Follow the below steps to avail Credit Cards offline
Follow the below steps to apply Credit Cards online
In the modern era, credit card is the best option to pay bills and perform other transaction without any complication. Most service provider, dealer, shop owner will never ask for the extra amount if you are paying an amount through credit card not in the cash payment mode. If you are use credit card to pay your bill then the respective bank will give some additional benefits to you to make the shopping experience much beneficial.
In case of cash withdrawal bank stops free credit period facility and will continue once remaining amount is paid to the bank. This condition, works in case of big amount is paid by user through credit card than cash payment option. The free credit period will work when user credit card to pay the complete bill in a certain time interval otherwise he will not get this facility. Shop and pay smartly to avoid any financial complication and better transaction facility.
Credit card is payment cards issued by authorized financial institution or bank that provides facility to its user to perform various transactions with complete security and make payment facility easy.As an aware and smart customer always follow
As an aware and smart customer always follow and compare some main factors before applying for credit card. Some of them are:-
User must collect information about joining and annual fees to avoid making card selection much easy.
User must collect information about joining and annual fees to avoid making card selection much easy.
The card holder must know about current interest rate offered by respective banks on a particular credit card. Apart from interest rate user must know about free credit period facility and rollover facility.
This is one of the most important and mandatory step that every candidate who is looking to apply for a credit card must follow and select the card as per your eligibility. If any financial institution tries to convince you without any written proof, never go with their advice; always ask for written information and authentic records to avoid any major financial trap. Always validate information and ensure that information that you have is accurate and authentic.
A valid credit card number is combination of several important fields along with specific message. It is also known as primary account number or (PAN). User must know that these numbers abide by standard of ISO/IEC 7812 number system. It is understood that credit card numbers are used while performing online transactions and other vital transactions. These numbers contain the information about issuer identification number (IIN), i.e. 6 digit codes, identification number of individual account along with checksum of single digit. The issuer identification number is known as bank identification number (BIN).
Another thing that user must know that first digit of issuer identification number refers to the major industry identifier and specify that where use of card will be mandatory and on the other hand total number of digit is 9 then next three digits refers to country code as specified in ISO 3166-1.
| Sr.No. | Card Issuer | Digit Criteria | Remark |
|---|---|---|---|
| A. | Diners Club | 14 Digits | Including enRoute, Blanche, International |
| B. | Master Card | 16 Digits | - |
| C. | Visa and Visa Electron | 13 Or 16 Digits | - |
| D. | Japan Credit Bureau (JCB) | 15 or 16 Digits | - |
| E. | Discover | 16 Digits | - |
| F. | Maestro | 12 or 19 Digits | Multinational Debit Card |
| G. | American Express | 15 Digits | - |
| H. | China UnionPay | 16 Digits | Peoples Republic of China |
| I. | Solo | 16, 18 Or 19 Digits | United Kingdom Debit Card |
| J. | Switch | 16, 18 Or 19 Digits | United Kingdom Debit Card |
| K. | Laser | 16 To 19 Digits | Ireland Debit Card |
Getting a credit card is a major financial step, but using it in a correct manner, is a huge responsibility too. Every coin has two sides and it completely depends on how you handle and manage things. The same goes for credit card as well. While using a CC responsibly can save you from unfortunate financial emergency, used irresponsibly can potentially lead to the spiral of long term debt.
So, follow some easy tips to never let CC become a financial burden over your budget.
When you have a credit card, you feel financially free, but that doesn't mean that you can utilize the entire credit limit without any worries of repayment. Before swiping your card, remember that you have to pay the entire amount you have spent on card. It can be very easy to rack up more debt on your card than you can actually afford to repay, therefore it's important to limit the usage and keep track of every spending.
Nothing can save you from paying interest on your credit card if the outstanding bill is not paid on time. Regular bill payment is the foremost rule to use the card responsibly. Resist the urge to spend more than you can repay for any given month.
Another rule of thumb is avoid paying minimum balance out of total outstanding bill. This is because paying minimum bill might save you from financial burden in the ongoing month, but will ultimately increase financial burden in a coming month.
