Quotes from 11 banks | Best Offers & Rewards
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 become 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 services on credit. Many people prefer plastic money over cash just because credit cards come with a plenty of unmatched features and privileges.They have now become the part and parcel of everyone's life from letting one dine at restaurants to booking their favourite international flight ticket.
|Credit Cards||Reward Points & Other Offers||Fees & Charges|
|SimplySave 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|
Note - The 18% Goods and Services Tax (GST)can also be charged on the annual and joining fees of the credit cards. The tax can also apply to the revolving credit, which arises due to default or delay in the payment of the dues.
While using your existing credit card, there can be temptations to transfer the balance to a card offered at a lower interest rate. You can request for credit card balance transfer at the bank branch or give a call to the customer care number of the concerned bank. The bank, where you intend to transfer the outstanding balance of your existing bank's credit card, will check your credit score and the pattern of your repayment before okaying the transaction. You may be given an interest-free credit period of 20-50 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 thorough research and should be a keen observer so as to pick the best card. However, there are some important things that you need to keep in kind while choosing the card. Compare different cards on the parameters mentioned below to get the card which is just perfect for you.
After all the basic information such as features & benefits, eligibility criteria and documentation, you can now apply for the credit card online at Wishfin, a credit and investment portal that displays the offers of best-in-class financial products offered by several players in the space. So, when you visit the portal, you could screen through a myriad of lucrative credit card deals and apply for the one you want the most. Upon applying, the Wishfin executives would be right behind you. They will take your case forward and ensure a hassle-free card application approval
You can also visit the nearest bank branch to fill the application form, which would ask you to state necessary personal, occupational and income details, etc. Subsequently, you should submit the form at the branch along with your recent photographs and other documents. But then, it could be a lengthy process. So, the choice is yours, whether to go online or stay in a long queue of bank branches to apply for a credit card.
The eligibility criteria for credit cards differ based on the cards you are applying for and the banks providing it.
After applying for a credit card at Wishfin, the next concern would most probably be the state of your application. The dedicated team will keep updating you on your application status. It would be a great pleasure for the team to announce the card approval. And even if your application is found to have certain discrepancies, you would be intimated by the executives here. They will suggest you the necessary steps and on following these, the application will get accepted.
As you would know that a credit history is one of the vital factors influencing a lender to approve or disapprove a credit card application. Being aware of the history is always handy. Your creditworthiness is greatly determined by the score that CIBIL, a credit rating agency, prepares for individuals. Now you can check that score at Wishfin. Normally, a score of 750 and above is considered good for a credit card.
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 need of a loan in the future. The timely payments ensure a strong credit history and make lenders consider your case seriously. Thus, you should go online and pay the bills on time without having to deal with the hassles of visiting the bank branch to do the same. You can subscribe to Internet Banking, if not having the same, to register the card bill to your account. You can either set an 'Auto Pay' or choose to make payment 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 bank regarding the bill. You can also pay the dues by debit cards of the same or another bank.