The number of credit card users in India can easily be somewhere in millions and each year the number of users is still rising. However, this number still falls short when compared to debit cards which are issued to almost every savings account holder.

The lesser number of credit card holders can primarily be attributed to two factors - the lack of knowledge about credit cards and the fact that most of the people think that the interest rates on credit cards are high. However, the truth is that the interest rates on credit cards are not that high anymore and moreover such interest gets levied only when the bill is not paid by the due date.

What people do not know about or tend to overlook is the fact that they offer a wide range of benefits which debit cards don’t and the fact that you do not need to have money in your account to make a purchase.

If you are planning to opt for a online credit card, then here are some of the types of credit cards that you can opt for -

Secured

These are the types of cards which are available against some or the other form of collateral such as a fixed deposit. The credit limit in such cards is usually the principal amount invested in the fixed deposit or below that. This is highly beneficial for those who have a low credit score.

Unsecured

These are the exact opposite of the secured credit cards and the most popular category too. You do not need to provide any kind of security in order to avail these credit cards. Instead, all you need to do is visit the website of the lender, check the card which suits you best along with the eligibility criteria and apply for it online.

Read: Credit Cards: The Different Types Available and Which One To Go For