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

    Which Credit Card is Right for You?

    Most of us don’t know we have a choice between different credit cards. The credit card offered to us is the one we accept. But choice is our fundamental right. Banks of India actually provide a dizzy assortment of cards that carry specialized benefits that range from rewards, cashback and shopping to miles, fuel and entertainment. Choosing the perfect card for you can make all the difference between enjoying benefits that are perfect for you or getting benefits that make no sense to you. There’s no perfect card in the world that can be rated number one. The number one card for you depends on your preferences and tastes.

    Types of Credit Cards:

    Banks offer different cards to suit the varied tastes and preferences of customers. You need to identify which category you prefer the most to find out which credit card is right for you. You need to identify who you are rather than who you want to be. The main types can be categorised as follows:

    • Shopping – If you like to shop, lifestyle cards will offer you a number of benefits that include deals, discounts, cashback and rewards. Many times, banks partner with stores to bring you fabulous deals that you will not be able to resist. These cards may also give you access to exclusive sales, previews and more. Shopping cards are not limited to retail shopping. Cards are designed for groceries and household needs. With these grocery cards, homemakers can enjoy deals while they look after their home and family.

    • Travel – There’s a difference between a person who loves to travel and a traveller. If you actually travel a lot on business or on pleasure, you can earn a number of rewards by spending on your credit card. If you’re a person who loves to travel, but doesn’t actually get down to doing it, this card wouldn’t be the best for you. Travel cards let you earn miles when you spend. It also might provide you great insurance cover for your life, baggage and travel time. These cards may also provide access to lounges and concierge services like flight, hotel and cab bookings.

    • Entertainment – Do you like going out? If you like clubs, dinners, movies, concerts and more, you could get discounts, complimentary drinks, free tickets, exclusive invites, and earn rewards on your spends.

    • Fuel – If you find yourself filling up your gas tank often, the fuel cards could benefit you. You will get fuel surcharge waivers. You can earn credit card reward points when you spend on fuel and related products. Make sure you know the details of your credit card. Some cards require you to fill up only at specific petrol pumps or swipe on the bank’s specific machine.

    • Others – There are a number of other unique cards that are designed to suit special needs. There are rewards cards, cash back cards, student cards, golfing cards, educational cards, and more. Choose the card that you feel would be apt for you.

    Choose the right Card from the Right Bank:

    Apart from choosing the right card, you need to choose the right bank. Many banks may offer you credit cards. You could choose the bank with which you maintain your savings or current account. There are other banks that allow you to take cards without having an account. You can find out about the credit cards you are eligible for by using websites like BankBazaar. You can then view and compare different offers to find the best card for you.

    Know the right details:

    While selecting your ideal credit card, look at the details. Some of the important information you need to be aware of has been listed below.

    Billing cycle - Banks usually set the billing date as the 15th or 20th of every month. Knowing this date is important to get a longer interest-free cycle. If you’re interest free credit period is 45 days and the billing date is 15th, then when you make a purchase on 14th, it will be billed the next day and you do not have a long free credit period. If you make the purchase on 16th, you will get the full 45 days to pay your bill back.

    Interest rate - You are charged interest only when you carry forward a balance. If you pay your bills in full, you will never incur interest. So if you are one to pay your bills on time and in full, interest rates shouldn’t matter much.

    Annual Fees - Most credit cards carry an annual fee, joining fee and renewal fee. If you are one to use your credit card sparingly, go in for a credit card that does not carry annual fees. Some cards waive the annual fee if you spend above a certain limit. So if you are a big spender, you needn’t worry about the annual fee.

    Late Payment charges - Be aware of how much your bank charges if you miss the payment due date. Banks also increase your interest rate when you default on a payment.

    Cash Credit - Cash credit usually carries high interest rates and no credit free periods. So cash should be withdrawn only if absolutely needed. Know the details before you use your credit card to withdraw money.

    Rewards - If your bank is offering reward points, don’t be taken away by how many points you can earn on your credit card. Credit card reward points are just a small reward for spending on your card. You can usually earn 1 point for every Rs. 100 you spend. You can redeem these points at an average rate of 1000 points for a Rs. 250 - Rs. 500 voucher. So it might cost you Rs. 1 lakh to earn a voucher worth Rs. 500. You can view reward catalogue before you apply for a credit card to see if your rewards are worth it.

    Tips:

    • Know what kind of customer you are and which type of card will benefit you more.
    • Choose a bank that offers you what you require. Don’t let the bank choose you.
    • Research online between different banks, or use websites like BankBazaar to make comparisons.
    • Always make an informed decision.
    • If you choose to apply for a credit card through a telecaller, don’t hesitate to ask for the required information. Don’t let yourself be pressured into the wrong card.
    • Credit Cards come with great responsibility. Don’t take it lightly.
    • Spend only what you can pay back.
    • Pay your bills in full to be free from interest charges.

