Credit Card

India's First Credit Card Application with a CIBIL Advantage.

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12 Months CIBIL subscription absolutely FREE !!

Many more exciting Offers & Rewards

  • American Express Bank
  • ICICI Bank
  • RBL
  • State Bank of India/SBI
  • Standard Chartered Bank
  • HDFC Bank

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Compare Best Credit Cards in India 2018

Credit CardsReward Points and Other OffersFees and Charges
SimplySAVE SBI Card
  • 10x reward points per ₹100 spent on dining, movies, grocery and departmental stores
  • Earn 2,000 bonus reward points after you spend ₹2000 in the first 60 days
  • Spend ₹90,000 or above and get your annual fee reversed
  • 1% fuel surcharge waiver available for transactions worth between ₹500-₹3,000 across all petrol pumps
  • One time Annual Fee - ₹499
  • Renewal Fee - ₹499
BPCL SBI Card
  • Welcome offer of 2000 bonus reward points on the payment of joining fee. Reward points will be credited after 20 days of the payment of joining fee.
  • 4.25% Value back ~ 13X reward points on fuel purchases. An additional 0.75% value back will be credited as per mandate from Government of India.
  • Earn 1 reward point for every ₹100 spent on all fuel and retail purchases.
  • 5X Reward points on every Rs.100 spend at Groceries, Departmental stores, Movies & Dining.
  • 5X Reward Points per Rs. 100 spent on standing instructions for Utility Bills payments.
  • 1 Reward point on all other retail spends, except fuel ( 1 RP = Rs 0.25)
  • No Minimum Threshold. Surcharge Waiver applicable only on transactions up to Rs. 4000/- for a max of Rs. 100/- per month. Maximum surcharge waiver of ₹100 in a month, translating into an annual saving of ₹1,200. Maximum limit in a month is ₹10,000.
  • Reward Points can be earned for a maximum spend of Rs. 10000/- per month.Reward Points can be earned for a maximum spend of Rs. 10000/- per month.
  • Earn reward points at all 14000+ pumps of BPCL.
  • Redeem your reward points instantly for free fuel at select 1200 authorized BPCL retail outlets across the country or through BPCL fuel vouchers. 4 Reward points give you ₹1 of free fuel.
  • You can also redeem your reward points for exclusive products in lifestyle, leisure, and travel categories across major brands at SBI Card’s exclusive Reward Point Program -Shop n Smile.
  • 1st Year Fee - ₹499 Per Annum + GST
  • Renewal Fee - ₹499 Per Annum + GST
HDFC Moneyback card
  • Earn 2 reward points on ₹150 spent
  • Earn 2X reward points on online spends
  • Get a fuel surcharge waiver of upto ₹500 per billing cycle
  • Zero Lost Card Liability post the reporting of card loss
Annual Fee - ₹500
ICICI Instant Platinum Credit Card
  • A minimum 15% savings on dining at over 800 restaurants via Culinary Treats Program
  • A discount of up to ₹100 on up to 2 movie tickets in a month
  • Reward points earned can be redeemed for cash
  • Earn 2 PAYBACK reward points on every ₹100 spent on all purchases excluding fuel
  • Joining Fee & Annual Fee - NIL
  • Supplementary Card Fee - NIL
Standard Chartered Platinum credit card
  • 5x rewards at leading hotels, dining outlets and more
  • Earn 1 reward point for every ₹150 spent on all other categories
  • Enjoy a host of unrivalled offers on holidays, golfing retreats, movie tickets, dining and more
  • 5x rewards on fuel spends in India
  • Get 5x reward points for every ₹100 spent at hotels
  • Joining Fee - NIL
  • Annual Fee - ₹399 (First Year)
  • Annual Fee - ₹750 (Second Year Onward)
The American Express Gold Card
  • 1 membership reward point for every1 spend of ₹50 except on insurance, fuel, utilities
  • 4,000 Bonus Membership Rewards® Points, to be awarded on using the card 3 times within the first 60 days of Card membership, upon payment of annual fee.
  • 1,000 Bonus Membership Rewards Points for simply using your Card 6 times on transactions of ₹1,000 and above every month.
  • Benefits on your travel bookings with MakeMyTrip.com
  • Enjoy greater flexibility in spending with "no pre-set limit2
  • Redeem from the fabulous 18 carat and 24 carat Gold Collection.
  • Enjoy up to 20% off every time you dine at select restaurant partners.
  • 2 supplementary gold cards at no extra cost
  • Round-the-clock card-related assistance services
  • Emergency Card Replacement Facility Available
  • Additional gold credit card to be provided which is free for life3 as long as you hold the same

