Credit Card Apply55512 views
So, you want to apply for your favourite credit card studded with a host of reward points, cashback and discounts on both online and offline shopping. But don’t know how to apply for the same? If that is the case, you have come to the right place to know it. You have both online and offline application options to do so. However, online application is better than the offline mode owing to the following advantages associated with the former.
- Keeps best credit card offers live
- Provides a complete detail of reward points & redemption
- Gives a chance to compare and choose the best
- Easy to use
- Can be done quickly from the comfort of home or office with an Internet connection of mobile or desktop
Quotes from 11 banks | Best Offers and Rewards
Table of Contents
- 1 Best credit cards offered by Top banks in India 2020
- 2 How to Apply for a Credit Card Online at Wishfin?
- 2.1 Get Instant Approval on Your Credit Card Application Online
- 2.2 SBI Credit Card Apply Online at Wishfin
- 2.3 Choose from These Three SBI Credit Card Application Modes at Wishfin
- 2.4 SBI Credit Card Application Status
- 2.5 Benefits of Online Credit Card Application at Wishfin
- 2.6 Exciting Offers on Online Credit Card Application
- 2.7 Why Are Credit Cards Important These Days?
- 2.8 How is Interest Calculated on Revolving Credit?
Best credit cards offered by Top banks in India 2020
|Credit Cards||Interest Rate (In Per Month)||Fee and Charges (In ₹)||Joining perks||Features and Benefits||Credit Cards Eligibility|
|SBI Credit Card||3.35%||Joining Fee - 499-4,999|
Annual Fee - 499 -4,999
|A.You can avail welcome gift worth ₹5000 and can get upto ₹20,000 points on joining.||A. SBI provides credit cards for everything from individual to corporate needs.|
B. SBI credit cards come with zero loss liability i.e. if your card is lost then you have zero liability on fraudulent transactions made post reporting the loss of the card.
C. Accepted at many online and offline stores
D.Cardholders have the option to convert all the purchases into EMIs and with the Easy Bill facility, customers can easily pay their utility bills online.
E.SBI allows you to convert the outstanding balances in your card to easy installments.
|Applicant should be an Indian|
You should be over 18 years of age to apply for SBI credit cards
One should have good credit history with no loan or credit defaulting
|HDFC Credit Card||3.49%||Joining Fee - 1,000-10,000|
Annual Fee - 1,000-5,000
|A.Taj Epicure Plus Plan and Inner Circle Gold Membership.|
B.Complimentary Club Vistara Gold Membership
complimentary Jet Airways Ticket for domestic travel on Jet Airways within India.
D.You have the provision to avail upto 5000 bonus JPMiles on the first swipe of your card within 90 days of card setup.
E.Facility to avail 5000 bonus JPMiles on the total retail spends of ₹75,000 and above.
|A.Welcome Gift of|
Airport Lounge Access
B.Exclusive Reward Points
C.Enjoy Shopping Benefits
D.Money Back Facility
Benefits on Travel Expenses
E.Taj Epicure Plus Membership
F.Travel Concierge Services
G.Complementary Club Vistara Silver membership
H. Emergency Overseas Hospitalization
I.Air Accident Cover of Rs.1 Crore
J. Fuel Surcharge Waiver
K.Safe And Secure Transactions
L. Zero Liability On lost Card
M.Interest Free Credit Card
N.Resolving Credit allowed
O.Utility Bill Payments
Exclusive Dining Privileges
P.Special Offers on Movies And Dining
|Age should be between 21years to 60 years for salaried employees and between 21 years to 65 years for self employed|
Annual salary must be atleast ₹2 lakhs for salaried
Earning must be atleast ₹1.5 lakhs for self employed
|ICICI Credit Card||2.49%-3.50%||Joining Fee - NIL-6,500|
Annual Fee - NIL-7,000
|A.Upon joining you get complimentary set of Sennheiser HD221 Headphones.||A.India's first dual platinum credit card|
C.Complimentary movie tickets.
