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Best Credit Card In India

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WHAT IS A CREDIT CARD?

Credit card is a plastic card issued by a bank or a financial institution, allowing a consumer to purchase goods and services on credit. It is a digital alternative to cash- based transactions. One can withdraw advance cash or make a purchase on credit. The consumer can pay back the due amount through monthly installments before the final due date. You can find some amazing offers on best credit cards in India at CreditKaro.com.

How To Apply Credit Card Online

Log in to CreditKaro.com

Locate the “Credit Card” tab on the home Page and click on it

Provide necessary details to sort and filter out your preferences.

Choose from the displayed products and click on “compare”.

You can compare up to 3 cards.

Select the one that suits you and click on “Apply”

Documents Required
  • Identity Proof (Anyone): Aadhaar card/ Passport/ PAN CARD/ Voter ID card
  • Address Proof: Aadhaar/Passport/ Driving license, Phone bill, electricity bill, Rental agreement & Two recent passport-sized photographs
  • Financial documents: Salaried: Latest three-month salary slip

TYPES OF CREDIT CARD

Standard CREDIT CARD

This is the most basic credit card with nominal annual and joining fee.

Travel CREDIT CARD

These credit cards can earn you frequent flyer points and executive lounge access when you purchase tickets using them.Top Travel Credit Cards in India

CashBack CREDIT CARD

These credit cards can earn you frequent flyer points and executive lounge access when you purchase tickets using them.Top Travel Credit Cards in India

Fuel CREDIT CARD

These credit cards can earn you frequent flyer points and executive lounge access when you purchase tickets using them.Top Travel Credit Cards in India

Reward CREDIT CARD

These credit cards can earn you frequent flyer points and executive lounge access when you purchase tickets using them.Top Travel Credit Cards in India

Co-Branded CREDIT CARD

These credit cards can earn you frequent flyer points and executive lounge access when you purchase tickets using them.Top Travel Credit Cards in India

BENEFITS OF USING A CREDIT CARD

Don’t let cash be a constraint once it involves planning your dream wedding, travel destination, house renovation or even debt consolidation. Whatever is the current need, you can avail a loan that meets the exact requirement so that you can execute your plans without facing any monetary hassles.

EASE OF CREDIT

Carrying a plastic card in your pocket is much easier and safer than carrying hard cash, moreover there might be a situation where an individual does not have liquid cash but needs to make a big payment, this is where the credit card comes in to remove this hindrance.

RECURRING PAYMENTS

There is usually a notion that credit cards are only used to make big one-time payments, but one can also add a credit card to their monthly biller and make recurring payments like electricity bills, gas bill, phone etc.

CASHBACKS

Many credit cards have cashback offers on them, which means when you make a certain purchase from partner outlets, you get a certain percentage of that purchase as cashback which is then deposited into your account.

REWARDS PROGRAMS

There are many credit cards which carry reward offers, these cards are generally called “Reward cards”. These are cards with which you can earn reward points on each transaction and use them for future purchases.Best Rewards Credit Card 2018 in India.

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We found 3 Credit Cards
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Citibank Cashback Credit Card

Card Type

Cashback

Fee

  • 1st Year Fee-500
  • Renewal Fee-500

Eligibility

4 lakh onwards

RBL Bank Shoprite Credit Card

Card Type

Rewards

Fee

  • 1st Year Fee-300
  • Renewal Fee-500

Eligibility

6 lakh onwards

IndianOil Citi Platinum Card

Card Type

Fuel

Fee

  • 1st Year Fee-400
  • Renewal Fee-400

Eligibility

6 lakhs onwards

HOW TO APPLY FOR THE BEST CREDIT CARD IN INDIA

City I live In -

Knowing your location helps us find out the best resources around you, and we can work with more precision every time.

Choose your employment type -

Let us know if you are salaried , self employed or a retired person so that we can segregate the products according to your needs.

choose company name -

Letting us know your company name helps us filter out the best products based on availability.

Your Monthly Income -

Help us know your income structure so that we can categorize the products based on your feasibility.

