India's First Credit Card Application with a CIBIL Advantage.
Quotes from 11 banks
12 Months CIBIL subscription absolutely FREE !!
Many more exciting Offers & Rewards
|Credit Cards||Reward Points and Other Offers||Fees and Charges|
|SimplySAVE SBI Card|
|BPCL SBI Card|
|HDFC Moneyback card||Annual Fee - ₹500|
|ICICI Instant Platinum Credit Card|
|Standard Chartered Platinum credit card|
|The American Express Gold Card|
|Citibank Cashback Credit Card|
|RBL Platinum Maxima Card|
Note - The annual and joining fees shown above are exclusive of 18% Goods and Services Tax (GST). The tax would be added to these fees.
After glancing at the reward points, cashback and other benefits, it's time to apply for your favourite credit card, right? You can thus apply for the card online at Wishfin, a neutral marketplace for loans and other financial products. There are three ways by which you can apply here. All three are described below.
You can apply for your favourite credit cards by furnishing personal and professional details in the application form. Subsequently, you will get a call from Wishfin executives who will submit your case to the concerned bank and ensure a speedy approval to your application.
All you need to do is to click Apply with the ease of Whatsapp Chat on the 'Credit Card' section the online marketplace. A new page will appear, asking you to enter your mobile number. Enter the number and then click on 'Continue with WhatsApp' at the bottom. You will then receive a link on your mobile number. When you click on it, you will get added to a Whatsapp group with Wishfin being the other member. You need to mention a few details in the conversation before submitting your application.
You can even explore chat option to apply. You just need to answer a few questions. As soon as you are done with those, you would be given a choice of credit cards to apply for.
Note - The eligibility criteria shown above can vary according to the type of credit card offered.
You can check your credit card application status online in a matter of few minutes. You just need to visit the website of the concerned lender and go to the application status page. You need to fill a few blanks on the page, asking for application reference number, date of birth and mobile number. After entering these, you will get to know the status of your application, whether it's approved, pending for approval or rejected. The reasons for rejections would be mentioned. If you can fill those voids, do so and apply again for an approval.
You Can Now Check Your CIBIL Score at Wishfin
A credit history is one of the vital factors that influence a lender to approve or disapprove a credit card application. The history is an indicator of your ability to servie the debt. So, it has to be good to get the lender's approval. Your creditworthiness is greatly determined by the score that CIBIL, a leading credit information company, prepares for individuals with a credit history of 6-9 months at least. Now you can check that score at Wishfin. Normally, a score of 750 and above is considered good for a credit card.
Banks do remain wary of offering credit cards to people with no credit history. But, on fulfilling certain conditions, the lenders can issue a credit card even if an individual does not have a credit history. So, a credit card can be issued to you from a bank where you have a salary account. Even secured cards can be offered, all you need is a fixed deposit of a certain value at a particular bank. You would be offered a secured card with a credit limit at about 80%-90% of the fixed deposit amount. Other factors, such as income and job stability, would also come into play while deciding the credit limit of a customer.
Paying credit card bills on time is one good habit you should embrace and say others to follow. It makes your case stronger when you are in the need of a loan in the future. The timely payment helps build a strong credit profile and makes lenders consider your case seriously. Thus, you should go online and pay the bills on time. You can subscribe to Internet Banking and register the card bill to your account. You can either set an 'Auto Pay' or choose to pay manually online. With the former, the bills will get paid automatically on or before the due date. But, in each of the two situations, you will get an SMS and e-mail alert from the concerned lender regarding the bill. You can also pay the dues by debit cards of the same or another lender.
Never take your eyes off from the credit card statement as it shows an accumulation of reward points which can be redeemed at top brands to avail the best-in-class services. The statement would also show the total due amount, minimum due, due date, charges, if any, etc. Read the statement carefully to find if there are any discrepancies. If there are, report the same to the concerned card issuer at the earliest so that the statement can be rectified. Ring the 24X7 Toll-Free Customer Care Number of the concerned lender if you have any doubt regarding the statement. The executives would resolve the issue ASAP.
