get all the benefits on my credit card, there are loan facilities and EMI options and the other normal offers like the cash back and discounts and rewards as well. There has never been any discrepancy in the statements. HDFC Bank has been up to the mark overall.
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      , chennai
      Reviewed on May 24, 2017
    • SBI Cards Credit Card
      "It should be transparent"
      0.5 5.0/5 "Blown Away!"
      I am using SBI IRCTC credit card, they are giving best offer on train booking, when I book any railway ticket through my credit card, ticket cost is getting low. But I faced some issues with SBI credit ca rd, I have paid all the out standing due of my card, but SBI impacted credit score hence unable to loan from any bank. I had lot of communication with them but still it was not resolved.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 24, 2017
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    Interest-free Grace Period on your Credit Card is Rated as "Excellent!" by 34750 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Credit Card BYTES FROM OUR KITCHEN

    Understanding the benefit of a good number of days of grace period is important, when choosing a credit card. Interest-free grace periods help you save a substantial amount every year.

    Points to Remember:

    • Grace period is the timeframe between your bill cycle’s end to the payment due date. It is only interest-free if you pay your due payments on time. If you make your payment on time in full, consistently, sometimes the bank gives you a break on interest on your card for the present billing period.
    • Credit card companies are not required to provide a grace period, however most of the banks grant a grace period between 20 to 60 days in India. It is also referred to as the interest-free period. For those who struggle to make their payments on time, it may be tough to make payments in full and qualify for the grace period.
    • If you carry a balance from a previous billing cycle to the next, then there is no possibility for you to enjoy the leeway of grace period on your credit card.
    • However, grace period does not apply on the cash advances on your credit card issued by most banks in India. So, if you withdraw cash using your credit card, interest will be charged until the payment is fully cleared.
    • If, you as a cardholder do not pay your bill on or before the due date, interest is applied on your entire outstanding amount as well as the new purchases made using the credit card.

    Example:

    Let us try and understand interest-free period on your credit card with an example:

    For instance, Seema is a credit card user. Being a first time credit card user, she makes a purchase of Rs.2200 on the first day of her billing cycle for the month. At the end of the billing cycle, she pays off her outstanding balance on the due date, clearing her balance. Therefore, she will not be charged any interest in her purchases in the next month. This is wise use of grace period.

    What if, Seema left Rs.200 of her balance unpaid from the first month? The unpaid Rs.200 would start accruing an interest, right from the beginning of the billing cycle. The purchases made during the second months are also hit by interest charges. Although, it may not be a huge amount month-wise, but if Seema continues the pattern month-on-month, she could end up suffering a substantial amount of loss over a year.

    Thereby, it is very important how you can save yourself from being charged interest during the grace period granted by the bank. Cardholders must remember that if credit card bill payment is not up to date and not paid in full, he or she cannot enjoy any grace period.

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