How to choose the best Credit Card

                                          Best Credit Card

How to choose the best Credit Card -Picking a credit card that suits your pocket

 

How to choose the best Credit Card

Introduction

Credit cards is a convenient and popular mode to make payments for good and services. Moreover its trend is increasing day by day. But you should choose a best credit card as it can built or destroy your credit history.

It may difficult to pick best credit card from number of available options. As almost all the banks offer several cards with different features and benefits. This blog helps you to select the right credit card.

 

Features of a Credit Card

Welcome Gift=Banks offers bonus points, discounts and vouchers to the new credit card applicants.

Rewards= Credit cards generally have reward program on every transaction made for using cards by cardholders.

Cashback Benefits=Many credit cards offer cash back benefits to the customers.

Airport Lounge Access=Credit cards offer airport lounge access to its cardholders.

Lifestyle Benefits=Credit card holders enjoy various lifestyle benefits as offers on shopping, dining, entertainment etc.

 

Need for the Credit Card

Improving cibil score=Some individual uses credit card just to improve their credit history so that in future they can apply for different loans.

Enjoy deals, discounts=Credit cards offer discounts and cashback on shopping, booking hotels & flight tickets

Purchasing big and expensive products= You can increase your credit limit and can purchase expensive items with the help of credit cards.

Making transaction easy= You can purchase expensive items that has EMI options without any extra interest with the help of credit card.

Details to be checked

Check the following details before selecting a credit card

Annual fees and other charges of the credit card=Late fee, GST, cash advance fees, cash withdrawal charges, mobile alert charges, balance enquiry charges etc.

Credit limit given by bank on the credit card= You must know your credit limit that you get according to your salary or income.

Payment options available to pay the bills= Check the payment options

Latest offers available on the credit card= Go through at all the offers prevailing on a credit card and for shopping.

Category for which credit card is applied= Lifestyle credit cards, rewards credit cards, shopping credit cards, travel and fuel credit cards, business credit card, professional credit card

Terms and conditions= Check all the terms and conditions related to credit card.

Process to apply Credit card

You can apply offline as well as online.

Visit the bank’s website

Compare the features and benefits.

Select the card, fill the required details and upload all necessary documents.

Submit your form.

Credit Card Eligibility

Age=18 years

Nationality=Indian

Employment Status= Salaried of self-employed

Credit Score=700 or above

Conclusion

Make a self-assessment of the requirement of the credit card. Check fees, charges, payment options, offers of the credit card on cards specifications. Now you are able to know things before applying for a credit card.

 

In this blog we discussed about "How to choose the best Credit Card"