This is an endless debate on which is a better choice a debit card or a credit card. There are people who love credit cards for various reasons and some say the debit card is best to use due to various reasons. Along with this, you will also find people who say you should not use any of them. When it comes to spending, you need to understand your financial capacity and spending nature. This will help to decide whether your needs can be best met by a debit card only or you require a credit card to enjoy life even when you are short of money. 

What is the right choice for you? This depends on various factors and different cases for each individual. For this, you should know the difference between credit card and debit card, available funds in each of them, your spending nature, security and protection, liability policies, access to cash, etc. Along with this, know the risks involved in both debit and credit card and ways they can benefit when you require in different situations. Analyse

In India, credit cards are soon becoming one of the most preferred modes of transactions. Between January 2017 and 2018, almost 7.39 million new cards were issued to customers. People prefer credit cards over other types of cashless mediums because of the convenience they offer. However, credit cards are debt products and everytime you swipe it, you basically take a short-term loan from the credit card company. This means, you’ll have to pay back the availed loan before the due date in order to avoid penalty and interest charges. Apart from that, if you fail to do so, your credit score is likely to go down affecting your credit eligibility for a very long time.

So, if you are using a credit card, it’s better if you pay the debts on time. Talking about how, you can use NEFT for credit card payment.

What is NEFT? 

 NEFT refers to National Electronic Funds Transfer System and has been in existence for a very long time. In fact, it is one of the most common methods of credit card bill

Today is the age of plastic money. So, everyone should know about the usage of credit card which is also a plastic money. Let’s see here how to avail credit card and use it wisely.

A Credit Card is a plastic currency that comes with a credit limit up to which you can utilise the same. It is nothing but a loan which comes with certain charges and monthly repayments with interest. A credit card helps you in meeting short term financial requirements which need not have to wait till you get your salary. It is a cushion for you as in case of emergency you need not go tapping the door after the door for the money and can repay it once you get the money. Now-a-days, it comes with EMIs so that a fixed amount could be repaid every month. 

You can even withdraw cash from your credit card from the ATM. But before credit card apply online, one must thoroughly know about what are all the charges involved in it. 

1. Joining fees which is a one-time fee

2. Annual fees which is charged annually for the

Many companies and financial institutions are offering instant credit card facilities to users in India. Some of these cards can even be customised as per the users’ requirement and credit limit. Moreover, many discounts, reward points, and cashback offers are provided on your transactions through the credit cards. 

Another amazing benefit of having a credit card is that you get to see your credit card application status easily, as well as your CIBIL score is increased. And, a higher credit score means you can easily avail for unsecured loans, as well as more credit cards without any issue. 

But you must be wondering which one is the best credit card in India and what features it has to offer?

Well, Bajaj Finserv RBL Bank SuperCard is considered the best credit card for your regular expenses. Given below are some of the superb features that it provides to the users: 

1. Industry-first features by the SuperCard:

Your Bajaj Finserv SuperCard offers two industry-first features: 

I. Any

Credit cards are today no longer found in the wallets of those who have an enviable pay package. Most salaried people also prefer using a credit card. This is because it offers a number of benefits the most important of which is that it allows purchases made to be repaid back in EMIs over a comfortable tenor. 

What this essentially means is that you can make purchases even in situations when you do not have balance in your account. Despite this, there are many individuals who do not know how to take advantage of their credit cards to the fullest. If you too are unaware of it, then read on to find out - 

Asking for a Higher Credit Limit

The credit limit that is sanctioned on each credit card is different which may or may not be enough for your needs. For this reason, it is essential to ask your credit card lender to increase your credit card limit.

Apart from allowing you to spend more, a higher credit limit also helps better your credit score. Furthermore, if you have a high credit score

Credit card is nothing less than a magical financing option as it increases the affordability of items which were not possible earlier. Shoppers can literally buy things they like and pay for them as per their convenience.

Additionally, the credit card offers a host of benefits to its users, as well, as mentioned below - 

• Convenience: the credit card converts the price of the purchase into instant monthly installments. This makes it easier to pay for items which are slightly out of the budget too. It helps to shop for things without having to depend on liquid cash which thus makes it a rather convenient tool to shop with.

• Redeemable rewards: credit card from leading NBFCs offer periodic reward points, milestones, bonus, MRP discounts to its users. This makes the purchase or bookings more affordable and enjoyable for the buyer.

• Easy repayment: as it converts the price into monthly instalments all the buyer must make sure is to pay off the due amount on the due month each month without any

Credit card lets the user buy-first-pay-later which makes it an increasingly popular option for the millenials in the workforce. It allows them to pay for their needs even when they do not have enough liquid cash in their hands. 

But before you apply for the credit card here are important things you must keep in mind to avail all of its benefits - 

• Avoid the debt trap - when you make transactions using your credit card make sure to pay them off regularly with the regular payments. Simply, avoiding to pay will pile up the payments and turn them to a debt which will lead to monthly interest rate of around 3% to 4% on the outstanding of the card. 

• Do not overspend - once in a while, we all love to indulge and there is no other financing option better than a credit card which will help us do it. However, this must not a habit. As with every transactions made, as a user, you are also supposed to pay it off. Besides, if you doing it just to earn reward points and discounts the strategy might

Having your credit card compromised is a highly unwanted situation. It not only stresses you out mentally but also leaves your finances vulnerable at the hands of culprits. To avoid a sticky situation such as this you must know of some smart tips to save yourself and your card.

• Personalize the credit card - as soon as you receive your credit card make sure to sign the back of your card. This ensures that the card is yours and no one else is able to use it unless you want them to such as your family member. 

• Fraud alert - you can set up ‘initial’ and ‘extended’ fraud alert on your RBL credit card. With this, the lender will inform you via call, email or SMS of any unusual activity. The alert helps you identify fraud either occurring or has happened recently and pushes you to block the card to save you from the same. 

• Save details carefully - the information of your credit card especially its pin number is an important tool to authenticate transactions. Hence, at all times make sure to

One of the ways to settle a huge outstanding on your credit card is to opt for a balance transfer. It is a recommended option as it not only lowers your EMI but saves you from paying the additional rate on the card, as well. But, before getting started keep these important pointers in mind -

1. In order to be eligible for a credit card balance transfer you must have a good or an excellent credit. Where, recency and frequency of payments is take into consideration. And especially the recent missed dues can negatively affect your chances of being approved for a transfer. Even for a 0% introductory rate or approval for enough credit to have your balance transferred.  

2. Additionally, most credit card balance transfers charge a fee and may even levy an annual fee on the credit card. Such costs and the time taken to clear off the outstanding dues on your credit card payment may negate any interest savings you may be eligible for with the balance transfer. 

3. Most importantly as you are required to

Credit card is a flexible and simple financing option which lets you shop-first-pay-later. It gives you the power to make transactions even when you are short of liquid cash. But, there are important things you must keep in mind when you use your credit card to ensure that all transactions are secure.

Let’s go through them here - 

• Carry the credit card with you and try not to share it with anyone. This is a simple yet the first step to ensuring the safety of your card. 

• While, making transactions online or at the store punch in credit card details yourself and do not share any kind of information with anyone. 

• The credit card statement you receive every month make sure to go through it thoroughly. This is a smart way to identify fraud or any transactions which might have been carried out without your knowledge.

• Avoid using the credit card on open networks such as an office LAN or public WiFi. You would be avoiding sharing sensitive card information to any third-party or even hackers.

• While