Question: How To Choose Credit Card India?

0 Comments

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 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 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.
You might be interested:  FAQ: How To Transfer Fund From Credit Card To Bank Account?

Which is the best credit card in India 2019?

10 Best Credit Cards to Keep in India

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

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.

Which bank gives highest credit limit in India?

1,00,000 – Rs. 2,50,000. JetPrivilege HDFC Bank World Credit Card Limit: Rs. 2 Lakhs – Rs. Super Premium Credit Cards:

  • HDFC Infinia Credit Card Limit: Rs. 8 Lakhs & Above.
  • HDFC Diners Club Black Credit Card Limit: Rs. 4 Lakhs & Above.
  • JetPrivilege HDFC Diners Club Credit Card Limit: Rs. 4 Lakhs & Above.

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.

You might be interested:  Question: How To Close Sbi Credit Card Permanently?

Which is a good credit card to start with?

The Best First Credit Cards

  • Petal® 1 “No Annual Fee” Visa ® Credit Card: Best Overall For New To Credit.
  • Deserve® EDU Mastercard for Students: Best for Students Without Any Credit History.
  • Discover it® Secured Credit Card: Best Secured Starter Card For Those Starting Out.

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.

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%

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.
You might be interested:  Often asked: How To Earn Reward Points In Hdfc Credit Card?

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.

Which bank credit card is easy in India?

Easiest to Get Add-On Credit Cards Aqua – Kotak Mahindra Bank. Urbane – Kotak Mahindra Bank. PVR Platinum – Kotak Mahindra Bank. Sapphiro – ICICI Bank.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post