A credit card is a financial instrument issued by a bank or other financial institution that allows you to pay for products and services with the credit limit you’ve been given. It’s a highly easy way to pay that comes with a slew of rewards and advantages. Once you match the lender’s eligibility criteria, you can simply obtain a credit card in India.
The key to satisfying the eligibility requirements is to:
- If You have a decent CIBIL / credit score. You can keep your credit score in good shape by paying your loan dues and EMIs on schedule.
- When applying for a credit card, you must also demonstrate that you have a consistent source of income. Your average bank balance is a major component in determining whether or not you’ll be approved for a credit card and what credit limit you’ll be given.
- You can also apply for a credit card online through the lender’s website or by downloading the mobile app and registering for a new card.
Following the pandemic, lending companies’ application processes have been simplified. You don’t need to go to a branch for any paperwork if you use a mobile app. After completing the registration process, you can choose to use an eKYC (electronic KYC) approach. Which allows you to scan and submit the relevant papers electronically.
You can easily compare firms and the online application procedure allows you to compare companies and the online application process allows you to compare companies and the online application procedure allows you to compare companies and the features offered for simplified process.
Choose Right Credit Card
You can choose a credit card that best meets your needs after conducting thorough study. Bajaj Finserv, for example, offers a credit card that combines the power of four cards in one. You can take out interest-free cash for up to 50 days, get an emergency credit line, earn and redeem reward points on your purchases, and break down large purchases into manageable EMIs. The Bajaj Finserv app can be used to apply for a credit card. The software is available on the Google Play and Apple App Stores.
Which of the offered credit cards is the best?
If you’re looking for a new credit card, the RBL credit card is a wonderful option to explore. Here’s why:
The Bajaj RBL Credit Card has the following features:
1) RBL SuperCard is a four-in-one card that can be used as a credit card, a cash card, an EMI card, and a loan card. This combines the power of four cards into one SuperCard.
2) Interest-free cash — You can withdraw cash from ATMs for free for up to 50 days with this card. This will make it much easier for you to deal with your immediate financial needs.
3) Easy EMI conversion – The card enables you to convert expensive purchases over Rs. 3000 into simple EMIs with ease. As a result, you will be able to purchase with greater ease.
4) Emergency cash advance – With the RBL Credit Card, you can get a quick Personal Loan with interest rates as low as 1.16 percent.
5) Exciting Rewards – You will receive reward points based on your spending and card type, which can be redeemed at over 90,000 partner stores. The points can also be used to purchase movie tickets, gift cards, and fuel surcharge waivers, among other things.
6) Safe and secure — Stay safe from cybercrime and online fraud with zero-fraud liability and in-hand security.
Read Also – Benefits Of Having Credit Card In India
What should you do once you get your new card?
1) Getting your card activated
This is a simple method with only two or three steps. You can begin using your card after it has been activated. If you haven’t activated your card, you won’t be able to make any transactions with it. You can activate it by calling customer service or receiving an OTP on your registered mobile number.
2) Comprehend the terms and conditions
It is critical that you read the instructions fully and understand the fees and charges before you begin using the credit card. You must also be fully aware of your spending limit in order to utilize the card responsibly.
3) Getting rid of old cards
If your new card is an improved version from your bank, you should cut the magnetic strip beneath it in half and discard the old card.