Often asked: How To Choose A Credit Card India?


Which is the best credit card for beginners in India?

Here are the top 10 best credit cards for beginners in India to help you pick the right one.

  • Citibank Cash Back Credit Card.
  • American Express Membership Rewards Credit Card.
  • Standard Chartered Super Value Titanium Credit Card.
  • HSBC Visa Platinum Card.
  • HDFC Regalia Credit Card.
  • HDFC Bank Diners Club Rewards Card.

How do I pick the right credit card?

If you are choosing a credit card for the first time in India, then you need to check the annual fees and renewal fees of the credit card. Check the waiving off criteria of the annual and renewal fees. Typically, waiving off criteria depend on your expenditure pattern.

Which is the best credit card in India 2019?

10 Best Credit Cards to Keep in India

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Categories Credit Card
Best Credit Cards for Salaried Individuals 1. Standard Chartered Platinum Rewards Card 2. Axis Bank Insta Credit Card 3. Citibank Cashback Credit Card
Best Credit Cards for Students 1. ICICI Instant Platinum Card 2. SBI Student Plus Advantage Card

How do I choose a credit card for the first time?

Here are several things to consider when choosing your first credit card.

  1. Do Your Research.
  2. Ensure You Have Steady Income.
  3. Choose Wisely.
  4. Read the Fine Print.
  5. Consider a Secured Credit Card.
  6. Avoid Cards That Require Excellent Credit.
  7. Use Loans to Your Advantage.
  8. Become an Authorized User.

Is Paytm first credit card good?

Paytm First Credit Card Details 1% as cashback is absolutely great for beginners. You can view the txn details on the Paytm passbook. (similar to Paytm Postpaid). The Passbook of the credit card will also highlight exclusive offers from both Paytm and Citi on a real-time basis.

Which credit card we can get easily?

Credit Cards for Low Salaried/Income Earners

Sr. No Credit Card Name Minimum Annual Income Required
1 Coral 20,000
2 Visa Classic for Self Employed 50,000
3 Visa Classic for Salaried 60,000
4 Classic for Salaried 60,000


What is the main reason you should not use a credit card?

Using credit cards and not paying them off monthly can be detrimental to your credit. The major downsides of using credit when you don’t have the cash to pay it off later—besides the high-cost interest—includes hurting your credit, straining relationships with family and friends, and ultimately bankruptcy.

What is not a benefit of having a good credit score?

What is NOT a benefit of having a good credit score? Your credit score will go down. Going directly to a car dealer for a loan to keep things simple is a Not great because they typically offer higher interest rates.

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What credit score do you start with?

Most in the U.S. start at 300, and sometimes lower, depending on the scoring system — so you can’t have a credit score of zero. Some credit scores, such as Bankcard and Auto scores, can range from 250-900. Before your information appears in a credit bureau file, your credit history simply doesn’t exist yet.

Which is the safest credit card in India?

Best Lifestyle Credit Cards

  1. SBI Prime. SBI Prime Card.
  2. HDFC Regalia First. HDFC Regalia First Credit Card.
  3. Amex MRCC. American Express Membership Rewards Credit Card.
  4. SBI SimplyClick. SBI Simplyclick credit card.
  5. ICICI Coral Amex. Reward Rate: 0.5%-1.25%
  6. ICICI Amazon Pay.
  7. RBL Platinum Delight.
  8. Standard Chartered Manhattan.

Which credit card is most used in India?

Top Selling Credit Cards in India

  • 1.1 Yatra SBI Card.
  • 1.2 Air India SBI Signature.
  • 1.3 SimplySAVE SBI Card.
  • 1.4 BPCL SBI Card.
  • 1.5 American Express Everyday Spend Gold Credit Card.
  • 1.6 HDFC Bank MoneyBack Credit Card.
  • 1.7 RBL Bank Platinum Maxima Credit Card. 1.7.1 People Also Look For.

Which is best credit card Icici or HDFC?

In a variety of credit cards, it becomes really difficult for an individual to choose the best among them. Many people are confused between ICICI Bank and HDFC Bank that the credit card of which bank is better to use and has more offers. Well, both of these banks provide the best credit cards having exciting offers.

What is the fastest way to build credit?

8 Ways to Build Credit Fast

  1. Pay bills on time.
  2. Make frequent payments.
  3. Ask for higher credit limits.
  4. Dispute credit report errors.
  5. Become an authorized user.
  6. Use a secured credit card.
  7. Keep credit cards open.
  8. Mix it up.
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Is Credit Card good or bad?

Credit cards are neither good nor bad. They are financial tools that must be used with care. Cards can help or hurt your finances if you don’t use them responsibly. At the same time, credit cards used properly offer a convenient payment method that can build credit and earn rewards for users.

What type of interest do credit cards charge?

The average credit card interest rate is 18.24% for new offers and 14.75% for existing accounts, according to WalletHub’s Credit Card Landscape Report. Current Credit Card Interest Rates.

Category Interest Rate 6 months ago
Excellent Credit 13.09% 13.03%
Good Credit 19.40% 19.28%
Fair Credit 23.25% 23.43%

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