No matter how much credit limit is available on your card, set a sensible limit at your own that you can repay without any worries. For instance, if you have a credit limit of Rs.40000 and a monthly income of Rs.20000, it is best not to exceed the usage above Rs.20000 or even less.
| Bank/Financial Institution | Top Credit Cards | Annual Fee Range* |
|---|---|---|
| American Express |
|
Rs. 1,000 - Rs. 10,000 |
| RBL Bank |
|
Rs. 500 - Rs. 2,000 |
| Bank of Baroda |
|
Rs. 500 - Rs. 1,000 |
| IndusInd Bank |
|
Rs. 0 - Rs. 1,099 |
| Axis Bank |
|
Rs. 1,500 - Rs. 10,000 |
| HDFC Bank |
|
Rs. 500 - Rs. 10,000 |
| ICICI Bank |
|
Rs. 0 - Rs. 5,000 |
| Standard Chartered Bank |
|
Rs. 250 - Rs. 5,000 |
| Citi Bank |
|
Rs. 500 - Rs. 3,000 |
| SBI Card |
|
Rs. 499 - Rs. 4,999 |
| YES Bank |
|
Nil* |
Note* : The statics provided in the table are subject to change.
Credit cards, undoubtedly, have become the most important part of our lives, in order to manage finances better. The market is flooded with lots of credit cards variants including fuel, entertainment, rewards, and lifestyle. Individuals have got the freedom to select the card of their choice and needs.
However, these plastic cards may differ in the privileges they offer, but most cards come with similar basic features. Let's have a glimpse of it :-
No matter how good your bank balance is, it's quite difficult to carry a wallet full of money or cash anywhere and everywhere you go. But, the fact is, emergencies don't come considering your financial status. So, what to do next? Well, the answer is credit cards. Yes, credit cards are the most convenient and handy alternative to cash. A lot can be done with mere swipe of a card. Be it hospital bills, utility bills, recharges, wedding arrangements, online orders, and the list goes on, there is hardly something left that cannot be done with the petty card. So, say a goodbye to all your cash worries and grab your credit card today.
The privileges of a CC are not restricted within the country's boundaries and the cardholders can avail the benefits even for overseas transactions. The transactions can be easily done in foreign currencies. This feature reduces the cumbersome process of currency conversion.
There is one thing in common that people don't remember where they have spent their money and this gives rise to mismanagement of finances. But, the case is completely eliminated with the use of credit card. Cardholders can keep a track of every single penny they have spent. Also, the banks or credit card provider companies send a monthly statement to the customers stating the total amount spend in a cycle along with all the debit and credit transaction details.
Basically, this is a period given to the cardholder by the bank or CC provider company, in order to arrange finances to make payment of current outstanding bills. During this period, there is no interest charged over the outstanding bill.
Isn't it would be great to earn exciting rewards on every purchase? Sounds interesting, right. Well, most credit cards come with exciting reward and discount offers that make your CC experience even better. On weekend and specific spending, the rewards are accelerated and the cardholder can earn up to 15 times more rewards.
| Credit Card Issuer | Credit Card Interest-free Period |
|---|---|
| American Express Credit Card | Up to 48 days |
| ICICI Bank | 18 to 48 days |
| Axis Bank | 20 to 50 days |
| HDFC Bank | Up to 50 days |
| Kotak Mahindra Bank | Up to 48 days |
| HSBC Bank | Up to 52 days |
| IndusInd Bank | Up to 50 days |
| State Bank of India | 20 to 50 days |
| Citibank | Up to 50 days |
A credit card is the most convenient financial tool that comes handy for everyday purchases from booking air tickets to buying groceries. Over the years the demand of credit cards has increased at swift rate and all thanks to the perks and privileges it holds for every cardholder.
It feels great when you enter into someone's place and gets your favourite welcome drink, right? Going with this tradition, most credit card companies provide exciting welcome bonuses and rewards to their customers as welcome gift. This may include shopping vouchers from top brands, movie tickets, flight tickets, bonus reward points, and so on.
Well, this is somewhat similar to earning rewards, but the only difference is instead of crediting rewards to the cardholder’s account, cash back amount, on certain transactions, is directly debited to the account. However, the offer is restricted to selected categories or transactions only. Also to be notes is that the percent of cash back can vary from category to category and bank to bank.
Another feather in the cap states the complimentary coverage of personal accident insurance for up to Rs.50 lakh. Most CC companies provide insurance policies to the cardholders in order to ensure better and enhanced financial assistance in case of any uncertain event. These complimentary extras can get you a great deal of time and money and gives a peace of mind in long run.