    Which Credit Card is Right for You Reviews

    • ICICI Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using ICICI bank credit card for while, there service is good, they have not charge any annual fee in this bank ,and i am happy with my credit limit which they have given in this card and they provide good offer and discount in shopping and in fuel , overall service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • Standard Chartered Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using standard chartered bank credit card for an while, they have not charged me annual fee in this card , as it is life time free credit card, and i am happy with my credit limit they have given me in this card, and there overall service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • SBI Cards Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been holding SBI credit card for long time, they have charged me annual fee in this card. but it use to get revise it like there is waived off option is available in this card, if i spend certain amount then my annual fee will get waived off, i am happy with my credit limit they have given me good limit, there service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • Citibank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using Citi bank credit card for an while, they have charged me annual fee in this card,but there is waived off option available in this card,like if i spend certain amount then my annual fee will get waived off, and i am happy with the credit limit they have given me in this card,there overall service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • Axis Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using Axis bank credit card recently, they have not charged me annual fee in this card, as it is life time free card, and i am happy with the credit limit they have given me in this card, the reason for choosing this bank credit card is because they provide me good offers and there service is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • HDFC Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using HDFC credit card recently, they have charged me annual fee in this card, but there is waived off option available in this card ,like if i spend 90,000 in an calender year,then my annual fee will get waived off, and i am happy with the credit limit they have given me in this card, and they are giving good on line shopping offers.
      Was this review helpful? 0
      , chennai
      Reviewed on Jan 21, 2019
    • Kotak Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been using Kotak mahindra platinum bank credit card for an while,they have not charged me annual fee in this card, as it is life time free credit card, and i am happy with the credit limit they have given me in this card, and they have not giving much good offers, only for shopping this card is useful.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • Citibank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been holding Citi Rewards bank credit card , they have charged me annual fee in this card they have charged me up to 500 rupees and annual fee,but there is waived off option available in this card, like if i spend certain amount they my annual fee will get waived off, and they have given me good credit limit in this card, and i am happy with reward point they use to give good reward points.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • HSBC Bank Credit Card
      "Good Card"
      0.5 5.0/5 "Blown Away!"
      There are many offers are going on and there is no annual fee hence i have opted this card. I have received the card on time. I got my first month bill and the statements are clear. I used to receive a promotional updates to my mails. Once i spoke with customer care and its easy to connect.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 21, 2019
    • ICICI Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been using ICICI bank credit card for long time, they have not charged em annual fee in this card ,as it is life time free credit card, and i am not happy with the credit limit ,i want to extend my credit limit, and the best thing is there offers they give good offers in regular basis.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • SBI Cards Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been using Sbi credit card for long time,they have charged me annual fee in this card, but there is waived off option available in this card,like if i spend certain amount then my annual fee will get waived off ,and i am happy with the credit limit they have given me in this card, there offers are good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • Citibank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been holding Citi INDIAN OIL bank credit card for long time, they have not charged me annual fee in this card as it is life time free credit card, and i am happy with my credit limit they have charging me in this card, there service is good, they give good offers in fuels, like in petrol they use to give good cash back and even discount.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • HDFC Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been using HDFC credit card for long time,they have charged me annual fee in this card, but there is waived off option available in this card, as i spend certain amount then my annual fee will get waived off , and i am happy with the credit limit they have given me in this card, and even there offers are good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • Bank Bazaar Credit Card
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service from past 1-2 years ,there service is good, and i came to know through on line, as i usually check the credit score and compare the bank which one would be good, i have been using mobile application, it is easy to access, and there application is user friendly, overall service is good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • Axis Bank Credit Card
      "Excellent card"
      0.5 4.0/5 "Great!"
      I have applied for Axis bank credit card recently,the reason for choosing this bank credit card is that they give good offers in on line like in flip kart or amazon site i use to get good cash back,and they have charged me annual fee up to 250 rupees, but it is kind of life time free card,like i use to get offers or points in it , and i am happy with credit limit they have given me in this card, they have given me 25,000 i am satisfied with it,and there service is good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 21, 2019
    • Bank Bazaar Credit Card
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service for first time, i came to know about bank bazaar service through on line, and i have been using both website and mobile application which was easy to access,and even i have applied for credit card recently, there customer team had done time to time follow up with me regarding my application.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • SBI Cards Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been using SBI credit card from long time, they have not charged me annual fee in this card , as it is life time free card i have got ,and i am happy with the credit limit they have given me in this card,and there customer service is good, they provide good offers.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 21, 2019
    • ICICI Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have been using ICICI bank credit card for long time, the reason for choosing this card is that they are giving very good service, and they have not charged me annual fee in this card, as it is life time free credit card, and i am happy with the credit limit they have given me in this card, and there customer service is good, they use to give good offers .
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 21, 2019
    • Bank Bazaar Credit Card
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service from past six months, and i came to know about bank bazaar service through on line, as i was checking my credit report through it, and recently i have applied for credit card through bank bazaar , and i have been using mobile application ,it is easy to access and there application is user friendly application.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 21, 2019
    • HDFC Bank Credit Card
      "Bad experience"
      0.5 2.0/5 "Expected more"
      I have been applied for HDFC credit card recently, i am not happy with there service , like i have applied for regalia first card and they have given me club miles card ,i asked the customer care to change it they are not responding me and not resolving my issue , i am going to cancel this card now,i am not satisfied with there overall service, i had bad experience with this bank.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 21, 2019
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