D.Complimentary round of golf.
E.Chip and pin security
F.Savings on dining bills
G.Benefits of Ayurveda and other traditional wellness treatments
|He/she must be an Indian national citizen|
The applicant must not be younger than 23 years at the time of application.
He/she must have a minimum monthly salary of ₹20,000.
|Axis Bank Credit Card||1.95-3.25%||Joining Fee - 250-3,500|
Annual Fee - NIL-4,500
|A.Yatra voucher worth ₹5000 on joining|
B.Myntra and BookMyShow vouchers free on joining
C.One base fare waived economy ticket on joining
D.Travel voucher worth ₹5000
E.Upto 5000 points on joining
|A.Avail cashback options|
B.Provision of higher purchase limits
C.Facility to avail over 500 rewards from Axis Bank's eDGE Loyalty program
D.Get discounts on dining, shopping and e-commerce transactions
E. Exclusive airline vouchers
F.Experience Complementary Lounge access at airports
G. You have the provision to create your own credit card using MyDesign.
H. Enjoy higher security benefits by using Credit cards with embedded EMV chips
|If you are a primary Card holder then you should be within the age limit of 18 to 70 years|
Applicant should be an Indian resident
To be an add-on card holder one must be above the age of 15 years
|Kotak mahindra Bank Credit Card||Upto 3.40%||Joining Fee - NIL-1,999|
Annual Fee - NIL-1,000
|Movie voucher worth ₹5000 on joining||A.If you loose your credit card and report it to the bank then you get a cover of ₹50,000 on any fraudulent transactions made with your card|
B. Facility to avail add-on cards which will have all the benefits that you enjoy on your credit card
C. Provision to enjoy higher cash limit i.e. 50% of your credit limit available all year round upto 48 days
D. The maximum fuel surcharge waiver on transactions between ₹500 and ₹3000 is ₹3500
| Applicant should be a resident of India|
B. Primary card holder should be between 21 years to 65 years
C. You should have annual income of ₹3 Lakh and above
D. Only businessmen can apply for this card
E. This is only for selected location like Ahmedabad, Bangalore, Chandigarh, Chennai, Delhi (including Gurugram and Noida), Hyderabad, Kolkata, Mumbai, Navi Mumbai and Pune
|American Express Credit Card||3.35-3.5%||Joining Fee - 750-5,000|
Annual Fee - 1,500-10,000
|Most of the credit cards offered American Express provide welcome gift to their card holders||A. You can redeem from the fabulous 18 carat and 24 carat gold collection|
B. Provision to enjoy benefits on your travel bookings with Make My Trip.com
C. You have the flexibility in spending with no pre – set limit
D. Provision to enjoy upto 30% discounts and additional 5% cashback at over 1200 restaurants every time you dine out
|Applicant should be 18 years of age|
You should have good credit history and no payment defaults
In case of self employed, his company should be trading more than 12 months
|Standard Chartered Bank Credit Card||As Applicable||Joining Fee - NIL - 4,995|
Annual Fee - NIL - 13,999
|A. Get 27,500 bonus skywards miles on joining|
B. Welcome gift consisting of travel vouchers worth ₹4,000* from Yatra.com
C. Get 1,000 reward points as part of an activation offer
|A. A chance to earn 27,500 bonus skywards miles on joining|
B. Up to 9X reward points while shopping at Landmark affiliated store
C. Earn 5X reward points on your supermarket, grocery, apparel outlet, fuel and dining spends
D. Cashback on fuel, departmental stores, telecom and utility bill payments
E. Priority Pass Program membership
F. A comprehensive insurance cover worth ₹1 crore while travelling
|All those between 21-65 years with a stable source of earning can apply for the card.|
Note – The fees and charges would also include 18% Goods and Services Tax (GST).
How to Apply for a Credit Card Online at Wishfin?