Even if you ask a random cardholder about the benefits of credit card, their first answer would be – it’s convenient and hassle-free. Of course, the fact is very well said as the cards are convenient to use for daily shopping. One doesn’t need to carry cash everytime they go out. Also, carrying cash invites the risk of robbery. The risk is completely eliminated with the use of credit cards.
| Credit Card Issuer | Credit Card rate of interest on revolving Credit |
|---|---|
| American Express Credit Card | 1.99% to 3.5% per month |
| IndusInd Bank | 3.83% per month |
| ICICI Bank | 2.49% to 3.50% per month |
| Axis Bank | 2.50% to 3.25% per month |
| Citibank | 3.10% to 3.50% per month |
| HDFC Bank | 1.99% to 3.49% per month |
| Kotak Mahindra Bank | 2.49% to 3.50% per month |
| HSBC Bank | 1.99% to 3.30% per month |
| State Bank of India | Up to 3.35% per month |
The days are long gone when living a life on credits was a taboo in a society. Today, around half of population owns a credit card. Even it is believed to be a great tool to manage finances better. As the demand of credit cards is everyday rising, a new concept was introduced by banks and CC Companies – add on or supplementary card.
Basically, as the name suggests, supplementary card is an additional card that is issued under primary card. This card allows sharing the benefits with parents, spouse, sibling, or children aged above 18 years. However, there are certain terms and conditions linked with the secondary or add-on card, which differs from bank to bank.
When used well with responsibility and judiciously, add on credit cards come with an array of benefits and privileges. Let's have a glimpse of benefits of add-on credit cards:
One thing that lures to grab a credit card is exciting accumulating reward points on every purchase. When a secondary card is registered with the primary one, rewards earned on all cards are also directed to the primary card. The accumulated points can be redeemed against a variety of redemption options.
Giving your kid or younger sibling knowledge to manage finances better helps them build a better and secured future financially. Add-on credit card gives an understanding about the credit card usage. It also helps them to keep a control of their spending habits and improving their financial managerial skills.
Those who have low or no CIBIL score, add on card is a great element for them. Usually, banks or CC provider companies don't issue a credit card to applicants with low credit score. However, add-on cards don't work to improve or boosting the secondary cardholder's CIBIL score, they can be good financial element for getting an additional spending power
Credit Information Bureau (India) Limited (CIBIL) score play important role in acceptance of credit card request and it also reflect your credit history. CIBIL score always calculate in rage of 300 to 900, where 300 represent to lowest CIBIL score and 900 represent highest CIBIL score. If your bank credit history is good then you will easily get your credit card.
The air transport association and American airlines jointly launched this vital visa card for all frequent travelers to make their trip economical as well as memorable for longer time. Air Travel Credit Card avails maximum number of travel related luxury along with some remarkable benefits to take things into a different level. They are designed to specifically to make trip even better and interesting.
In case of cash withdrawal bank stops free credit period facility and will continue once remaining amount is paid to the bank. This condition, works in case of big amount is paid by user through credit card than cash payment option. The free credit period will work when user credit card to pay the complete bill in a certain time interval otherwise he will not get this facility. Shop and pay smartly to avoid any financial complication and better transaction facility.
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It can be said that it is revolutionary step taken by banking and financial organization to transform the entire payment system. One of the main reasons behind this is that people prefer online transaction rather than wasting time in traditional payment system. These days balance transfer is one of the main tasks of this credit card.
Working process of this is quite similar to credit card where user needs to borrow credit from respective bank. It consists of logo of visa and master card, security chip, magnetic stripe, unique card number along with highly configured security chip. These things may become even more interesting if someone will look to utilize recently launched interesting and best credit card deals and other respective offers.
The user uses this to perform all vital transaction while shopping online.
Reputed bank and financial organization avails this facility to ease all transaction related processing as per guideline of reserve bank of India.
Under this category basically merchant and its service provider connect with each other regarding exchange of services.
On behalf of merchant, financial institutions accepts payment regarding services and products.
Agency that resell its services or product to merchant.
Sometimes it refers to independent sales organization or acquiring bank. In most of the cases it goes with merchant that manage it.
It refers to controller system that handles all queries and processing of transactions.
They are responsible for handle all transaction based pact with merchant and mange services of renown service provider like visa, master, discover and several other.
All reputed organization or agency offers special privilege along with insurance facility for personal, vehicle, health, travel, home and other ones.
Universities, sports teams, major retailers, professional organization are the best example that utilizes the services of respective bank.
