Know All About Credit Cards and How to Avail One in India

In today’s world, knowing what is credit card is essential considering the exponential rise in cardholders in India. Credit cards are used for a diverse range of purposes from purchasing day-to-day necessities to making big-ticket purchases. 

When you make a purchase using a credit card, you are borrowing funds from a credit limit. You are required to repay the amount in due time to avoid penalty charges and prevent your credit report from decreasing.

How to avail a credit card in India?

Holding a good credit score with a clean repayment history proves advantageous in credit card approval and setting a high credit limit. Besides, you are required to possess a stable income for increasing your chances of getting a higher limit credit card. 

As for card eligibility, you must reside in any of the live locations of credit card and must not be a defaulter in repayment. You must also be aged between 25 and 65. Provided you qualify for the eligibility requirements, you can consider availing a credit card from any leading financial institution or NBFC. 

Some of the features that come with new credit cards include – 

  1. Cash withdrawal from ATMs at 0% interest for up to 90 days.
  2. Avail loans against the unutilised credit limit.
  3. Convert big-ticket expenses into manageable EMIs.
  4. Earn welcome reward points as a welcome gift and on every purchase made. 

You can opt for products like the Bajaj Finserv RBL Bank SuperCard that comes with several industry-first features.

Applying for a credit card is uncomplicated and you can do so by sharing a few necessary details. All you need to do is choose your preferred card, fill in the application form and make the payment.

It is important to note here, all the details about credit card number, CVV, PIN – must remain confidential to minimise chances of credit card fraud.

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