TIPS TO USE YOUR CREDIT CARD SMARTLY

Keep an eye on how much you spend:

The most important thing to keep in mind is that you need to track the expenses which you make with your credit card. Make sure, you are adding it to a list of expenses every time you use your credit card transaction. This practice is very essential as it will save you from potential debt trap.

Check your credit card statements:

You must keep a close watch on your credit card statements, these statements give you a clear picture of your credit card expenses and shows all the petty charges that you have missed out on. This habit will also help you tally the actual expenses with the list you have made.

Use your rewards and bank offers:

After you have activated your card, you could be eligible for a welcome benefit and reward points on making purchases or cashbacks on using your credit card. These offers are earned by you because you have qualified for it so use these benefits in your favor while these offers last.

Know your limit:

You must control your credit card and not the other way around. It is particularly important to know the ideal credit limit for you. You must know how much money you require to cover all small and big expenses. Too high a limit can tempt you to spend unnecessarily and you could fall into a debt trap. A small credit limit cannot handle your big expenses, so it is important for you to know the ideal limit so that you can request your bank to provide you the same.

Do not miss out on due dates:

Payment of your credit card bills are especially important to your credit health. Make sure you always pay your dues on time. By paying your credit card bills on time you are not only avoiding added interest but also you are doing good for your credit report, If you do not make your payments on time, it may directly have an impact on your credit score.

Do not get tempted by minimum due payment:

It is a common notion that paying minimum due amount will buy you some time to pay the whole amount. This notion is not considered to be smart because you are only inviting extra penalties and heavy interest rate to your bill. I order to avoid falling into this trap pay your dues in full every month

HOW TO INCREASE CREDIT CARD LIMIT

Acquiring loan will be difficult:

It is a fact that banks investigate your credit report to check your credibility. If you have not paid your dues in time, it will show in your report and lenders would then become skeptical before lending you money.

Your credit score will take a hit:

If you have not paid your dues on time, your credit score will eventually start falling and overtime it will touch a point where you will not be able to apply for anymore credit. So, it is important that you pay your credit card bills and other loans on time if you want to stay in a comfortable situation.

Loose more than you earn:

If you miss you a few payments continuously, the late fee will rise to a point that you will end up losing considerable amount of money. Interest rates on credit cards are generally higher than other loan products, therefore the added interest will also add to your late payments, which is not a very comfortable scenario to be in.

Even one late payment matters:

No matter how punctual you have been with your payments in the past, if you miss one single due date, your credit score could take a considerable hit. You do not want your perfect score to take a hit because of just one late payment.

‘Minimum payment due’ is a honeytrap:

You may think that you are buying enough time to pay your dues buy paying the minimum due amount, but what you are not taking into consideration is that you will still be charged the late payment fee and the added interest accumulated over period of time.

Higher limits will become a far cry:

If you are a defaulter, you will most certainly find it difficult to qualify for a better credit card or a higher limit on a loan. Lenders will not trust you with their money as you have history of not paying back on time. At CreditKaro, you can find lot of cards with good credit line, if you want to apply for a credit card online.

HOW DO LATE PAYMENTS AFFECT YOUR CREDIT SCORE?

Apply for a credit card online:

If you already have a credit card and you have been paying your bills on time, you will find it easy to get approved for a new one. You can then apply for a credit card online which has a higher limit. If you want to check out the best credit cards online

Talk to your lender:

In most cases, if you send a request your lender to increase your credit limit, they may agree to do so if you have genuine reason to increase your limit. All you need to do is visit the branch or raise a request online.

Know your limit:

You must control your credit card and not the other way around. It is particularly important to know the ideal credit limit for you. You must know how much money you require to cover all small and big expenses. Too high a limit can tempt you to spend unnecessarily and you could fall into a debt trap. A small credit limit cannot handle your big expenses, so it is important for you to know the ideal limit so that you can request your bank to provide you the same.

Make good use of your credit card:

The easiest way to increase your credit card limit is to use your credit card regularly. If you are using it on a regular basis, your bank will realize that you need a higher limit to meet your expenses and will offer to increase the limit on your card.

Update Income statement:

In case your income has increased and you are still using an old credit card, you need to approach your bank and update them about your new income, once you have updated them with your pay slips, you’ll eligible for a higher limit on your credit card.

Patience is the key:

If you have been using a credit card for a while now, your credit limit will be upgraded by the bank itself. You just need hold it long enough.

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FAQ

Credit card is a digital alternative to cash-based transactions. This is simply a plastic card issued by bank and financial institutions, which allows the consumer to withdraw advance cash or make a purchase on credit.
Debit card allows a consumer to withdraw or spend their own money from the bank account while in case of a credit card any money withdrawn or spent is a loan amount granted for a stipulated time by a bank or financial institution. If you want to look for top 10 credit cards in India, you can just log on to Creditkaro.com and go to the blogs section, we have some serious recommendations.
Co-branded credit cards are the ones which feature a merchant’s name and logo as a co-promoter of the card. These cards may include rewards and cashback offers from the co-promoter. You can visit our credit card page and find some mind-blowing offers on credit card online; we also offer free credit score check for all our users.
  • Joining fee
  • Annual fee
  • cash withdrawal
  • Duplicate statement fee
  • Service tax
  • Over-limit fee
  • Electronic fund transfer
CVV (Card verification value) number is a 3 digit number mentioned at the back of your card on the signature panel. The CVV number is vital in case of online transaction and provides your card authenticity thus should not be disclosed to anyone.
Supplementary card refers to one or more credit cards which can be issued to the family members of the primary card holders. These cards share the credit limit of the primary card holder. You can have up to 3 supplementary cards at a time although it can vary from one issuer to another.
If you want to check your credit score all you need to do is log on to credit Karo page, go to the home page, click the "check your score" tab and just fill the required information and get the accurate credit score.
Yes. You can make online transactions with your credit card, using a credit card for online transactions is a smart idea because you can earn on various deals and offers.There are a lot of cashback offers on e-commerce websites incase of credit card purchases.
Yes. Each time you use a credit card to make a withdrawal from a credit card, banks charge you a cash advance fee, which is a certain percentage of the withdrawn amount. This amount usually varies from 2.5% to 3% of the withdrawn amount.
  • Standard credit card- These are basic credit cards nominal or no annual fee.
  • Reward cards-These are cards with which you can earn reward points on each transaction and use them for future purchases.
  • Travel cards-These cards can earn you frequent flyer points and executive lounge access when you purchase tickets using them.
  • cash-back card-These cards have cash-back offers on transactions made at partner outlets.
  • Fuel cards-These cards can earn you fuel points on making transactions at fuel pumps.
  • Co-branded cards-These cards feature the co-promoter's logo/name on the card and can earn you discounts and points at the co-promoter's outlet.
  • Charge cards- With these cards you must pay the total outstanding balance at the end of every month as the balance will not be carry forwarded. These cards have no credit limits.
  • It is very easy to compare among different credit cards on CreditKaro.com. When you are on the product list page, you will find a compare button on every product, CreditKaro allows you to compare minimum 2 and maximum 3 products. You can compare the products based on the given criterias and find the one that suits you.
    Incase you loose your credit card, Immediately call the issuer's customer care number and block the card as soon as possible to avoid any misuse. You can read our blog on the topic "What would you do if you lost your Debit or Credit card?" to get more relevant information.
  • Applying for a credit card will never be this easy, all you need to do is:
  • Log on to CreditKaro.com
  • Click on the credit card Tab(locate it from the home page)
  • Once you are on the product list page, you can choose from various options and find the card that suits your lifestyle.
  • Age should be More than 18 years (more in some cases)
  • You should be salaried employee or self-employed.
  • Must Have a valid Indian address
  • Must Have a savings account
  • Must meet the income criteria.
  • Debit card allows a consumer to withdraw or spend their own money from the bank account while in case of a credit card any money withdrawn or spent is a loan amount granted for a stipulated time by a bank or financial institution. If you want to look for " top 10 credit cards in India", you can just log on to Creditkaro.com and go to the blogs section, we have some serious recommendations.
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