Are you a night life lover? Do you love going clubs every weekend? Do you frequently visits fancy restaurants? Or are you a die-hard fan of new film releases? Did you ever compromise your desires and sit back at home just because of empty pockets?
If yes, then shoot your worries out because entertainment credit card is here packed with amazing rewards and exciting bonuses."All work and no play make Jack a dull boy!" and it comes true in the modern day society where everyone is rushing towards their life goals, not realizing that life is in the present moment.
Many of times, we compromise our desires to enjoy a club night or to dine at fancy restaurants, but, no more keeping aside your desires just because it is a month-end or you are empty pockets. You can simply redeem the reward points to book club or movie tickets or at partnered restaurants. So, set yourself free and live in the moment.
Top Entertainment Credit Card in India Citibank Ultima Visa Credit Card, Axis Bank Infinite Credit Card, SBI Platinum Card, Kotak Trump Gold Credit Card, Citi Dividend Platinum Select MasterCard, ICICI Bank Rubyx Credit Cards, HDFC Platinum Times Card.
Credit cards have been an inseparable part in modern day society. One cannot imagine meeting all their expenses without having this small piece of plastic card in their pockets.
Why so?, This is because, appearing small in size, the credit cards are packed with lots of benefits, convenience, and lots and lots of rewards. Yes, you read it right, rewards. While swiping your card, funds get debited and rewards are credited to your account, in order to make your shopping experience more enchanting. Cardholders can crave for more reward points while booking travel tickets because Travel credit cards come with additional reward points on travelling expenses. Earned rewards can be redeemed against travel ticket booking, lounge access, special privilege programs, and so on. Travel Credit Cards can be accessed globally, probably, with no additional fee and hidden charges. So, get your travel card today and fly free.
Many of times, we compromise our desires to enjoy a club night or to dine at fancy restaurants, but, no more keeping aside your desires just because it's a month-end or you are empty pockets. You can simply redeem the reward points to book club or movie tickets or at partnered restaurants. So, set yourself free and live in the moment.
Top Travel Credit Card in India Amex Platinum Travel Credit Card, Citi Premier Miles Credit Card, Axis Bank Miles and More World Card, Jet Airways ICICI Bank Rubyx VISA Credit Card, SBI Air India Signature Card, HDFC Superia Credit Card, Axis Bank Titanium Smart Traveller Credit Card, Yatra SBI Card, American Express Platinum Travel Credit Card.
How would it be if you earn exciting reward points for every spend? Isn't it sounds great?
We all crave for rewards, bonuses, discounts, and lots of privileges and this is what reward credit cards are packed with. So, no more window shopping and no more compromising your desires because reward credit card is here to aid all your finances and can bridge the gap between limited income and infinite expenses. You can earn exciting rewards for every spent and can redeem the points against numerous options from reward redemption catalogue.
Not just the cardholders can earn rewards for every spent, but, they can also accelerate the privileges on selected categories of spends. Though, special categories may differ from one card to another, therefore, it is best to go through all card-related details and informations. So, stop compromising and start craving.
Top Rewards Credit Cards in India Standard Chartered Platinum Rewards Card, SBI ELITE Credit Card, Standard Chartered Manhattan Credit Card, SBI simply click credit card, Standard Chartered Super Value Titanium Credit Card, SCB Ultimate Credit Card, YES FIRST Preferred Credit Card.
Being a shopaholic is actually a great thing to get relieved of all worries and tensions, but, many of times, being shopaholic itself gives birth to all worries and lack of confidence, especially when you are running out of balance or you are at the month-end. But, a shopping credit card is every shopaholic's best friend, making the most out of their shopping experience. Shopping card can be accessed at over million merchant outlets globally.
Moreover, cardholders can earn exciting rewards every time they shop from the partnered brands. So, even if you are running out of cash and desperately wants to buy a new dress for your friend/cousi's wedding or for cracking an interview, no need of losing your confidence and slip into your personality's best side. Apart from shopping, cardholders can enjoy a host of privileges on dining and travel as well.
Best Shopping Credit Cards in IndiaICICI Coral American Express Credit Card, SBI Simply Click, SnapDeal HDFC Card, First Citizen Citibank Titanium Credit Card, Axis Bank Neo Credit Card, Axis Bank My Zone Credit Card, Yes Prosperity Edge Credit card.
Who else doesn't crave for discounts, rewards, and whopping cash backs?