You can choose from a bouquet of credit card offers at Wishfin, an online portal which displays reward points, cashback and exciting gift vouchers applicable to several credit cards. So, you can glance at those offers of several banks like ICICI Bank, HDFC Bank, Axis Bank, SBI and much more at Wishfin. After checking the offers, you can choose and apply for the one that suits your need the most. The benefit of applying online is that you do not have to visit the bank branch physically, saving your time and energy. All that you need is to provide a few personal details such as your name, PAN number, date of birth besides giving a status of your work.
Get Instant Approval on Your Credit Card Application Online
Not only you can apply online at Wishfin but also get an instant approval to your application. The dedicated team of executives here make sure the application gets approved ASAP, provided you meet the eligibility criteria set by a lender. After gaining an approval, you can get a quick delivery of your favourite card at your residence or office, wherever you want. This is the benefit of applying online. Else if you avail the traditional branch visit option, you may have to wait in a queue to get your turn and then apply. And, when the application is made offline, the possibility of getting an instant approval may not be the greatest. Plus, there are chances of delay as the concerned branch official may find it hard to process your case first as he/she would have the documents of several applicants like you.
SBI Credit Card Apply Online at Wishfin
Wishfin has a dedicated team for applicants wanting SBI Credit Cards to buy their favourite goodies, book travel tickets and enjoy tons of privileges that are on offer. The team ensures you get a hassle-free card approval from the banks with respect to your application. You would be greeted with personalized services from Wishfin executives at several stages like pre-approval, approval, post-approval, etc.
Choose from These Three SBI Credit Card Application Modes at Wishfin
Now as you are all set to apply for an SBI Credit Card at Wishfin, you can take any of these three routes – Application Form, Wishfin Chat and WhatsApp Chat.
Application Form – You can find Apply Now and Get Instant Approval Link on the website. Just click on it and get to a page wherein you need to mention a few personal, professional and other details. Fill the details correctly before submitting the application.
Wishfin Chat – As an artificial intelligence tool, this can help you choose the right SBI Credit Card to your needs. When you visit the portal of Wishfin, you can see a button of ‘Use Wishfin Chat’ under the Credit Card section. You just need to click on that and say that you want the best of SBI Credit Cards available. As soon as do that, the chat will get active and ask you a few questions. Answer those and get your application processed.
WhatsApp Chat – Arguably the first of a kind offer in India’s credit card space, Wishfin has enabled credit card application via WhatsApp Chat. Like Wishfin Chat, you can also see the button of ‘Apply with the Ease of WhatsApp Chat’ on the website. So, click on it and get to a page asking you to enter your mobile number. After entering the number, you can click on Continue with WhatsApp button at the bottom. A WhatsApp link will be sent to your mobile number. You need to click on to that link. The moment you do so will get you added to a group featuring you and Wishfin as the group members. Just answer a few questions and get your application processed.
SBI Credit Card Application Status
The executives of Wishfin update you on the status of your application made for SBI Credit Cards. If at all there are discrepancies, the dedicated experts are here to guide you and help gain the approval. You can even check the status at SBI by visiting the official website of the lender. Visit the credit card section and then go to application status.
Benefits of Online Credit Card Application at Wishfin
The online application is a plus over the offline mode owing to the following points.
Ease of Use – You can visit the website of Wishfin and choose from any of Whatsapp, chat or even the conventional application form to apply for your favourite credit card.
Fast – Online application can be made in a matter of few minutes. You just need to answer or fill relevant personal and professional information to complete the application.
Effective Comparison of Offers – You can compare several credit card deals in terms of reward points, travel offers, fees, etc, as they are explained at Wishfin in a comprehensive manner for you to understand things better. A good comparison helps you choose the best deal on offer that would not only match your needs but also let you live life with grandeur.
Credible Information Display – The information displayed is researched thoroughly and get updated on a timely basis, ensuring a greater degree of reliability.
Transparency in Information – Not only the offers, you also get to know the fees & charges applicable to a card. The information is transparent and so you get a complete look of the card before applying for it. This only boosts consumer confidence and has made many apply through Wishfin.