Footnotes

  1. Till July 31, 2017, you will earn 1,000 membership reward points when you complete 4 transactions each of ₹1,000 or more in a calendar month. Starting July 1, 2017, you will earn 1,000 Membership Rewards points when you complete 6 transactions each of ₹1,000 or more in a calendar month on American Express Gold Card.
  2. This means that your charges are approved on the basis of your spending pattern, financials, credit record and account history. Please note that 'no pre-set limit' does not mean your spending is unlimited.
  3. In addition to this Card, you will also receive the American Express Gold Credit Card which is free for life. Please note, this Card will be Lifetime free as long as you hold the American Express Gold Card. In case, you want to apply for American Express Gold Card only, Please SMS "GOLD" to 5616166.
  • Joining Fee - ₹1,000+Applicable GST
  • Annual Fee - ₹4,500+Applicable GST
Citibank Cashback Credit Card
  • 5% cashback on all movie ticket purchases
  • 5% cashback on all utility bill payments paid through Citibank online bill pay
  • 5% cashback on all telephone bill payments
  • Cashbacks on above limited to ₹100 per month
  • Up to 15% savings across participating restaurants
  • 0.5% cashback on all other spends
  • Simple redemption policy
  • Get redemption in multiple of ₹500
  • Get your cash back conveniently and automatically as statement credit
  • Multiple repayment options
  • Joining Fee - As Applicable by bank from time to time
  • Annual Fee - ₹500
RBL Platinum Maxima Card
  • A welcome gift of 8000 reward points
  • Get 2 reward points for every ₹100 spent
  • Earn 2 reward points for every ₹100 spent on dining, fuel, entertainment, utility bills and international purchases
  • Earn 10000 reward points for spends of ₹2 lakhs and more in a year
  • 10000 bonus reward points for spending more than ₹3.5 lakhs in a year
  • One complimentary movie ticket free up to ₹200 in a month on purchasing 2 movie tickets at BookMyShow
  • Enjoy complimentary visits to all major domestic airport lounges every quarter in a calendar
  • Joining Fee - ₹2,000
  • Annual Fee - ₹2,000

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.

How to Apply for a Credit Card Online at Wishfin?

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.

Apply for Credit Card via Filling Form 

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.

Apply for Credit Card via WhatsApp 

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.

Apply for Credit Card via Chat

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. 

Credit Card Eligibility Criteria

  • You should be at least 18 years of age at the time of application.
  • Most banks offer credit card up to the age of 65 years.
  • Salaried must have an annual income of at least ₹2 lakhs. On the other hand, self-employed must be earning a minimum of ₹1.5 lakh to get the approval.

Note - The eligibility criteria shown above can vary according to the type of credit card offered.

Documents Required to Apply for Credit Cards

  • Passport sized photographs
  • ID Proof - Any one from Passport, PAN Card, Ration Card, Adhar Card, Voter's ID Card, Driving License
  • Address Proof - Any one from Passport, Rent Agreement, Telephone Bill, Ration card, Electricity bill, Aadhar card
  • Applicants should have PAN Card, Form 16 and Income Tax Returns Statement.
  • Recent salary slips/certificate for last 3 months/latest bank statement showing the credit of salary for a minimum of 3 months

How Can You Check Credit Card Status Online?

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.

Will You Get a Credit Card with No Credit History?

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.

Credit Card Bill Payment

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.

Credit Card Statement - Do Glance at it Regularly

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.

Credit Card Customer Care Number

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. 

Credit Card Customer Care Number of Different Credit Card Companies

Below is the table showing the customer care numbers of top credit card issuers in India.

LendersCustomer Care Numbers
SBI18001801290
American Express18004191414
HDFC Bank18004254332
ICICI Bank18001024242
Citibank18602102484(for resident Indians) and +912249552484 (for people outside of India)
Yes Bank18001031212
RBL Bank18001238040 
Axis Bank18004195959
YES Bank18001031212

 

About Credit Cards

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.

Benefits of Credit Cards

  • Banks offer a welcome gift to new applicants once the card is issued to them. This gift can be in the form of bonus points, gift vouchers, discounts, etc.
  • All credit cards have a reward program, allowing you to earn reward points on various transactions
  • Avail a surcharge waiver on your fuel spends
  • There are certain credit cards that offer cashback benefits to the customers.
  • Cardholders can also enjoy various lifestyle benefits such as discounts on dining, shopping, golf, wellness, entertainment, etc.
  • Some credit cards provide attractive travel benefits to the customers, including air miles, airport lounge access, travel insurance, airline offers, hotel offers, etc. Air Miles, JP Miles and others can be redeemed to book flight tickets and avail other travel benefits. Example of these cards are Jet Privilege HDFC Bank World, Jet Privilege Platinum etc.
  • Complimentary lounge access is offered to the credit cardholders. This offer does vary from one bank to another. Some banks put a limit on the number of visits, while others allow access to Indian airport lounges only.
  • Many banks allow their cardholders to apply for complimentary add-on cards for their immediate family members such as mother, father, sister and brother.

Credit Cards Balance Transfer

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.

How to Choose the Best Credit Card?

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.

  • Fees/Charges
  • Cash backs
  • Rewards
  • Latest Offers on Travel, Dining, Shopping, Entertainment, etc
  • Fuel Surcharge Waiver
  • Accidental Cover
  • Credit Free Period

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. 

Keep an Eye on Latest Credit Card Offers

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. 

Frequently Asked Questions (FAQs) on Credit Cards

Below are a few questions that many cardholders ask.

What is Meant by Credit Limit on Credit Cards?

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. 

How Can I Increase the Credit Limit on My Credit 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. 

What to Do When My Credit Card is Lost?

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. 

What is Minimum Due on My Credit Card?

Credit card statement often shows the minimum due, which gets calculated at about 5% of the total outstanding balance in a billing cycle. 

Is It Good to Pay Minimum Due Balance on My Credit Card?

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. 

How Much Interest Chargeable on Credit Card Balance?

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.