Cash back credit cards are packed with amazing cashback offers against spending across several categories. Credit card reward programs come in so many varieties that it sometimes becomes difficult to choose the best card for all your spending habits. However, while choosing the cash back credit card, it is important to look for the shopping categories you prefer the most, so that you can get the most out of your shopping habits.
Basically, with Cash Back Credit Cards, a particular percentage of the amount spent on the card will be returned to you as cash back. Though, cash back rewards may differ on each categories from card to card. Thus, it is best to choose the cash back credit card that comes with relatively high cash back offers.
Well, now or then, we all got admired with the enchanting road trips in movies and shows, but, rising fuel prices bounds to fulfil our admires. Therefore, fuel credit card comes packed with amazing rewards on fuel expenses, so that, you can enjoy long drives without feeling the pinch in your pockets. There are several fuel cards having tie-ups with crude oil companies across the country and are offered by banks as co-branded cards.
Cardholders can earn rewards and cash back on fuel expenses. Choosing these cards might make fuel expenses slightly cheaper than usual and you can earn reward points for your long drives truly unforgettable and worth your time. Cardholders can get fuel surcharge waiver on every monthly cycle for pre-specified minimum purchase. Apart from fuel surcharge waiver, cardholders can earn accelerated rewards while shopping acorss partnered brands.
Top Fuel Credit Cards in IndiaIndianOil Citibank Platinum Credit Card, RBL Titanium Delight Credit Card, ICICI Bank HPCL Coral American Express Credit Card, Standard Chartered Titanium Credit Card, IndusInd Platinum Aura Credit Card, IndianOil Citibank Titanium Credit Card, ICICI Bank HPCL Coral VISA/MasterCard Credit Card.
Luxury is something that we all crave for, though priorities may vary in different categories. Be it dining at 5-star hotels, having branded wardrobe, or preferring modern interior decor, luxury actually matters a lot in a modern day society. Lifestyle credit cards come with a host of privileges to lead a luxurious life without leaving a hole in your pockets. Lifestyle cards are packed with a lot of rewards and cash back offers.
Benefits of Lifestyle Credit Card-
Rewards: Who else doesn't love rewards? Everyone does and this is what this credit card is best known for. Cardholders can enjoy amazing deals and discounts across different categories.
Dining And Grocery: Cardholders can enjoy additional privileges while shopping and dining at partnered brands.
Travel: Apart from rewards and dining & grocery, lifestyle credit card also gives special privileges to the cardholders to manage their travel expenses.
Top Lifestyle Credit Cards in India IndusInd Bank Chelsea FC Card, HDFC Bank Diners Club Black Card, Axis Bank Privilege Credit Card, HDFC Solitare Credit Card, ICICI Bank Coral Credit Card, HDFC Platinum Times Credit Card, HSBC Platinum Credit Card.
Earlier keeping a track of your own spendings was a tedious task. But, now things are quite easy and convenient. All thanks to credit card statement that makes it easy to track the spending and get all the information you need to know about where your money is going.
Credit card statement is important and necessary tool in order to maintain CC account and keep it going at good pace. The statement also have a due date mentioned, which saves the cardholder from paying any late fees or additional charges.
In simple terms, a CC statement is a periodic report of all the debit and credit transaction made within a given period or billing cycle. Thus, it is important to keep a check on credit card statement regularly.
The credit card provider company sends the statement to the cardholder's email address and phone number at least 21 days before the due date. This gives enough time to ensure timely payment of outstanding bill and avoid late fee charges.
In this fast-moving lifestyle, credit cards have become an inseparable part of our financial planning. However, very few understand to keep a balance of their Debt-to-income (DTI) ratio. Many credit cardholders, who believe themselves as good money managers, might get surprised after knowing their DTI ratio.
Debt-income ratio is the amount your monthly bills divided by your net monthly income. The ratio allows you to determine the likelihood of timely credit repayments to avoid any penalty charges and negative markings on CIBIL score. This is also a crucial factor considered for determining the credibility of an individual.
While reviewing loan applications, lenders compute the ratio of an applicant to determine their loan repayment ability. 43% is said to be standard ratio to qualify for a home loan, though the percentage might vary from lender to lender. An individual is disqualified for a loan or credit, if not having good ratio.
Hence, even if they want tob buy a house in future or get a car financed, the ratio determines whether they are creditable or not. So, be very careful while making your credit card spending and keep tracking your debt-to-income ratio for secured financial future.
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