With various credit cards being offered by different financial institutions in India, it is difficult to select one as the best available option. Additionally, personal preferences and spending habits must also be taken into consideration while making such a choice.
Consequently, these features should be checked and compared while selecting credit cards in India -
Few credit card users offer loan options to their users in case of a financial emergency. This can be availed online by paying a flat processing fee; the loan does not incur any interest if cleared within 90 days.
A very advantageous feature often offered on credit cards is that of cash withdrawal from ATMs. This should be repaid within 50 days and does not have any interest other than a processing fee.
Though offered on every credit card, applicants should compare reward points as well as related features. Furthermore, users should regularly check reward points related norms to maximize their benefits.
While most credit cards in India offer advanced security, potential applicants should check guarantees against incidents of identity theft and malpractices. They should also note different methods of keeping their cards safe against hacking.
Partner stores and offers on purchase should be checked to coincide with a card user’s spending habits.
While usually there are minimal eligibility criteria, it should be checked from before to avoid rejection. Cards like the RBL Bank SuperCard only require KYC documents accompanied by financial employment and PAN details.
Though checking these features ensure the right choice of credit card, users should also learn how to maintain it properly. This includes checking and timely clearing of credit card bills to avoid late fees. In the event of a financial emergency, users should check their payment offers and consider clearing their minimum due.