If at all you face any problem or have a query regarding a credit card, don't hesitate to ring the 24X7 customer care centre of the concerned card issuer. You can find the number on the website of the lender or even on the card issuance letter. The customer care executives would give a patient hearing to your needs and resolve the queries or problems at the earliest. They may suggest you certain measures to sort out the issue ASAP.
Below is the table showing the customer care numbers of top credit card issuers in India.
|Lenders||Customer Care Numbers|
|Citibank||18602102484(for resident Indians) and +912249552484 (for people outside of India)|
On a cool Sunday evening last week, you accompanied your girlfriend to a shopping mall after watching a noon show in the theatre. She chose a gorgeous looking gown for herself. But when you put your hand into the wallet, you were left with inadequate cash, leaving her red-faced. You, therefore, had to face the barrage of her anger. However, it would have been all smiles if you had a credit card at that time. It would have not only let you buy the gown she was looking for but other products as well. Even when you face any medical emergency, credit cards will come handy. Therefore, a credit card can be defined as a small plastic money with immense purchasing power. It is issued by a bank which gives the holder an option to purchase goods and avail services on credit. Many people prefer plastic money over cash just because the former comes with a plenty of unmatched features and privileges.They have now become the part and parcel of people's life from letting them dine at restaurants to helping them book their favourite international flight ticket.
If your existing card bills are charged at a higher interest rate, you can thus switch the outstanding balance to a new lender offering you the facility at a lower rate. You may be given an interest-free credit period of 20-50 days. You can get the balance transferred by giving a request at the branch or the customer care of the new lender. The bank, where you intend to transfer the outstanding balance of your existing bank's credit card, will check your credit score and repayment track before approving the transaction. You could be asked to pay a balance transfer fee at 1%-2% of the transferred amount. There could be a few banks not charging you on the balance transfer. So, check out all such balance transfer offers before taking a call on the same.
When it comes to selecting the best credit card, you need to do a thorough research on the offers, benefits, fees, etc. So, don't forget to compare different cards on the following parameters.
Make sure to choose a card with maximum benefits at less costs. Of the points menetioned above, accidental cover is something one may not look into as most eyes are on the reward points and cashback offers only. An accidental insurance gives you the cover in case of any accident. So, if a card with an accidental cover is available, do consider the same.
Banks do come with lucrative offers on credit cards for a limited period of time. The offers could be in the form of discounts and cashback on both online and offline shopping. So, do check the bank websites and the SMS to know all these offers and save on your shopping.
Below are a few questions that many cardholders ask.
Credit card users often come across the term 'credit limit'. Well, it's nothing but a point up to which you can shop via a credit card. Credit card issuers check your income, repayment potential and credit score before deciding the limit to be offered on a card.
You can raise the limit by giving a call to the customer care centre or place a request at the nearest branch of the concerned lender. After checking your repayment track to be smooth for at least 6 months to a year, the lender can raise your limit.
Immediately call the 24x7 customer care executive of the concerned lender on the occurrence of such an incident. Place a request to block your credit card so as to prevent the unauthorized use. You can check the customer care number on the card issuance letter and even on the website of the lender.
Credit card statement often shows the minimum due, which gets calculated at about 5% of the total outstanding balance in a billing cycle.
No. The payment of minimum only inflates the bill by inviting interest and taxes. The outstanding balance would keep mounting with constant addition of interest and taxes to the bill if you continue to pay the minimum due.
There won't be any charges if you pay the dues on time and in full. Non-adherence to this can bring interest rates, charged at 2%-3.5% per month, to the picture. So, if a bill worth ₹25,000 comes and you pay ₹15,000 only, the remaining ₹10,000 will be added to the next billing cycle. The interest would thus be charged on the unpaid balance.