A credit card is a small plastic money issued by a bank which gives the holder an option to purchase goods and services on credit. Many people prefer plastic money over cash just because credit cards come with plenty of unmatched features and privileges.They have become part and parcel of everyone's life because from dining out at restaurants to booking your favourite international flight ticket, you can use your credit card for anything that you like.
Advantages of credit cards are as follows:
|Bank||Joining/Annual/Renewal Fee||Interest Free Period|
|HDFC Bank||₹ 299-₹5,000||Up to 50 days|
|SBI GE||₹499-₹4,999||20 to 50 days|
|ICICI Bank||Nil-₹7,000||18 to 48 days|
|Standard Chartered||Nil-₹13,999||18 to 48 days or 25 to 55 days depending on your payment due date.|
|American Express||Nil-₹50,000||25 days|
When it comes to selecting the best credit card, it is something which is not everyone’s cup of tea. You need to do a through research and should be a keen observer so as to pick the best card. However, there are some important things that you need to always keep in kind while choosing the card which is best for you. Compare different cards on the parameters mentioned below to get the card which is just perfect for you.
The features of credit cards vary depending on the card provider and the type of credit card people purchase. Some of them are listed below :
Credit cards offer lot of benefits for its holders which are listed below:
|Credit card name||Minimum Fee||Best used for||Other Perks|
|SimplySave SBI Card||₹ 499||Fuel surcharge waiver and 10x rewards on grocery stores||
|HDFC Moneyback card||₹500||Online shopping||
|ICICI Instant Platinum Credit card||Nil||Ideal for first time credit card applicants||
|Standard Chartered Platinum credit card||Nil||Salaried people who are looking a multi-purpose credit card||
|American Express Gold Card||₹1000||Universally accepted||
The eligibility criteria for credit cards differs depending on the cards you are applying for and the bank providing it. .
You can apply for credit card online as well as offline.