Best credit card in India

 

What is a Credit Card?

The history of Credit Cards can be traced back to the 1920’s in the United States where they were first used. Since then, this instrument has gained popularity rapidly among the masses. It is an instrument which allows its owner to pay for goods or services in advance; up to a certain limit and then repay it with interest later. Generally, it possesses the attribute of Revolving Credit; wherein the Credit Limit is revised upon complete repayment of past debts.  Here, there is no fixed time frame to pay back the amount used through the Credit Card. The more time any card holder takes to repay, the more interest he is charged. There are numerous options where you can apply for a credit card online. RBL MyCard, Bajaj Finserv, CredPal are some of the popular Credit Card apps or you can also apply on any Bank application. You can easily avail online credit card and monitor your transaction through the app.

How to apply for a credit card?

You can easily apply for a new card via banks or credit card apps like the RBL MyCard app or Bajaj Finserv App. RBL credit card is one of the popular cards in the market. An unsecured credit card needs a strong credit history from the applicant. Sometimes you may not have the pre-approved offer for a credit card. In such cases, if you do not have a credit history, you can opt for a secured credit card where a security amount is taken from you against your new card.

Features of the Bajaj RBL Credit Card –

1) 4 in 1 Card – The RBL SuperCard can be used as a Credit Card, Cash Card, EMI Card, & Loan Card. This gives you the power of 4 cards in one single SuperCard.

2) Interest-free cash – This card allows you to withdraw cash through ATMs for free up to 50 days. This can help you tackle your immediate need for money easily.

3) Seamless EMI conversion – The card allows you to easily convert costly purchases above Rs. 3000/- into simple EMIs. Hence you can shop at greater ease.

4) Emergency cash advance – You can avail an instant Personal Loan at interest as low as 1.16% through the RBL Credit Card.

5) Exciting Rewards – Based on your expenditure & card type, you will receive reward points which can be redeemed at 90,000+ partner stores. The points can also be used to buy movie tickets, gift vouchers, waiver of fuel surcharge etc.

6) Safe & secure – With zero-fraud liability & in-hand security, you can stay protected from cybercrimes and online frauds.

With all the above-mentioned features, the RBL SuperCard can be deemed as the best Credit Card if you are thinking of availing one.

Read Also - Why applying for a Credit Card Online is a Good Idea?

How to start using the credit card?

1) Activating your card

This is an easy procedure that includes 2-3 steps. Activating your card enables you to start using it. You cannot make transactions through your card if you have not activated it. You can simply call the customer care or activate it via an OTP received on your registered mobile number.

2) Understanding the terms & conditions

Before you start using the credit card, it is important that you read the instruction thoroughly and have a complete understanding of the fees and charges. You also must have complete knowledge about your spending limit so that you use the card judiciously.

3) Discarding old cards

If the new card received by you is an upgraded version from your bank, you should discard the old card by cutting the magnetic strip behind it into two.