Thu. Mar 28th, 2024

Financial institutions in India offer a variety of credit cards to choose from. But, before selecting a credit card, do ample research to find one that fits your requirements.

These cards are great for availing immediate finance. Users can also earn attractive reward points, cashbacks, and discounts using the same. Simultaneously, they come with different terms and conditions, interest rates, fees, and other additional charges. So make sure you make your card payments on time to maximise benefits.

Apply for a credit card after considering certain crucial points like:  

  • Your requirements

You may need a credit card for different purposes. Credit cards come with different benefits. So, choose a card offering benefits that meet your purposes.

If you opt for air travel frequently, a card like the Bajaj Finserv World Plus SuperCard gives you free airport lounge access for upto eight times in a year. Some cards also give fuel surcharge waiver. So choose such cards if that suits you better

  • A secure card

With increasing e-commerce businesses, making online payments is now a trend. Simultaneously, it also brings many security threats. A card that provides you with all-around security when making payments should be your preferred card.

Choose a card that comes with robust security features like In-Hand Security and Zero-Fraud Liability Cover making your payments completely secure. You should apply for credit card that makes your transactions safe and secure.

  • EMI options

All credit cards do not come with an EMI option for repayment of the utilised credit. Also, if you want to purchase products on EMIs, a card that does not have this feature won’t help. So, select a credit card that offers you EMI options for both financing and repayment.

Hassle-free approval

Some card issuing companies have lot of documentation requirements, while others issue the cards with minimal documentation. Choose a card that makes the process hassle-free and has easy credit card eligibility criteria.

  • A card that fetches the highest overall value

Sorting out your needs and purposes is easy. However, it is difficult to select a single card out of many. Some factors that make a card stand out are:

  • Repayment of utilized credit on EMIs.
  • No expiry of rewards as long as your card is active.
  • A lower spending limit to get reward points.
  • A low penalty for delay in payment.

The best card will be the one that gives you a high value overall. Now, you know what parameters to look for before choosing the right card. The multiple features will help you use credit cards to the maximum benefit and save more.

Make a comparative study of the different offers that credit cards provide. Check your suitability and select a credit card accordingly.

By Varsha Santosh

I like to learn more about the little complexities of life, money

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