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 creditcard for anything that you like.
Advantages of credit cards are as follows:
|Bank||Interest Rate||Interest Free Period|
|HDFC Bank||Upto 3.4% per month||45 days|
|Kotak Mahindra Bank||Upto 3.5% per month||48 days|
|Axis Bank||Upto 3.25% per month||20 to 50 days|
|State Bank of India||Upto 3.35% per month||30 to 45 days|
|IndusInd Bank||Upto 3.83% per month||Upto 50 days|
|ICICI Bank||Upto 3.40% per month||18 to 48 days|
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:
|HDFC Bank||Avail JP Miles upto 30,000 bonus miles(Get discount on jet airways ticket) , Taj Epicure Membership and JP Tier point||Up to Rs.10,000|
|Kotak Mahindra Bank||Upto 10 points per transaction||Up to Rs.5,000|
|Axis Bank||Upto 20 points on spends||Up to Rs.30,000|
|State Bank of India||Upto 20 points on transaction||Up to Rs.4,999|
|IndusInd Bank||Upto 4 points per transaction||Up to Rs.4,000|
|ICICI Bank||Earn 4 cashback points on every Rs.100 spent on dining, groceries and at supermarkets||Up to Rs.7,000|
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.