Exciting Offers on Online Credit Card Application
Online application also gives you the chance to earn exciting offers such as cashback, discount and others. For example, Citibank is giving you a cashback offer worth ₹1,000 on applying for a credit card online. You just need to make a minimum spend of 5,000 from Citibank credit card within 120 days of issuance. Just type Promo Code CITI1000 in the online application form. However, the offer runs till December 31, 2018. Similarly, there can be other lenders offering similar benefits.
Why Are Credit Cards Important These Days?
It is essential to have a credit card in today’s time. With a credit card, you can not only do away with the requirement of carrying cash everywhere but also make a big purchase and pay for the same in easy installments. It is a convenient method of making payments for shopping. The shopping experience remains one of a kind with a wide range of discount and cashback offers, reducing your overall cost of purchase. And not to forget, the reward points that you can redeem to shop for exclusive gift items at several online and offline partners that the credit card company would have. The most important thing is that credit cards are there when you are in short of cash. You can even withdraw cash from credit card at various ATMs accepting Master Cards and VISA Cards. Apart from that, most credit cards come with a travel insurance cover, which can be a big help when you are traveling abroad. Many credit card companies have the agreement with various hotels, car rental companies, and shopping malls so you should go for a card with the maximum discount stores and reward points offered.
How is Interest Calculated on Revolving Credit?
The funny side of credit card is that you can shop for almost everything that’s available be it online or offline, along with the interest-free period of 20-50 days as extended by banks across India. Also, interesting is the fact that you can do away with paying the full amount by making a payment of the only minimum due amount as shown on the credit card statement. So, it means credit on the cards can accumulate and revolve around.
But the scary part of not paying the total dues is the emergence of interest and taxes that would always take something extra out of your pocket. When it comes to interest rate on credit cards, it ranges from 2.5%-3.5% per month on an average. On the overall interest, the GST at 18% is now getting charged. Previously, service tax was computed on the interest amount. Let’s understand how interest gets calculated on the revolving credit card.
Interest=Outstanding Amount x Rate of Interest x 12 months x number of days/365
Example– Ram Manohar Sharma, an engineer, shops via ICICI credit card for purchasing the goodies. Let’s see how his shopping was a month or two ago in the table below.
|Date||Shopping & Other Details|
|May 10||Bought shoes worth ₹10,000|
|May 17||Purchased saree costing ₹6,000|
|May 20||Statement Generation Date (Total Dues-₹16,000, Minimum Due-₹800)|
|June 13||Made a Payment of ₹4,000 into Credit Card|
|June 16||Bought a mobile phone priced at ₹11,000|
|June 17||Made a Payment of ₹3,000 into credit card|
|June 20||Statement Generation Date|
As you can clearly see in the table, Mr. Sharma has refrained from paying the entire bill and thus would bear interest on the outstanding balance. The interest rate charged by ICICI Bank is 2.49% per month. Let’s calculate the interest now.
Interest on ₹10,000 at 2.49% for 23 days from May 21 to June 12=(10,000 x 2.49% x 12 x 23/365)= ₹188.28
Interest on ₹6,000 (10,000-4,000) at 2.49% for 4 days from June 13 to June 16=(6,000 x 2.49% x 12 x 4/365)=₹19.65
Interest on ₹6,000 at 2.49% for 27 days from May 21 to June 16=(6,000 x 2.49% x 12 x 27/365)=₹132.61
Interest on ₹2,000 (6,000-4,000) for 3 days from June 18 to June 20=(2,000 x 2.49% x 12 x 3/365)=₹4.91
Interest on a fresh expenditure of ₹11,000 for 5 days from June 16 to June 20=(3,000 x 2.49% x 12 x 5/365)=₹12.28
Since the payment of the outstanding balance was not made in full, the late payment charges would be deducted. In this case, it will be ₹750 as the total amount due is 23,000 (10,000+6,000+11,000-4,000). Applying 18% GST on interest rate charged amount of ₹357.73 and late payment fee of ₹750, the tax to be deducted would equal to ₹199.40.