Citibank Rewards Card
American Express SmartEarn Card
SimplySAVE SBI Card
American Express Membership Rewards Card
IndianOil Citi Platinum Card
SimplyClick SBI Card
Standard Chartered Platinum Rewards Credit Card
Standard Chartered Super Value Titanium Credit Card
Standard Chartered Manhattan Platinum Credit Card
ICICI Bank Platinum Chip Credit Card
Citibank Cash Back Card
SBI IRCTC Platinum Card
SBI Card Elite
SBI Card Prime
Why to get confused with multiple opinions for multiple credit card options available at different websites? We are here to help you with all the useful information just at the flick of a click. Be it about best credit card, no joining fee credit card, cash-back card or reward points credit card; we will guide you to choose the best suited credit cards according to your requirements.
A credit card is the key to accomplish your diverse needs without instant cash involvement.
A credit card is a plastic card meant to purchase something without any cash right from the beginning of its use. The credit card issuer bank lends a certain amount of money in the form of that card for you to use. The only thing is that you need to pay the amount back within a set time duration along with the applicable interest and GST charges. The bank prepares your credit card statement giving the transaction history and due amount break-up. To keep yourself away from extra fees and penalties, you need to pay the outstanding amount within the due date mentioned in the statement. A credit card can be used for both online and offline purposes.
Credit card application process is not only easy but fast too. You just need to meet the eligibility criteria and fill in few details. Steps to apply for a credit card:
To make a smart choice in choosing the right credit card for yourself, just logon to www.bankingontips.com and apply for a credit card instantly.
With digitalization and online payments leaving no scope for the traditional cash carrying habits, credit cards are the best option to use for every transaction. They are not only hassle free payment options but every shopping comes with reward points or cashback! The other important feature is that you get time of 20-50 days to pay the amount back to the bank. Isn’t it awesome?
A credit card allows you to do any transaction on a credit basis, which means, you do not need to pay cash instantly but get a certain time frame to pay the spent amount back. Whereas, a debit card allows you to spend money from your savings or current account, that needs no repayment.
If you are a first time credit card user, BankingOnTips will tell you how you should use your issued credit card.
Every credit card comes with a credit limit, means the amount of money you can use for transactions. It is actually the amount you have borrowed from the card issuer bank. You need to repay this amount after you have been emailed or posted you transaction statement every month.
To make credit card payments, you need to get your card swiped by the merchant/seller/vendor etc. You will be asked to enter the PIN number which you get with your credit card kit (or the new one if you have changed your new credit card PIN). In case you are using it for online transactions, you need to enter your credit card number, your name, validity, CVV and OTP (One Time Password) that comes to you registered phone number for the authentication of the transaction.
In India, grace period is offered for the payment of the purchases done on the credit card. After this period, interest is added to the total purchase amount. For example, your credit card statement contains purchases from 17th March to 16th April with due date is 1st May; you need not give any interest on any purchase done within that period. Kindly note that no cash advance is included in this grace period.
Well, yes. The facility of cash withdrawal through credit cards is possible and is known as cash advance. This cash is the part of total credit limit given on your credit card. You can easily take out cash from an ATM through generating an ATM PIN for the card. You can generate this PIN by calling on the contact number given on the back side of your credit card. It is customer care’s number for your assistance.
Yes, the credit limit on your card is amended or increased from time to time. To get an increased credit limit, you need to keep a good track record. Always pay your dues on time and do not miss any payment as it may lead to a reduced credit limit.
The credit card eligibility criteria and necessary documentation are different with different banks. Enumerated are the things you should check while applying for a credit card:
You must be wondering what kind of charges you would be levied if you use a credit card? Below is the list of most common credit card charges applied on a customer:
Depending on your varied needs, bankingontips specially scrutinize the best credit cards for you. The choices are based on your salary range, credit eligibility, location etc. Just for your ease, we directly transfer you the chosen bank’s website to apply for the desired credit card.
In addition to it, bankingontips gathers most up-to-date information related to credit cards, just for you.
We value your time, we value your money!
Credit Card is a banking product that allows the customer to purchase goods and services on the credit limit offered through the credit card. This limit is given by the bank/financial institution that have offered the credit card.
Credit Card allows you to purchase goods and services from the credit offered to the customer by the bank/financial institution whereas a debit card allows the customer to withdraw money or to purchase goods and services from it. The amount is what you deposit in your savings or current account.
A credit card has the following features:
There are a lot of benefits that come with a credit card:
EMI is called Equated Monthly Installment of the total outstanding amount that is repaid to the credit card issuer on monthly basis. It is calculated by adding the payable share of principal amount and interest on the principal amount equally divided monthly for the total tenure which is pre-decided.
Any self-employed or salaried person with fixed source of income can apply for a credit card. The applicant should be 23 years of age and should have good credit history.
You need the following documents to apply for any credit card:
The following are the probable charges while you apply for credit card:
You may pay your credit card bills through net banking, NEFT/RTGS, debit card transfer, cash payment, cheque payment, DD etc.
You must consider the following before taking a credit card: